Alco Holdings Limited provided earnings guidance for the six months ending September 30, 2019. For the period, the group is expected to record a net loss in the range of HKD 190 million to HKD 220 million for the six months ending September 30, 2019. Net loss for the corresponding period last year was approximately HKD 181 million. The expected increase in net loss of the Group was mainly due to the following reasons: Sales of the Group are expected to drop by approximately 45%. The decrease in sales is that, since USA is company's main market, the trade war between USA and China has further dampened the sentiment of buyers in placing orders during the period. Keen price competition caused an erosion of gross margin during the period. In order to continue to create the brand awareness of AVITA, Nexstgo and VAIO notebook products, extensive advertising and promotion expenses have been spent during the period.