HK-listed Analogue drops most in over 4 years on weak earnings estimates

Analogue Holdings

10/11/2023 06:26

** Shares of building services firm Analogue Holdings
 1977.HK  drop 12.8% to HK$1.16
    ** Stock heading for its biggest one-day pct drop since July
2019, if losses hold
    ** Stock sinks to its lowest since March 14
    ** Analogue estimates a 48.6% to 54.3% YoY drop in 2023
consolidated profit attributable to owners, excluding the
positive impact of dilution gain
    ** Co says it will make a HK$122 mln ($15.63 mln) provision
after assessing performance of certain 3-yr healthcare contracts
that started in Q2
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 2%,
Hang Seng Index  .HSI  down 1.6%


($1 = 7.8073 Hong Kong dollars)

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