Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest update is out from Convenience Retail Asia Limited ( (HK:0831) ).
Convenience Retail Asia Limited has issued a profit alert, indicating an expected decline in profits by 60% to 70% for the year ended December 2024 compared to HK$58 million in 2023. The downturn is attributed to economic challenges in Hong Kong, increased competition from eyewear stores, startup costs in Singapore, and restructuring costs in Guangzhou. Despite the financial hit, the company maintains a healthy financial position.
More about Convenience Retail Asia Limited
Convenience Retail Asia Limited operates in the retail industry, focusing primarily on convenience stores and related services. The company is incorporated in the Cayman Islands and is listed on the Stock Exchange of Hong Kong.
YTD Price Performance: 1.22%
Average Trading Volume: 324,482
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$322.6M
For detailed information about 0831 stock, go to TipRanks’ Stock Analysis page.
