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Kwan Yong Holdings Announces Positive Profit Alert Amid Rising Singapore Construction Demand

Story Highlights
  • Kwan Yong Holdings forecasts a significant profit increase due to rising construction demand.
  • The anticipated profit rise is based on unaudited accounts and might change in the final report.
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Kwan Yong Holdings Limited ( (HK:9998) ) has shared an update.

Kwan Yong Holdings Limited, a company listed on the Hong Kong Stock Exchange, has announced a positive profit alert for the six months ended December 2024. The company expects a significant increase in net profit, attributed to a rise in construction demand in Singapore. The anticipated net profit is approximately SGD 2.0 million, compared to SGD 0.2 million in the previous year. However, these figures are based on preliminary unaudited accounts and may vary in the final report.

More about Kwan Yong Holdings Limited

YTD Price Performance: 18.18%

Average Trading Volume: 175,277

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$104M

See more insights into 9998 stock on TipRanks’ Stock Analysis page.

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