HK cosmetic retailer Bonjour hits over decade low on H1 loss forecast

Bonjour Holdings

16/07/2019 04:28

** Shares of Bonjour Holdings Ltd  0653.HK  fall as much as
9.4% to HK$0.163, their lowest since January 2009
    ** Hong Kong-based cosmetic and healthcare products chain
operator expects a net loss for six months ended June, compared
with a profit a year earlier, amid weak sales performance due to
U.S.-China trade war and depreciation of Chinese yuan
 urn:newsml:reuters.com:*:nFWN24G0UI
    ** Co says the recent protests in Hong Kong in June and
implementation of the e-commerce law in China at the beginning
of the year has hit the mainland surrogate shopping, which
adversely affected its turnover      
    ** As of Monday's close, the stock had fallen 12.6% this
year
    ** Bonjour has underperformed the Hong Kong Hang Seng
Commerce & Industry Index sector  .HSNC  by 5.5 percentage
points in the past one month
    ** Bigger rival Sa Sa International  0178.HK  eases 1.8%, on
track for third straight session of decline
    ** The Commerce & Industry Index gains 0.5%, the Hang Seng
sub-index tracking consumer goods companies  .HSCICG  climbs
0.3%
    ** The benchmark index  .HSI  edges up 0.1%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)