China's Xlx Fertiliser hits near 4-month low on H1 earnings outlook

China XLX Fertiliser

07/07/2022 06:37

** Shares of China Xlx Fertiliser Ltd  1866.HK  fall as much
as 8.7% to HK$5.36, the lowest since March 16, and on course for
a second session of losses
    ** Stock marks biggest intraday pct drop since April 20 
    ** The Henan, China-based compound and urea fertilizer
manufacturer expects its net profit for six months ended June to
increase 40%-50% to 1.25 bln yuan-1.33 bln yuan ($186.56
mln-$198.50 mln) year-on-year  urn:newsml:reuters.com:*:nFWN2YM14X
    ** Outlook fails to lift sentiment as it compares with a
massive 237% jump in H1 net profit of 889 mln yuan   urn:newsml:reuters.com:*:nFWN2PD14P
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.2%, while the Hang Seng Composite Index  .HSCI  slips 0.2% and
the benchmark Hang Seng Index  .HSI  eases 0.1%
    ** As of last close, China Xlx stock up 10.1% this year

    ($1 = 6.7003 Chinese yuan)

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