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189 - Dongyue News Story

HK$6.36 0.1  1.0%

Last Trade - 9:08am

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.24bn
Enterprise Value £1.21bn
Revenue £1.12bn
Position in Universe 770th / 6087

BUZZ-HK-listed Dongyue set for worst day in 3-1/2 months on weak earnings outlook

Wed 28th October, 2020 5:44am
** Shares of chemical products maker  0189.HK  fall as much
as 8.6% to HK$3.07, their lowest since Oct. 14; on track for
fourth consecutive session of decline
    ** Stock last down 5.7%, heading for worst day since July 16
    ** Shandong-based firm expects its net profit for nine
months ended in September to fall 60% y/y due to drop in market
prices of its fluoropolymer, refrigerant and organic silicone
products amid COVID-19 pandemic  urn:newsml:reuters.com:*:nFWN2HI0XG
    ** Hang Seng China enterprises index  .HSCE  slid 0.2% and
benchmark index  .HSI  edges down 0.1%
    ** As of last close, stock had fallen 22.2% this year 

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