HK-listed Global New Material slips after forecasting loss
11/08/2026 06:33
BUZZ-HK-listed Global New Material slips after forecasting loss ** Shares of Global New Material International 6616.HK fall 4.9% to HK$8.48, on course to their biggest one-day pct decline since July 23
** Stock touches its lowest point since August 6, snapping seven consecutive sessions of gains
** Surface performance materials producer expects a loss of 50 million yuan to 100 million yuan ($7.41 million-$14.83 million) for the six months ended June, compared with a profit of 100 million yuan a year ago
** YTD, stock down 16.2%, while the benchmark Hang Seng Index .HSI up 0.7%
($1 = 6.7444 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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HK-listed Global New Material slips after forecasting loss
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