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Time Watch Investments Ltd. ( (HK:2033) ) just unveiled an announcement.
Time Watch Investments Ltd. has issued a profit warning, indicating an expected loss of approximately HK$17 million for the fiscal year ending June 2025, compared to a profit of HK$33.6 million in the previous year. This downturn is attributed to a 22% decrease in revenue due to weakened consumer sentiment in China’s retail market and fair value losses on investment properties amid weak property markets in Hong Kong and China.
The most recent analyst rating on (HK:2033) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Time Watch Investments Ltd. stock, see the HK:2033 Stock Forecast page.
More about Time Watch Investments Ltd.
Time Watch Investments Ltd. is a company incorporated in the Cayman Islands, primarily involved in the watch industry. It focuses on the retail market, particularly in China, and has investments in property markets in Hong Kong and China.
Average Trading Volume: 223,658
Technical Sentiment Signal: Hold
Current Market Cap: HK$730.6M
For a thorough assessment of 2033 stock, go to TipRanks’ Stock Analysis page.