3DG HOLDINGS (02882) issued a profit warning, expecting an annual net loss of approximately HK$130 million to HK$140 million for shareholders.

22:18 23/09/2024

King's Group (02882) announced that the board of directors expects the financial statements for the year ended June 30, 2024...

3DG HOLDINGS (02882) announced that the board of directors expects the company's shareholders' share of losses for the fiscal year ending June 30, 2024 to be between approximately HK$130 million and HK$140 million, while the loss for the fiscal year ending June 30, 2023 was approximately HK$90 million. The board of directors believe that the increase in losses is mainly due to the surge in gold prices leading to hedging losses, affecting the fair value of gold loans.

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HK Stock Market Move | Technology stocks continue to probe lower, with Alibaba Group (09988) falling more than 4% and Tencent Holdings (00700) dropping nearly 2%.

Citigroup raises the target price of Jiangxi Copper (00358) to HK$39.8 as copper and gold prices are expected to increase, driving up gross profit.