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Shin Hwa World Limited ( (HK:0582) ) has issued an update.
Shin Hwa World Limited has issued a profit warning, anticipating an increase of up to 12% in consolidated net loss for the first half of 2025 compared to the same period in 2024. This expected loss is attributed to a decline in revenue from its integrated resort and gaming business due to pressure on room prices and reduced customer spending, as well as a decrease in the fair value of its investment properties. The company is also assessing potential impairment losses on intangible assets, which may further impact its financial results.
More about Shin Hwa World Limited
Shin Hwa World Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the integrated resort and gaming industry, focusing on providing hospitality and entertainment services.
Average Trading Volume: 902,001
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$255.6M
For detailed information about 0582 stock, go to TipRanks’ Stock Analysis page.