Oi Wah Pawnshop Credit Holdings Ltd. (HK:1319) has released an update.
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Oi Wah Pawnshop Credit Holdings Ltd. has issued a profit warning, anticipating a significant drop in profits by 30% to 50% for the six months ending August 2024, mainly due to increased credit loss provisions following a decline in property prices. Investors and shareholders are urged to exercise caution when dealing with the company’s securities as final results are yet to be audited. The preliminary results are expected to be released on October 28, 2024.
For further insights into HK:1319 stock, check out TipRanks’ Stock Analysis page.