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SY Holdings Projects Over 30% Profit Increase for 2024
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SY Holdings Projects Over 30% Profit Increase for 2024

Story Highlights
  • SY Holdings expects over a 30% profit increase for 2024 due to platform technology service revenue growth.
  • The company enhances its market position through strategic e-commerce investments and supply chain technology integration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

SY Holdings Group Limited ( (HK:6069) ) has shared an update.

SY Holdings Group Limited announced a positive profit alert, expecting over a 30% increase in profit for the year ending December 31, 2024, compared to the previous year. This growth is attributed to an increase in revenue from platform technology services, expansion in platform business scale, and strategic investments in the e-commerce segment. The company has strengthened its market position by serving national pillar industries and integrating technology into the supply chain to offer inclusive financial services. The Group’s ability to maintain profitability for eleven consecutive years underscores the sustainability of its platform strategy, and it plans to continue investing in research and development to support the real economy.

More about SY Holdings Group Limited

SY Holdings Group Limited operates in the supply chain technology sector with a focus on inclusive finance and digital finance businesses. The company leverages digital platforms to enhance financial services, particularly for small and medium-sized enterprises (SMEs), and has expanded into strategic industries like cross-border e-commerce. It has built a strong ecosystem with over 18,100 SME clients and partnerships with more than 10 large central state-owned enterprises.

YTD Price Performance: 3.08%

Average Trading Volume: 4,743,381

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$7.4B

For a thorough assessment of 6069 stock, go to TipRanks’ Stock Analysis page.

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