Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
REM Group (Holdings) Ltd. ( (HK:1750) ) just unveiled an announcement.
REM Group (Holdings) Limited has issued a profit warning, anticipating a significant decrease in net profit for the year ending December 31, 2024, compared to the previous year. The expected profit decline is attributed to a 15.6% drop in revenue, primarily due to reduced sales orders from the low-voltage electrical power distribution and control devices sector, which has been impacted by decreased construction activity and economic uncertainties in the real estate and infrastructure sectors.
More about REM Group (Holdings) Ltd.
REM Group (Holdings) Limited operates in the electrical industry, focusing on low-voltage electrical power distribution and control devices. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange, serving markets affected by construction and infrastructure activities.
YTD Price Performance: 65.22%
Average Trading Volume: 880,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$68.4M
For a thorough assessment of 1750 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue