Shunten International (Holdings) Ltd. (HK:0932) has released an update.
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Shunten International (Holdings) Ltd. has issued a profit warning, forecasting a significant shift from HK$10.8 million profit last year to an expected loss of up to HK$6 million for the six months ending September 2024. The downturn is attributed to weak retail market conditions in Hong Kong and Macau, coupled with decreased investment property value. Despite these challenges, the company remains focused on expanding business channels and enhancing its competitive advantages for long-term growth.
For further insights into HK:0932 stock, check out TipRanks’ Stock Analysis page.