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Citi reiterated its "buy" rating on Hong Kong Light - SS (02638) with a target price of HKD 6.15.
Citigroup believes that the expected US interest rate cut will bring a reappraisal of the value of Hong Kong's stock market.
Sun Kong Holdings (08631): Guo Huizhen resigned as Joint Company Secretary.
Sun Kong Holdings (08631) announced that Ms. Guo Huizhen has resigned as joint company secretary of the company...
SUN KONG HLDGS: Annual Report 2023/2024
Sun Kong Hldgs (08631) released its annual results, with a net loss of 10.6622 million Hong Kong dollars, a year-on-year narrowing of 11.6%.
Sun Kong Holdings (08631) released its annual results for the year ending March 31, 2024, with revenue of HKD 69.032 million, a year-on-year growth of 1.9%; a net loss of HKD 10.662 million, a year-on-year narrowing of 11.6%; basic loss per share of 26.66 Hong Kong cents. The group's gross margin increased from 4.8% in the year ending March 31, 2023 to 7.9% in the year ending March 31, 2024, due to selling more diesel to high-profit building customers and reducing diesel tanker driver salaries.
SUN KONG HLDGS: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 MARCH 2024
SUN KONG HLDGS: CHANGE OF DATE OF BOARD MEETING
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