HK-listed Dynam drops on flagging business hit from COVID-19

Dynam Japan Holdings

28/05/2020 06:35

** Shares of game machines company Dynam Japan Holdings Co
Ltd  6889.HK  fall as much as 7.6% to HK$7.21, their lowest
since March 25
    ** Stock on track for biggest intraday pct decline since Aug
2015
    ** Japan-based company says it will not make a profit for
June quarter due to business suspension amid COVID-19 pandemic,
but will make a profit for September quarter as operations
resume  urn:newsml:reuters.com:*:nFWN2D90TL
    ** Says its pachinko halls will resume operations from June;
Pachinko is a type of mechanical game which is used as both an
arcade game and a gambling device
    ** As of last close, the stock had fallen 23.4% so far this
year
    ** Dynam has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 6.9 percentage points in the past month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
drops 2.9%, and the benchmark index  .HSI  falls 1.8%

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