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Hong Kong stocks surge | Xingkong Huawen (06698) fell more than 4% in intraday trading to a new low, with expected half-year revenue slashed and losses expanding by more than HKD 53.5 million.
During trading, Xingkong Huawen (06698) fell more than 4%, hitting a new low since its listing at HKD 2.84, as of press time it has fallen by 3.02% to HKD 2.89, with a turnover volume of HKD 2.0954 million.
Risks Still Elevated At These Prices As Star CM Holdings Limited (HKG:6698) Shares Dive 27%
Hong Kong stocks abnormal trading | Xingkong Huawen (06698) fell more than 9% to a new low. The revenue for the first half of the year is expected to be halved and losses doubled.
Sinoland (06698) fell more than 9%, reaching a new low since its listing at HKD 2.95. In just one year, the market cap of the stock has dropped from nearly HKD 50 billion to the current HKD 1.2 billion.
Star CM Holdings Sees Wider Net Loss in H1
STAR CM Holdings Anticipates Lower Revenues
Xingkong Huawen (06698) issue profit warning, expecting a net loss of approximately 53.5 million yuan to 58.5 million yuan in the medium term.
Starry Chinese (06698) has issued an announcement that the group expects to achieve revenue for the six months ending on June 30, 2024...
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