Smart Globe Forecasts Profit Turnaround on Surging Africa-Focused Logistics Revenue
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Smart Globe Holdings Ltd. (HK:1481) has issued a positive profit alert, forecasting a turnaround from a net loss of HK$12 million in 2024 to a net profit of HK$10 million to HK$16 million for the year ending December 31, 2025. This shift is attributed to a surge in revenue from supply chain management services, expected to reach HK$108 million to HK$114 million, driven by strong logistics demand in Sub-Saharan Africa. However, revenue from its printing segment is projected to decline. The latest analyst rating for the stock is a Hold with a price target of HK$3.00.
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