Midway Ltd (AU:MWY) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Midway Limited faces financial challenges as a key customer, Shandong Chenming Paper Holdings, defaults on contracts, impacting Midway’s expected FY25 earnings to be at the lower end of their target. However, Midway anticipates receiving up to $5.2 million from Tiwi Plantation Corporation as part of an insurance claim settlement. The company continues discussions with River Capital to finalize a shareholder meeting regarding their strategic plans.
For further insights into AU:MWY stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue