tiprankstipranks
Trending News
More News >

Qeeka Home Issues Profit Warning Amid Increased Investment Impairment

Story Highlights

Qeeka Home (Cayman) Inc. ( (HK:1739) ) has provided an announcement.

Qeeka Home (Cayman) Inc. has issued a profit warning, indicating an expected net loss of between RMB100.0 million and RMB140.0 million for the year ending December 31, 2024, compared to a net loss of approximately RMB96.9 million in 2023. This anticipated increase in net loss is primarily attributed to an increase in impairment of long-term investments. The company is actively monitoring market conditions and adjusting its strategies accordingly, although the final financial results are yet to be audited and confirmed.

More about Qeeka Home (Cayman) Inc.

Qeeka Home (Cayman) Inc. operates in the home improvement industry, focusing on providing services and products related to home decoration and renovation. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 20.50%

Average Trading Volume: 580,143

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$272.1M

Find detailed analytics on 1739 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App