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An announcement from Aoyuan Healthy Life Group Co. Ltd. ( (HK:3662) ) is now available.
Starjoy Wellness and Travel Company Limited has issued a profit warning, indicating an expected decrease of up to 50% in net profit for the year ending December 31, 2024, compared to the previous year. This decline is attributed to a strategic shift from aggressive expansion to a defensive approach, focusing on existing project management due to the real estate market’s ongoing challenges and economic downturn. The company has withdrawn from low-profit, high-risk projects and made provisions for impairments on receivables, which has significantly impacted net profit. The company anticipates stabilizing performance in the next one to two years.
More about Aoyuan Healthy Life Group Co. Ltd.
YTD Price Performance: 14.58%
Average Trading Volume: 1,579,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$392.2M
For detailed information about 3662 stock, go to TipRanks’ Stock Analysis page.