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Hopefluent Group Issues Profit Warning Amid Real Estate Market Downturn

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An announcement from Hopefluent Group Holdings ( (HK:0733) ) is now available.

Hopefluent Group Holdings Limited has issued a profit warning, anticipating a loss of HK$250 million to HK$300 million for the year ending December 31, 2024. This expected loss is attributed to decreased revenue from its property real estate agency business due to a market downturn and increased competition. The financial results are still being finalized and have not been audited, with the final announcement expected in late March 2025. Stakeholders are advised to exercise caution when dealing with the company’s shares.

More about Hopefluent Group Holdings

Hopefluent Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the property real estate agency business. The company operates in a competitive market environment and is affected by the overall trends and downturns in the real estate market.

Current Market Cap: $100.6M

Learn more about 0733 stock on TipRanks’ Stock Analysis page.

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