IFBH (06603) plunged over 19% at one point during trading. As of press time, the stock was down 13.68% to HK$34.7, with a turnover of HK$93.75 million.

On the news front, IFBH released its interim results for 2025. The group achieved revenue of US$94.464 million, representing a year-on-year increase of 31.49%. Profit attributable to owners of the parent company stood at US$14.976 million, down 4.82% year-on-year. Adjusted net profit reached US$18.9 million, up 13.9% year-on-year. Earnings per share were 6.7 US cents.

The announcement noted that for the six months ended June 30, 2025, gross profit was US$31.8 million, an increase of 15.3% year-on-year. The gross margin for the six months ended June 30, 2025, was 33.7%, compared to 38.4% for the same period in 2024, representing a decline of 4.7 percentage points. The decrease in gross margin was primarily due to the appreciation of the Thai baht against the US dollar during the reporting period, which had an adverse impact from foreign exchange fluctuations.