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The latest update is out from Prosperous Future Holdings ( (HK:1259) ).
Prosperous Future Holdings Limited has issued a profit warning, indicating an expected increase in net loss after tax for the year ending December 31, 2024, estimated to be between HKD48.0 million and HKD54.0 million. This anticipated loss is attributed primarily to a significant fair value loss on investment properties and increased labor costs due to the expansion of its money lending and credit card business. Stakeholders are advised to exercise caution when dealing with the company’s securities.
More about Prosperous Future Holdings
Prosperous Future Holdings Limited is a company incorporated in the Cayman Islands, operating in the financial sector with a focus on money lending and credit card services. The company is expanding its operations in these areas, which involves enhancing credit card systems and improving customer service.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.85M
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