Jujiang Construction Group Co., Ltd. Class H (HK:1459) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Jujiang Construction Group Co., Ltd. warns of a potential decrease in net profit ranging between 40% to 60% for the first half of 2024, citing a downturn in the property market and increased impairment losses as primary reasons. The preliminary financial data, which has not yet been audited, suggests both revenue and gross profit have also fallen. Investors are advised to exercise caution and look forward to the interim results announcement due on 16 August 2024.
For further insights into HK:1459 stock, check out TipRanks’ Stock Analysis page.