Sports apparel firm China Dongxiang drops most in over 10 yrs on H1 loss view

China Dongxiang (Group) Co

05/11/2021 05:11

** Shares of sports apparel and footwear retailer China
Dongxiang (Group) Co Ltd  3818.HK  plunge 13.6% to HK$0.70, the
lowest since Jan. 13 and biggest daily pct drop since July 2011
    ** Stock is sixth-biggest pct decliner on Hong Kong bourse
and the second-biggest on Hang Seng Composite Index  .HSCI  
    ** Beijing-based co expects to post net loss of ~800 mln
yuan ($125 mln) for six months ended in Sept vs 1.11 bln yuan
profit a year earlier, with sales hit by COVID-19 outbreaks and
an increase in expenses  urn:newsml:reuters.com:*:nFWN2RU2DM
    ** The Hang Seng consumer goods and services index  .HSCGSI 
gains 0.5%, and the Composite Industry Index tracking consumer
staples  .HSCICS  climbs 0.8%
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
index  .HSI  both fall 1%
    ** As of last close, Dongxiang stock up 2.03% this year


($1 = 6.4005 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))