Property developer CNQC hits 10-week low on weak earnings forecast

CNQC International Holdings

07/03/2019 07:30

** Shares of CNQC International Holdings Ltd  1240.HK  fall
as much as 5.2 pct to HK$1.63, the lowest since Dec 28, after
the Singapore-focused property developer forecast sharp fall in
annual profit
    ** Co expects its 2018 net profit to fall 50 pct from a year
earlier due to a decrease in sales of development properties in
Singapore  urn:newsml:reuters.com:*:nFWN20T09C
    ** Full-year results will be published by end of March
    ** The Hang Seng sub-index tracking property firms  .HSNP 
down 0.4 pct
    ** The Hong Kong benchmark index  .HSI  eases 0.8 pct

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