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Tsui Wah Holdings Ltd. ( (HK:1314) ) has shared an announcement.
Tsui Wah Holdings Ltd. has issued a profit warning, anticipating a significant decline in profits for the financial year ending March 2025, with an expected drop of 50% to 70% compared to the previous year. This decline is attributed to challenging economic conditions in Hong Kong and mainland China, increased competition in the food and beverage sector, a rise in northbound travel from Hong Kong, and the ongoing US-China trade tensions.
More about Tsui Wah Holdings Ltd.
Tsui Wah Holdings Ltd. operates in the food and beverage industry, focusing on providing dining services primarily in Hong Kong and mainland China. The company is known for its chain of restaurants offering a variety of Asian cuisines.
Average Trading Volume: 645,379
Technical Sentiment Signal: Buy
Current Market Cap: HK$311.6M
For an in-depth examination of 1314 stock, go to TipRanks’ Overview page.