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Sunrise Shares Holdings Ltd ( (SG:581) ) just unveiled an announcement.
Sunrise Shares Holdings Ltd. reported a revenue of $5.04 million and a net loss of $2.62 million for the 18-month period ending June 2025. The performance of The Pines Melaka hotel, acquired in May 2024, fell short of expectations due to global economic uncertainties affecting international travel. Despite this, the company remains optimistic about future growth in Malaysia’s hospitality sector, supported by government initiatives like Visit Malaysia 2026 and a significant budget allocation for tourism development.
More about Sunrise Shares Holdings Ltd
Sunrise Shares Holdings Ltd., incorporated in Singapore, operates in the hospitality industry. The company focuses on hotel management and operations, with a recent acquisition of Falcon Pace Sdn. Bhd. contributing to its revenue through The Pines Melaka hotel.
Average Trading Volume: 1,366,434
Technical Sentiment Signal: Sell
Current Market Cap: S$9.15M
Find detailed analytics on 581 stock on TipRanks’ Stock Analysis page.