Hong Kong's EPI hits over 8-month low on weak forecast

EPI (Holdings)

07/08/2018 04:32

** Shares of investment holding company EPI (Holdings) Ltd
 0689.HK  fall as much as 10.7 pct to HK$0.50, its lowest since
Nov 29
    ** EPI, which is also engaged in petroleum business, says it
is still in the red in the first half due to net loss on
financial assets
    ** Shares set to post biggest single-day pct decline since
April 17
    ** Co expects loss on financial assets due to fall in fair
value of its listed equity securities portfolio amid volatile
conditions of the Hong Kong stock market. It says H1 loss will
be smaller than a year ago period  urn:newsml:reuters.com:*:nFWN1UX0SB
    ** EPI has underperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 19.7 percentage points in the past one
month
    ** As of 0330 GMT, about 4.2 mln shares change hands,
compared with their 30-day moving average volume of 2.38 mln
    ** Hong Kong benchmark index  .HSI  rises 0.82 pct

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