China Investments Holdings Limited ( (HK:0132) ) has shared an update.
Hing Yip Holdings Limited, a company listed on the Hong Kong Stock Exchange, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a decrease in profit to approximately HK$123,998,000, down from HK$155,936,000 in the previous year. This decline is mainly due to a significant reduction in profit from discontinued operations, a decrease in the share of profit from an associate, and an increase in income tax expenses. Despite some positive financial adjustments, such as a decrease in loss on the fair value of financial assets and reduced lease interest expenses, the overall financial outlook for the company is less favorable. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
More about China Investments Holdings Limited
YTD Price Performance: -5.56%
Average Trading Volume: 82,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$633.6M
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