The Zhitong Finance App learned that Baguio Green Group (01397) later fell 20%. As of press release, it fell 20% to HK$0.74, with a turnover of HK$2.782 million.

According to the news, Baguio Green Group announced that the expected profit after tax for the six months ending June 30, 2026 is between HK$27 million and HK$30 million, a decrease of about 54% to 49% from HK$58.8 million for the six months ending June 30, 2025. The decline was mainly due to lower earnings and gross margins, due to increased competition for several government contracts, and extremely aggressive and commercially unsustainable pricing by some market participants.

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