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The latest update is out from Neway Group Holdings Limited ( (HK:0055) ).
Neway Group Holdings Limited has issued a profit warning, indicating an expected loss between HK$70 million and HK$85 million for the fiscal year 2024, compared to a loss of approximately HK$82.1 million in 2023. The anticipated loss is primarily due to fair value losses on held-for-trading investments and investment properties, as well as segment losses in its property development and manufacturing and sales businesses. The final audited results are expected to be published in March 2025, and stakeholders are advised to exercise caution in dealing with the company’s shares.
More about Neway Group Holdings Limited
Neway Group Holdings Limited is a company incorporated in Bermuda, operating in the sectors of property development and manufacturing and sales. The company is listed on the Stock Exchange of Hong Kong and focuses on investments and property-related businesses.
YTD Price Performance: -1.11%
Average Trading Volume: 326,882
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$45.1M
Learn more about 0055 stock on TipRanks’ Stock Analysis page.
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