SEM Holdings Limited (HK:9929) has released an update.
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SEM Holdings Limited has issued a profit warning, anticipating a net loss of HK$9.1 million for the first half of 2024, a significant downturn from a net profit of HK$4.5 million in the same period of the previous year. The company attributes this expected loss to decreased gross profit margins and a slowing construction market in Hong Kong. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:9929 stock, check out TipRanks’ Stock Analysis page.