HK's financial firm Emperor Capital hits 11-week low on bleak H1 forecast

Emperor Capital

29/04/2019 03:45

** Shares of Emperor Capital Group Ltd  0717.HK  fall as
much as 7.6 pct to HK$0.365, their lowest since Feb 12
    ** Stock down after the broking and financial service firm
warns of a sharp fall in fiscal first-half net profit 
    ** Hong Kong-based firm expects substantial decrease in net
profit for six months ended in March amid impairment allowances
for margin loans made on certain clients, and a decline in
revenue due to weakening investment sentiment  urn:newsml:reuters.com:*:nFWN2280PP
    ** Co will release its interim results in late-May
    ** As of last close, stock up 11.3 pct so far this year
    ** Emperor Capital has underperformed the Hang Seng Finance
Index sector  .HSNF  by 4.3 percentage points in the past one
month
    ** The Hang Seng Finance Index  .HSNF  gains 0.6 pct, and
the benchmark index  .HSI  climbs 0.5 pct

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