HK's Esprit hits near 2-month low on bigger full-year loss outlook

Esprit Holdings

22/06/2018 03:33

** Shares of Esprit Holdings Ltd  0330.HK  fall 6.5 pct to
HK$2.30, their lowest since April 23
    ** The apparels group expects to record up to HK$2.27
bln($289.4 mln) loss before interest and taxation for fiscal
year ending in June, against HK$102 mln loss a year ago, due to
impairment of assets, weaker sales, provisions for store
closures and inventory.  urn:newsml:reuters.com:*:nFWN1TN09G
    ** Company says set to release final results in September
    ** As of 0225 GMT, about 5.3 mln shares of the apparel chain
have been traded, compared with their 30-day moving average of
4.53 mln shares
    ** Among the four analysts that cover Esprit, the current
average rating is "hold" - one "strong buy" or "buy", two "hold"
and one "sell" or "strong sell". The mean price target is
HK$3.91
    ** Hong Kong benchmark index  .HSI  falls 0.3 pct
    
 ($1 = 7.8446 Hong Kong dollars)

 (RM: donny.kwok.thomsonreuters.com@reuters.net)