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

Dongyue

28/10/2020 05:44

** 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)