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Sheen Tai Holdings Group Co. Ltd. ( (HK:1335) ) has provided an update.
Sheen Tai Holdings Group Co. Ltd. has issued a profit warning, indicating an expected loss of up to HK$40 million for the year ending December 2024, compared to a HK$13.4 million loss in 2023. This increase in net loss is primarily attributed to a rise in impairment loss of trade and other receivables, with final figures pending professional assessment. The company advises shareholders and potential investors to exercise caution, as the financial results are still being finalized and are subject to adjustments.
More about Sheen Tai Holdings Group Co. Ltd.
Sheen Tai Holdings Group Co. Ltd. is a company incorporated in the Cayman Islands, operating with its subsidiaries in various sectors. The company’s primary focus is not explicitly detailed in the announcement, but it is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -46.96%
Average Trading Volume: 875,890
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$289.7M
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