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Tian Chang Group Holdings Ltd. ( (HK:2182) ) has provided an update.
Tian Chang Group Holdings Ltd. has issued a profit warning, forecasting a significant revenue decrease of approximately 23% to 24% and an expected net loss for 2024 compared to 2023. The decline is attributed to reduced sales in its integrated plastic solutions and e-cigarettes segments due to global economic challenges and cautious consumer spending. Despite these setbacks, the company does not foresee changes to its credit or liquidity risks and aims to adapt its strategies to evolving market conditions.
More about Tian Chang Group Holdings Ltd.
Tian Chang Group Holdings Ltd. operates in the integrated plastic solutions and electronic cigarettes industry, focusing on consumer products impacted by market conditions.
YTD Price Performance: -10.94%
Average Trading Volume: 215,333
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$176.7M
For detailed information about 2182 stock, go to TipRanks’ Stock Analysis page.