HK Stock Market Move | EAGLE NICE (02368) Falls Over 11% After Profit Warning, Expects Interim Profit to Drop 40% to 45% Year-on-Year

EAGLE NICE (02368) plunged in morning trading, hitting a low of HK$2.44 intraday. As of press time, it is down 11.17% at HK$2.465, with turnover of HK$419,700. On the news front, EAGLE NICE issued a profit warning, expecting profit attributable to owners of the company for the six months ended September 30, 2026 to significantly decrease by approximately 40% to 45% compared with the profit of HK$205 million in the same period last year. The company stated that the expected significant decrease in profit is mainly attributable to rising labor and indirect production costs, weak demand caused by economic uncertainty, disruption to production scheduling caused by US tariffs, and the impact of the appreciation of the RMB against the Hong Kong dollar.