Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
An announcement from Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) is now available.
Red Star Macalline Group Corporation Ltd. has issued a profit warning, projecting significant losses for the year 2024, primarily due to the ongoing economic fluctuations affecting the real estate sector and strategic business adjustments. Despite these challenges, the company is optimistic about future growth opportunities, supported by government stimulus measures and a rebound in consumer demand, aiming to improve operational efficiency and performance.
More about Red Star Macalline Group Corporation Ltd Class H
Red Star Macalline Group Corporation Ltd. is a leading player in the home furnishing retail industry in China. The company is involved in the operation of shopping malls, focusing on home furnishing products and services. It has also diversified its offerings by incorporating new categories such as new energy vehicles.
YTD Price Performance: -9.05%
Average Trading Volume: 344
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.64B
For an in-depth examination of 1528 stock, go to TipRanks’ Stock Analysis page.
