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Cheung Woh warns of Q4 loss

HARD disk drive component maker Cheung Woh Technologies expects to post a loss for its fourth quarter ended February 2016, it said in a profit guidance statement on Thursday.

This follows the "realisation of foreign currency translation differences on the striking-off of a subsidiary", the mainboard-listed company added in its Singapore Exchange filing.

However, it said it still expects to make a full-year profit.

Cheung Woh shares closed flat at 22.5 Singapore cents on Thursday before its profit guidance.

sentifi.com

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