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MOG Holdings Limited ( (HK:1942) ) has issued an update.
MOG Digitech Holdings Limited has issued a profit warning, indicating an expected net loss of not less than RMB113 million for the year 2024, a significant increase from the RMB74 million loss in 2023. The increase in losses is attributed to a temporary decline in gross profit from its financing services and an impairment loss due to the non-renewal of a credit facility by a third-party financier, which impacted the company’s ability to provide loans through its subsidiary, Positive Oasis Limited.
More about MOG Holdings Limited
MOG Digitech Holdings Limited operates in the financial services industry, focusing on financing services through its subsidiary, Positive Oasis Limited. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -55.19%
Average Trading Volume: 46,579,082
Technical Sentiment Signal: Buy
Current Market Cap: HK$543.2M
Find detailed analytics on 1942 stock on TipRanks’ Stock Analysis page.