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TSUI WAH HLDG Once Spikes 14% as Full-yr Profit Expected to Be Max. $42M
Recommend 4 Positive 7 Negative 5 |
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TSUI WAH HLDG (01314.HK) opened 5.5% higher at $0.192 today (18th), and once spiked 14.3% to a high of $0.208 in the morning session. The stock last printed at $0.199, up 9.34%, with 6.738 million shares traded, involving $1.307 million. The Company issued a positive profit alert expecting to record a profit of not more than $42 million for the financial year ended March, mainly attributable to the rebound of China and Macau business as a result of the recovery from the negative impact of the COVID-19 pandemic. Despite that the Group recorded a profit of $60.6 million for 2023, the Group would have recorded a loss of $23.6 million excluding a gain on disposal of certain properties in Hong Kong. AAStocks Financial News |
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