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Sandmartin International Holdings Limited ( (HK:0482) ) just unveiled an update.
Sandmartin International Holdings Limited reported unsatisfactory financial results for the year ended December 31, 2024, with a revenue of approximately HK$648.7 million and a loss of HK$58.5 million. The company faced challenges due to tight global monetary policies and the ongoing China-US trade war, which affected profit margins despite increased revenue. In response, Sandmartin is sourcing from Southeast Asian suppliers to avoid US tariffs on Chinese products and is seeking to diversify its income sources by exploring opportunities in emerging markets.
More about Sandmartin International Holdings Limited
Sandmartin International Holdings Limited is a company incorporated in Bermuda with limited liability, operating in the manufacturing sector. The company focuses on producing and distributing various products, with a market focus that includes navigating geopolitical challenges such as the China-US trade war.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$109.5M
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