Summary by Moomoo AI
Tam International Limited ("Tam International") has issued a profit warning, expecting the shareholders' share of profits for the six months ending on September 30, 2024 to decrease by about 50% to 60% compared to the same period last year. The company pointed out that the profitability of its Hong Kong business has declined due to economic challenges and a wave of closures in the dining industry, while also facing significant challenges in the mainland China and Singapore markets, including intense competition and uncertain economic conditions. Tam International emphasized that the above preliminary information has not been audited and reminded shareholders and potential investors to exercise caution when buying or selling company shares. The company expects to announce detailed mid-term performance in November 2024.
