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An announcement from HK Asia Holdings Limited ( (HK:1723) ) is now available.
Moon Inc. has issued a profit warning, indicating an expected 90% decrease in profit for the fiscal year ending March 31, 2025, compared to the previous year. This significant decline is attributed to a 25% drop in revenue due to weakened demand for traditional prepaid products and increased discounts amid intense market competition, which has eroded profit margins.
More about HK Asia Holdings Limited
Moon Inc., formerly known as HK Asia Holdings Limited, is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The company operates in the prepaid products industry, focusing on traditional prepaid services.
Average Trading Volume: 1,591,336
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.98B
For an in-depth examination of 1723 stock, go to TipRanks’ Overview page.