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Sky Blue 11 Shifts Financial Year-End to June 30 to Ease Reporting Pressure

Story Highlights
  • Sky Blue 11 is changing its financial year-end from December 31 to June 30 immediately.
  • The company expects smoother reporting and no material impact, but urges investor caution during transition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sky Blue 11 Shifts Financial Year-End to June 30 to Ease Reporting Pressure

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An announcement from Balk 1798 Group Limited ( (HK:1010) ) is now available.

Sky Blue 11 Company Limited has changed its financial year-end from 31 December to 30 June with immediate effect, meaning its next audited financial statements will cover an 18‑month period from 1 January 2025 to 30 June 2026, with updated reporting deadlines for interim and annual results. The board says the shift is intended to ease pressure on internal workflows and improve access to external services by avoiding peak reporting periods and the disruption around Chinese New Year, and does not expect any material adverse impact on the group, though shareholders and potential investors are urged to exercise caution when dealing in the company’s shares during the transition.

The most recent analyst rating on (HK:1010) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Balk 1798 Group Limited stock, see the HK:1010 Stock Forecast page.

More about Balk 1798 Group Limited

Sky Blue 11 Company Limited is a Bermuda-incorporated company listed on the Stock Exchange of Hong Kong, operating through a group structure with both executive and independent non-executive directors overseeing its governance. The announcement concerns changes to its financial reporting timetable rather than its underlying business activities, and no specific industry or product focus is disclosed in the release.

Average Trading Volume: 1,481,666

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$42.65M

For detailed information about 1010 stock, go to TipRanks’ Stock Analysis page.

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