An update from Pegasus International Holdings Limited ( (HK:0676) ) is now available.
Pegasus International Holdings Limited has issued a profit warning, anticipating a loss before taxation of US$1,500,000 for the year ended 31 December 2024, compared to a profit of US$120,000 in 2023. This expected loss is primarily due to a fair value loss of approximately US$2,800,000 in the Group’s investment properties, attributed to a downturn in the property market in China. Despite this, the company maintains a healthy cash position of approximately US$8,800,000, indicating stable operations and cash flow.
More about Pegasus International Holdings Limited
Pegasus International Holdings Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Stock Exchange of Hong Kong and engages in various business activities, including investment in properties.
Average Trading Volume: 149,600
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$635.7M
For detailed information about 0676 stock, go to TipRanks’ Stock Analysis page.