China Merchants Port falls most in near 2 months on weak H1 outlook

China Merchants Port Holdings

02/08/2023 03:42

** Shares of container terminal operator China Merchants
Port Holdings Co Ltd  0144.HK  fall 5.2% to HK$10.16, their
lowest since July 19, on course to snap three consecutive
sessions of gains
    ** Stock marks the biggest one-day pct drop since June 9, if
losses hold, and is the second-biggest pct loser in Hang Seng
Composite Index, which tracks industrials stocks  .HSCIIG  
    ** Co expects its H1 net profit to fall by not less than 30%
YoY amid decrease in share of profits of certain associates and
joint ventures 
    ** Hang Seng Composite Index tracking industrials  .HSCIIG 
climbs 0.2%, while Hang Seng Composite Index  .HSCI  and Hang
Seng Index  .HSI  both fall 1.1%
    ** As of last close, stock down 6.3% this year

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