Understanding the Market | Emperor Group stocks decline again, EMPEROR WATCH&J drops over 20%, EMPEROR INT'L continues to fall 6% during the session

EMPEROR GROUP stocks fell again in the morning session. As of the time of publication, EMPEROR WATCH&J dropped 20.45% to HKD 0.35; EMPEROR CULTURE fell 7.5% to HKD 0.037; EMPEROR INT'L decreased by 4.76% to HKD 0.2. In terms of news, EMPEROR INT'L released its full-year performance announcement for the 2024/2025 fiscal year last week. For that year, EMPEROR INT'L's total revenue from continuing operations was HKD 1.376 billion, an increase of 41.47% year-on-year; the loss attributable to shareholders was HKD 4.743 billion, an increase of 131.75% year-on-year. Notably, this full-year performance report from EMPEROR INT'L received a non-standard report from auditor Deloitte: no opinion on the group's consolidated financial statements. Deloitte pointed out that EMPEROR INT'L recorded a loss of HKD 4.84 billion in the last fiscal year, and as of the end of March, a total of HKD 16.6 billion in bank borrowings had become overdue, potentially violating several terms of the loan agreements. Banks may require immediate repayment of the borrowings. Therefore, the aforementioned bank borrowings were classified as current liabilities as of the end of March. Deloitte stated that this event may raise significant doubts about the group's ability to continue as a going concern, hence no opinion was issued on its performance