HK-listed Fosun Tourism falls most in a month on H1 loss forecast

Fosun Tourism

21/04/2021 07:51

** Shares of China's Fosun Tourism Group  1992.HK  fall as
much as 6.3% to HK$11.88, on course to snap two consecutive
sessions of gains
    ** Stock last down 6.2%, on track for the worst session
since March 23 
    ** Shanghai-based leisure and holiday tourism business group
expects to record losses for the first half of 2021 as pandemic
will continue to have a significant negative impact on its
business volume during the period  urn:newsml:reuters.com:*:nFWN2MD10V
    ** Says business volume of its resorts and destination
operations and tourism and leisure services and solutions
dropped 74.5% y/y in Q1 to 1.06 bln yuan ($163.3 mln) at
constant exchange rate  
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 2.3%
    ** The Hang Seng China enterprises index  .HSCE  slips 1.8%,
and the benchmark index  .HSI  eases 1.7%
    ** As of last close, stock had surged 53.7% this year
    ($1 = 6.4933 yuan)

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