Wai Chun Bio-Technology Ltd. (HK:0660) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Wai Chun Bio-Technology Ltd. has issued a profit warning, projecting a significant increase in net loss for the fiscal year ending June 2024, with expected losses between HK$57 million and HK$62 million. This marks a substantial rise from the HK$10 million loss recorded in the previous year, largely due to a decrease in gross profit and impairment losses. Investors are urged to exercise caution while trading the company’s shares.
For further insights into HK:0660 stock, check out TipRanks’ Stock Analysis page.