China's personal hygiene products maker Hengan falls on weak H1

Hengan International

22/08/2019 08:14

** Shares of Chinese personal hygiene products and tissue
maker Hengan International Group Co Ltd  1044.HK  fall as much
as 4.7% to HK$54.05, after 3 straight sessions of gains 
    ** Fujian-based company, with market value of HK$64.78
billion ($8.26 billion), says H1 profit falls 3.6% while revenue
increases 6.3%  urn:newsml:reuters.com:*:nFWN25H0VY
    ** Company expects the wood pulp prices to stay at low
levels in the second half and that will ease cost pressure and
help improve gross profit margin
    ** Says China's sanitary napkin market is heading for
saturation and that it will consider industrial expansion and
gradually exporting its brand products to overseas market 
    ** As of Wednesday's close, the stock has fallen 0.5% this
year
    ** Hengan has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 6.3 percentage points in the past one
month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.6%, while the Hang Seng sub-index tracking consumer
goods companies  .HSCICG  gains 0.6% on Thursday
    ** The Hang Seng China enterprises index  .HSCE  slides
0.6%, and the benchmark index  .HSI  falls 1%


($1 = 7.8425 Hong Kong dollars)

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