China's BAIC Motor slides on weak 2024 earnings outlook

Baic Motor

21/03/2025 03:02

** BAIC Motor 1958.HK slides 11.6% to HK$2.28, lowest since February 7

** Stock set for biggest one-day pct decline since March 25, 2024; second biggest pct loser on Hang Seng Composite Index .HSCI, which is down 1.1%

** Chinese passenger cars maker expects 68.6% y/y drop in 2024 net profit due to fewer vehicles sales amid heightened competition and its increased investment

** Hang Seng Commerce & Industry Index .HSNC falls 1.4%, Hang Seng Index .HSI slips 1.1%

** Stock down 5% YTD

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))