China's Huayi Tencent falls most in 5 months on bigger H1 loss estimate

Hony Media

18/08/2022 06:33

** Shares of Chinese healthcare and wellness centre operator
Huayi Tencent Entertainment Co Ltd  0419.HK  fall as much as
5.7% to HK$0.20
    ** Stock to mark its biggest daily pct decline since March
14 if losses hold, hits lowest since Aug. 10
    ** Tencent-backed co expects H1 net loss of HK$140 mln
($17.85 mln), compared with a HK$9 mln loss a year ago, amid
losses from newly acquired internet healthcare business and in
entertainment and media business  urn:newsml:reuters.com:*:nFWN2ZT19Z
    ** However, co expects revenue to jump by about 2.7 times to
HK$673 mln due to growing contribution from online prescription
and smart healthcare services platforms 
    ** Tencent  0700.HK  shares rise 3.6% 
    ** The Hang Seng sub-index tracking information technology
firms  .HSCIIT  climbs 0.8%, while the Hang Seng Tech Index
 .HSTECH  slips 0.6%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both down 0.3%

($1 = 7.8437 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))