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Quam Plus International Financial Limited Issues Profit Warning for 2024

Story Highlights
  • Quam Plus anticipates a consolidated loss before tax of no more than HKD68 million for 2024.
  • The loss is mainly due to the disposal of its investment in HealthKonnect, impacting profits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Quam Plus International Financial Limited Issues Profit Warning for 2024

Confident Investing Starts Here:

China Tonghai International Financial Limited ( (HK:0952) ) has issued an announcement.

Quam Plus International Financial Limited, together with its subsidiaries, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a consolidated loss before tax of no more than HKD68 million, primarily due to the disposal of its investment in HealthKonnect Medical and Health Technology Management Company Limited. Excluding this loss, the company would record a profit before tax of at least HKD27 million, a decrease from the previous year’s profit due to a one-off settlement of loan balances in 2023. Shareholders and potential investors are advised to exercise caution.

More about China Tonghai International Financial Limited

YTD Price Performance: -7.50%

Average Trading Volume: 57,072

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.14B

For detailed information about 0952 stock, go to TipRanks’ Stock Analysis page.

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