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Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) has provided an update.
Red Star Macalline Group Corporation Ltd has issued a profit warning, indicating expected losses between RMB1,770 million and RMB2,130 million for the first half of 2025. The company attributes these losses to challenges in the home furnishings market, including supply fluctuations and declining demand, which have impacted shopping mall operations. In response, the company has adjusted its strategy, providing rent reductions to support small businesses and attracting high-quality brands. Despite a decline in occupancy rates and rental levels, the company anticipates a rebound in demand due to national stimulus policies and aims to improve operational efficiency.
More about Red Star Macalline Group Corporation Ltd Class H
Red Star Macalline Group Corporation Ltd is a leading enterprise in the home furnishings retail sector, operating in the home furnishing and building materials industry. The company focuses on retail operations through shopping malls, offering a range of products and services including home decoration and new energy vehicle brands.
Average Trading Volume: 8,791,336
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.66B
For a thorough assessment of 1528 stock, go to TipRanks’ Stock Analysis page.