China property developer Agile at over 4-month low on loss forecast

Agile group

22/03/2023 07:22

** Shares of Chinese property developer Agile Group Holdings
Ltd  3383.HK  fall as much as 6.5% to HK$1.87, their lowest
since Nov. 10, 2022 
    ** Stock is the second-biggest pct decliner in Hang Seng
Composite Index on properties and construction stocks  .HSCIPC  
    ** Guangdong-based developer expects its loss attributable
to shareholders for 2022 to be in the range of 14 bln yuan to 15
bln yuan ($2.03 bln - $2.18 bln), compared with 6.7 bln yuan
profit in 2021, due to a decline in sales
    ** The Hang Seng Mainland Properties Index  .HSMPI  jumps
3.1% and the Hang Seng Composite Index tracking properties and
construction stocks  .HSCIPC  surges 2.03%
    ** The Hang Seng Composite Index  .HSCI  climbs 1.6% and the
Hang Seng Index  .HSI  rises 1.9%
    ** As of last close, Agile stock has fallen 13.4% this year


($1 = 6.8890 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))