20 January 2025

TK Group issued a positive profit alert citing that the company expected to record an increase of not less than 20% in FY24 net profit. Such increase in net profit was mainly attributable to 1) a rebound in the company’s overseas businesses and a significant growth in the revenue generated from domestic business; 2) no less than 20% YoY increase in revenue from the plastic components manufacturing business and in particular, significant increase in revenue of mobile phones and wearable devices and 3) the improvement in the company’s operational efficiency.

CROSBY Research – TK Group (2283 HK/ NR): Rebound in domestic and overseas sales drove FY24 growth