An announcement from Heng Hup Holdings Ltd. ( (HK:1891) ) is now available.
Heng Hup Holdings Limited announced a significant expected increase in net profit for the year ending December 31, 2024, with an anticipated growth of 145% to 195% compared to the previous year. This profit surge is attributed to reduced costs of scrap ferrous metals and stable selling prices, alongside higher demand and increased sales volume, enhancing the company’s profitability and market position.
More about Heng Hup Holdings Ltd.
Heng Hup Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the scrap ferrous metals industry. The company focuses on trading and processing scrap ferrous metals, catering to the demand for these materials.
YTD Price Performance: -7.22%
Average Trading Volume: 888,189
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$167M
See more insights into 1891 stock on TipRanks’ Stock Analysis page.