Progressive Path Group Holdings Issues Profit Warning Amidst Market Challenges
Progressive Path Group Holdings Ltd. has issued a profit warning for the six months ending September 2025, citing a 25% revenue drop due to reduced construction activities and machinery rentals, and increased market competition affecting profit margins. The latest analyst rating for the stock is a Buy with a HK$0.50 price target. The company focuses on construction works and machinery rental services, involved in significant projects like the three-runway system and Kai Tak Sports Park.
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An update from Progressive Path Group Holdings Ltd. ( (HK:1581) ) is now available.
Progressive Path Group Holdings Ltd. has issued a profit warning, indicating a significant decrease in profit for the six months ending September 2025, compared to the same period in 2024. The decline is attributed to a 25% drop in revenue due to reduced construction activities and machinery rentals, alongside increased market competition affecting profit margins. This announcement suggests potential challenges for the company in maintaining its market position amidst a subdued construction market.
The most recent analyst rating on (HK:1581) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Progressive Path Group Holdings Ltd. stock, see the HK:1581 Stock Forecast page.
More about Progressive Path Group Holdings Ltd.
Progressive Path Group Holdings Ltd. operates in the construction industry, focusing on construction works and machinery rental services. The company is involved in significant projects like the three-runway system and the Kai Tak Sports Park, indicating a focus on large-scale infrastructure developments.
Average Trading Volume: 475,849
Technical Sentiment Signal: Hold
Current Market Cap: HK$65.57M
Learn more about 1581 stock on TipRanks’ Stock Analysis page.
