China Cinda falls most in 16 months on weak earnings outlook
04/08/2026 08:06
BUZZ-China Cinda falls most in 16 months on weak earnings outlook ** Shares of China Cinda Asset Management 1359.HK fall 7% to HK$0.925, on course for the biggest one-day pct decline since April 2025
** Stock hits the lowest level since June 30, snapping six consecutive sessions of losses
** China-based financial asset management group, with current market capitalisation of $4.60 bln, expects its net profit attributable for six months ended in June to drop 60%-70% y/y
** YTD, stock down 26.2%, while benchmark Hang Seng Index .HSI up 0.7%
($1 = 7.8427 Hong Kong dollars)
(Reporting by Donny Kwok)
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