Tenfu (Cayman) Holdings Co (HK:6868) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Tenfu (Cayman) Holdings Co. has issued a profit warning, anticipating a 35% to 45% decline in profit for 2024 compared to 2023, primarily due to reduced revenue stemming from changes in consumer spending and a general economic downturn. The company is implementing cost-saving measures to mitigate the impact. Investors are advised to exercise caution when dealing with the company’s securities.
For further insights into HK:6868 stock, check out TipRanks’ Stock Analysis page.