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An update from Oi Wah Pawnshop Credit Holdings Ltd. ( (HK:1319) ) is now available.
Oi Wah Pawnshop Credit Holdings Ltd. has issued a profit warning, indicating an expected decrease in profit by 30% to 50% for the year ending February 2025 compared to the previous year. This decline is attributed to an increase in credit loss provisions due to falling property prices, impacting the company’s financial performance and potentially affecting investor confidence.
More about Oi Wah Pawnshop Credit Holdings Ltd.
Oi Wah Pawnshop Credit Holdings Ltd. operates within the financial services industry, primarily focusing on pawnshop credit services. The company provides secured short-term loans, leveraging its expertise in asset-backed lending, with a market focus on Hong Kong.
YTD Price Performance: -3.17%
Average Trading Volume: 230,125
Technical Sentiment Signal: Sell
Current Market Cap: HK$415.7M
For an in-depth examination of 1319 stock, go to TipRanks’ Stock Analysis page.