Stock Track | Nayuki Shares Plunge on Expected H1 Loss of Up to 490 Million Yuan

Stock Track08-05

Shares of Nayuki Holdings Ltd. (HKG:2150), the popular Chinese tea chain operator, plummeted as much as 17.05% during intraday trading on Friday, following the company's announcement of an expected net loss of 420 million to 490 million yuan for the first half of 2024.

In a filing with the Hong Kong Stock Exchange, Nayuki cited slower consumer demand, higher cost pressures at the store level, and the closure of some stores as the primary reasons for the anticipated substantial loss.

The disappointing financial outlook has raised concerns among investors about the company's ability to navigate the challenging economic environment and maintain profitability. Nayuki's shares closed the trading session at HK$1.48, down 15.91% from the previous close.

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