Yangzijiang Financial falls 14.5% to 2-year low on expected reversal into red
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Yangzijiang Financial shares fell 14.5% to a two-year low of S$0.295 on February 26, following news of expected losses for the second half and full fiscal year. The decline, with 25.5 million shares traded, marks a significant drop from the previous closing price of S$0.345. The company anticipates a reversal from FY2024 net profit due to substantial credit loss allowances identified in its debt investment portfolio.
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