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TAI HING GROUP (06811.HK) expects that the profit attributable to shareholders in 2024 will be approximately 60 million to 65 million Hong Kong dollars.
Gelonghui reported on March 7 that TAI HING GROUP (06811.HK) announced that the group expects to record a profit attributable to shareholders of approximately HKD 60 million to HKD 65 million for the year ending December 31, 2024, compared to a profit attributable to shareholders of approximately HKD 93.836 million for the year ended December 31, 2023. Based on currently available information, the Board of Directors believes that the expected decline in profit attributable to shareholders is mainly due to: (1) the continued weakness of the business environment throughout the year, ongoing consumer spending trends by Hong Kong residents in mainland China, along with the sluggish performance of the dining industry in mainland China, leading to consumption downgrading in both regions.
Express News | Tai Hing Group - Expects Profit Attributable of HK$60-65 Million for 2024
TAI HING GROUP: PROFIT WARNING
TAI HING GROUP (06811) canceled 33.98 million repurchased shares on February 28.
TAI HING GROUP (06811) announced the cancellation of 33.98 million repurchased shares on February 28, 2025. ...
Hong Kong stocks movement | Dining stocks mostly rose in the morning as the State Council executive meeting discussed measures to boost consumer-related work. Focus on the sector's terminal demand recovering.
Most Dining stocks rose in the morning session. As of the time of writing, JIUMAOJIU (09922) increased by 8.33%, reporting at 3.12 Hong Kong dollars; Hailunsi (09869) rose by 5.26%, reporting at 2.2 Hong Kong dollars; Xiaocaiyuan (00999) increased by 4.21%, reporting at 10.16 Hong Kong dollars; XIABUXIABU (00520) rose by 2.15%, reporting at 0.95 Hong Kong dollars.
Debon Securities: Policies emphasize boosting Consumer and focus on the subsequent demand recovery.
The bank recommends focusing on leading companies in sectors that have strong control over upstream and downstream supply chains, channels, and products amid fundamental changes, as well as sectors where year-round profits are likely to exceed expectations due to cost advantages.
