Kingdom Holdings Signals Profit Turnaround on Rebound in Linen Market
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Kingdom Holdings Limited (HK:0528) has issued a positive profit alert, expecting a net profit of at least RMB60 million for 2025, a significant recovery from a net loss in 2024. This turnaround is attributed to rising linen yarn prices and increased domestic consumption in China. While the figures are preliminary and subject to audit, the alert indicates improved operating performance and a stronger competitive position in the linen yarn sector. Analysts currently rate the stock as a Hold with a price target of HK$0.96.
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