The latest update is out from Power Financial Group Limited ( (HK:0397) ).
Minerva Group Holding Limited has issued a profit warning, anticipating a consolidated net loss of no less than HK$48.4 million for FY2024, a considerable improvement from the HK$104.1 million loss recorded the previous year. The losses are primarily attributed to a HK$74.7 million decline in the fair value of financial assets, particularly in the healthcare sector, exacerbated by challenging economic conditions in Hong Kong, including reduced GDP growth and rising credit and bankruptcy issues. This development indicates ongoing economic and sector-specific challenges impacting the Group’s financial performance.
More about Power Financial Group Limited
Minerva Group Holding Limited operates in the investment sector, focusing on financial assets and securities. The Group’s investment activities include both listed and unlisted equity investments, with a significant involvement in the healthcare sector.
YTD Price Performance: -10.0%
Average Trading Volume: 2,240,192
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$202.9M
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