Pak Fah Yeow International Limited (HK:0239) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Pak Fah Yeow International Limited has issued a profit warning indicating an expected decrease of approximately HK$47.0 million in consolidated net profit for the first half of 2024, compared to the same period in 2023. The dip is mainly due to an unrealised fair value loss on investment properties. Despite this, the company maintains that its overall financial position is healthy and advises shareholders and potential investors to exercise caution when dealing in its shares.
For further insights into HK:0239 stock, check out TipRanks’ Stock Analysis page.