HK's BYD Electronic falls on weak earnings outlook

Byd Electronic (International)

27/02/2019 07:47

** Shares of BYD Electronic International Co Ltd  0285.HK 
fall as much as 10.6 pct to HK$10.32, lowest since Feb 19, 
after the mobile intelligent terminal components maker warns of
lower profit for 2018 
    ** Co expects its 2018 profit to fall 13-16 pct from the
previous year, amid weak demand in the mobile handset market and
increased investments in research and development of new
business  urn:newsml:reuters.com:*:nFWN20L17D
    ** As of last close, stock had risen 17.3 pct this year
    ** BYD Electronic has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 15.8 pct points in the past
month
    ** The Hong Kong benchmark index  .HSI  edges down 0.2 pct

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