A Singamas Container Holdings factory in Qidong. The company issued a profit warning on July 26, saying it expected a net loss of US$35 million for the six months ended June 30. Photo: Bloomberg
Profits of Hong Kong-listed firms at risk as US-China trade war rages
- More than two dozen Hong Kong-listed firms have issued profit warnings because of trade war effects since the end of June
- The tensions are affecting business sentiment and corporate investment, analysts say
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Hong Kong company reporting season
A Singamas Container Holdings factory in Qidong. The company issued a profit warning on July 26, saying it expected a net loss of US$35 million for the six months ended June 30. Photo: Bloomberg