JiaXing Gas Group Co. Ltd. Class H (HK:9908) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
JiaXing Gas Group Co., Ltd. has issued a profit warning indicating a significant decrease in profit for the first half of 2024, with expected reductions of 40%-53% from the previous year. The decline is primarily due to a drop in gross profit from subsidiary Hangjiaxin, as international liquefied natural gas prices fell. Shareholders and potential investors are cautioned to exercise prudence when dealing in the company’s shares.
For further insights into HK:9908 stock, check out TipRanks’ Stock Analysis page.