On June 18th, Guo Lianhui reported that Tsui Wah Hldg (1314.HK) rose by more than 14% to HKD 0.208 in the intraday trading, reaching a new high since the end of November 2023. However, the transaction volume was still light, with less than HKD 2 million so far. The group announced a profit and expected the company's attributable net profit to be no more than HKD 42 million until the end of March this year. The expected profit is mainly due to the recovery of business in mainland China and Macao from the negative impact of the new coronavirus in 2019. Although the group recorded an attributable net profit of about HKD 60,6 million for the fiscal year ending March 31, 2023, the group will record a loss of about HKD 23.6 million if the income from the sale of properties in Hong Kong by the group disclosed in the letter dated May 27, 2022 is not counted.
港股异动丨发盈喜，翠华控股一度大涨超14%创近7个月新高
Hong Kong stocks surge: Tsui Wah Holdings rose more than 14% at one point to reach a new 7-month high after announcing positive earnings.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.