PanAsialum Holdings Company Limited provided earnings guidance for the ten months ended October 31, 2019. For the period, the company expects an increase in loss before income tax in the consolidated financial results of the Company of approximately 108%, as compared to the loss before income tax of approximately HKD 188 million for the corresponding period in 2018. The Board believes that the said increase in the loss before income tax is primarily due to a decrease in gross profit contribution due to trade war and fierce market competition; higher finance cost from borrowings associated with the Group's on-going acquisitions and expansion; an increase in operating expenses especially the increase in employee benefit expenses; and an increase in operating expense due to the relocation of the Company's production facilities.