HK-listed C-Mer Eye Care at all-time low on weak H1 outlook

C-Mer Medical Holdings

20/08/2018 05:07

** Stock of ophthalmic services provider C-Mer Eye Care
Holdings Ltd  3309.HK  fall as much as 16.6 pct to HK$4.76, its
all-time low since listing in January, after it warns of lower
H1 profit  
    ** Co expects H1 profit to fall 50-60 pct amid additional
operating costs of its newly operated eye hopsital in Beijing,
and an exchange loss due to yuan depreciation  urn:newsml:reuters.com:*:nFWN1V80KS
    ** C-mer Eye Care has underperformed the Hang Seng Commerce
& Industry Index sector  .HSNC  by 16.6 percentage points in the
past one month
    ** As of 0342 GMT, about 4.36 million shares of the
ophthalmic services firm change hands, compared with their
30-day moving average of 1.09 million shares a day
    ** Hong Kong benchmark index  .HSI  rises 0.9 pct

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