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1806 - Huifu News Story

HK$2.3 -0.0  -1.3%

Last Trade - 18/09/20

Sector
Industrials
Size
Small Cap
Market Cap £297.9m
Enterprise Value £134.9m
Revenue £401.7m
Position in Universe 1550th / 5985

BUZZ-HK-listed payment firm Huifu heads for worst day in 2 yrs on weak H1

Fri 17th July, 2020 7:19am
** Shares of payment service provider Huifu Ltd  1806.HK 
fall 14.7% to HK2.50, their lowest since July 8, after the
Shanghai-based company flags loss in H1
    ** The stock heads for the worst day since July 2018
    ** Stock ranks the fifth biggest percentage decliner among
all listed companies on the Hong Kong bourse 
    ** Co expects to post 95-115 million yuan ($13.6-$16.4 mln)
loss for H1 2020, as compared with 142 mln yuan profit in H1
2019, due to decrease in revenue from traditional payment
services amid the COVID-19 pandemic  urn:newsml:reuters.com:*:nFWN2EM15M
    ** By last close, the stock had risen 17.7% this year
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.4%, and the benchmark index  .HSI  gains 0.2%
 ($1 = 7.0012 Chinese yuan)

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