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An update from Teamway International Group Holdings Limited ( (HK:1239) ) is now available.
Teamway International Group Holdings Limited has issued a profit warning, anticipating a 20% to 30% increase in losses for the fiscal year ending December 31, 2024, compared to the previous year. This projected loss is attributed to a decrease in sales due to weakened demand and a reduced gross profit margin stemming from diminished economies of scale.
More about Teamway International Group Holdings Limited
Teamway International Group Holdings Limited, incorporated in the Cayman Islands, operates in the packaging industry, providing packaging products and structural components. The company is listed on the Hong Kong Stock Exchange and focuses on serving a diverse customer base.
YTD Price Performance: -7.50%
Average Trading Volume: 2,194,664
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$58.4M
Find detailed analytics on 1239 stock on TipRanks’ Stock Analysis page.