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C-MER Eye Care Holdings Limited ( (HK:3309) ) just unveiled an update.
C-MER Eye Care Holdings Limited has announced a profit warning for FY2024 due to anticipated impairment losses ranging from HK$195 million to HK$215 million, attributed to weaker performance in hospitals and clinics amid fierce competition and reduced consumer sentiment. Despite the expected losses, the company anticipates strong operational cash flow driven by its dental and ophthalmic businesses, allowing for a potential dividend recommendation subject to shareholder approval.
More about C-MER Eye Care Holdings Limited
C-MER Eye Care Holdings Limited, incorporated in the Cayman Islands, operates in the medical industry focusing on eye care and dental services. The company primarily serves the Greater Bay Area with its notable ophthalmic and dental operations.
YTD Price Performance: -4.48%
Average Trading Volume: 1,707,118
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2.4B
Learn more about 3309 stock on TipRanks’ Stock Analysis page.
