An update from Beijing Urban Construction Design & Development Grp Co., Ltd Class H ( (HK:1599) ) is now available.
Beijing Urban Construction Design & Development Group Co., Ltd has issued a profit warning, anticipating a significant decrease in revenue and net profit for the year 2024. The expected decline is attributed to policy adjustments in the urban rail transit industry, a slowdown in market expansion, and reduced construction revenue due to the trial run commencement of the Chongqing West Express Line Construction Project. The company’s financial results are still being finalized and may be subject to adjustments.
More about Beijing Urban Construction Design & Development Grp Co., Ltd Class H
Beijing Urban Construction Design & Development Group Co., Ltd is a company incorporated in China, primarily engaged in the urban rail transit industry. It focuses on design and construction services, with a market focus on urban rail transit lines.
YTD Price Performance: 2.78%
Average Trading Volume: 2,903
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €279.8M
For an in-depth examination of 1599 stock, go to TipRanks’ Stock Analysis page.