K. WAH INT'L (00173) saw its stock price plummet by 5.39% during intraday trading on Thursday, as investors reacted to the company's recently released half-year financial results and concerns over potential tariff impacts.
The Hong Kong-based property developer reported a net income attributable of HKD 114 million for the first half of the year, with revenue standing at HKD 1,052 million. While the company didn't provide comparative figures, the market's reaction suggests these results may have fallen short of investor expectations.
Adding to the bearish sentiment, K. WAH INT'L declared an interim dividend of 2 HK cents per share, which might be viewed as conservative by some shareholders. Furthermore, the company anticipates that tariffs will impact the prices of core goods, initially in the second half of 2025. This forward-looking statement has likely contributed to investor concerns about the company's future profitability and growth prospects.