Shares of TRAD CHI MED Holdings Co Ltd (00570.HK) tumbled 5.85% in pre-market trading on Thursday, following the company's profit warning announcement on Tuesday.
The traditional Chinese medicine company said it expects a 50-60% decrease in adjusted net profit and a staggering 90-100% drop in net profit for the full year.
The dismal profit outlook has cast a shadow over TRAD CHI MED's performance, leading to a significant sell-off in the stock. Investors are likely concerned about the company's ability to maintain profitability and sustain its business operations.
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