Konka Group's investment is seen as highly risky due to sign...

Moomoo AI Dec 1, 2023 08:55

Konka Group's investment is seen as highly risky due to significant liabilities and an EBIT loss of CN¥3.1b. With recent revenue contraction, low liquid assets and a CN¥2.5b burn-through, a turnaround for the company appears unlikely.

Health Check: How Prudently Does Konka Group (SZSE:000016) Use Debt?

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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