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Sunway International Holdings Limited ( (HK:0058) ) has issued an update.
Sunway International Holdings Limited has issued a profit warning, indicating an expected increase in consolidated loss by 18% to 28% for the year ended December 31, 2024, compared to the previous year. This anticipated loss is primarily due to the slumping property market in China, leading to increased impairment losses on trade and other receivables, a rise in loss on disposal of property, plant, and equipment, and the absence of goodwill impairment that was present in the previous year.
More about Sunway International Holdings Limited
Sunway International Holdings Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the manufacturing and trading business, with a market focus on the People’s Republic of China.
YTD Price Performance: -33.71%
Average Trading Volume: 428,127
Technical Sentiment Signal: Buy
Current Market Cap: HK$50M
See more data about 0058 stock on TipRanks’ Stock Analysis page.