The Zhitong Finance App learned that Eagle Beauty (02368) fell sharply in early trading, with an intraday low of HK$2.44. As of press release, it fell 11.17% to HK$2.465, with a turnover of HK$419,700.

According to the news, Eagle Hairdressing Profitability expects that in the six months ending September 30, 2026, the profit attributable to the company's owners will be drastically reduced by about 40% to 45% compared to the profit of HK$205 million for the same period last year. The company pointed out that the expected sharp decline in profit is mainly due to rising labor and indirect production costs, weak demand due to economic uncertainty, disruptions in production schedules due to US tariffs, and the impact of the appreciation of the RMB against the Hong Kong dollar.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.