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Best Linking Group Holdings Limited ( (HK:9882) ) has provided an update.
Best Linking Group Holdings Limited has issued a profit warning, anticipating a significant decline in net profit by 75% to 85% for the financial year ended December 31, 2024, compared to the previous year. This decline is attributed to reduced market demand in Hong Kong and the ASEAN region due to economic downturns and uncertainties, as well as changes in product mix affecting profit margins. The company has not finalized its results, and shareholders are advised to exercise caution.
More about Best Linking Group Holdings Limited
Best Linking Group Holdings Limited operates in the manufacturing industry, focusing on producing and sourcing slewing rings, mechanical parts, and components. The company also deals in machinery and minerals, with a market focus on Hong Kong and the ASEAN region.
YTD Price Performance: -6.25%
Average Trading Volume: 47,450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$600M
Find detailed analytics on 9882 stock on TipRanks’ Stock Analysis page.