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Tailam Tech Construction Warns of Swing to H1 Loss
Tailam Techcon (06193.HK) issues profit warning: expected comprehensive loss of approximately 4.2 million yuan in the first half of the year.
Tailam Techcon (06193.HK) announced that it is expecting a comprehensive loss of about RMB 4.2 million for the six months ending on June 30, 2024, while it recorded an unaudited comprehensive surplus of about RMB 1.7 million for the six months ending on June 30, 2023. The main reason for the expected change from net profit to net loss is due to (i) a decrease in group sales, mainly caused by (a) the continuous slowdown in the construction and real estate market, resulting in a delay in project construction (especially for high stock price clients); and (b) continuous intense industry competition, which weakened the group's product.
Express News | Tailam Tech Construction - Expected Result Due to Continuous Implementation of Prudent Approach in Accepting Orders in Hy, Others
Express News | Tailam Tech Construction Sees CONSOL Loss of RMB4.2 Mln for Six Months
Dongxing Securities: Industry pattern optimized, restructuring supply and demand for new balance, leading companies in building materials and other industries ushered in a period of development opportunities.
With the overlay of industry policies, the industry structure will be optimized, and the overall industry supply will be controlled and reduced, which will establish a new balance between industry supply and demand.
CITIC Securities: The cement industry has already reached the cyclical bottom of profitability. The supply side of the glass industry is expected to improve.
The cement industry has reached the bottom of its cyclical profitability. With the clearance of small and medium-sized production capacity, the improvement of supply pattern is expected to drive the recovery of profitability.
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