HK-listed computer casings maker Ju Teng hits 14-mth low on weak earnings estimates

Ju Teng International Holdings

10/06/2021 06:46

** Shares of notebook computers' casings manufacturer Ju
Teng International Holdings Ltd  3336.HK  fall as much as 4.2%
to HK$1.60, their lowest since April 2020, on course for the
fourth straight session of decline
    ** Expects to post a net profit of up to HK$30 mln ($3.9
mln) for six months ending June 30, compared with the HK$227 mln
profit a year earlier  urn:newsml:reuters.com:*:nFWN2NR0F3
    ** Says low gross profit margin of its plastic casing
products, an increase in operating costs and a significant
foreign exchange loss amid appreciation of yuan hit earnings,
but adds financial position remains strong
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
climbs 0.6%, while the material index  .HSCIM  edges down 0.1%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  gain 0.4%
    ** As of last close, the stock had fallen 28% this year
    ($1 = 7.7594 Hong Kong dollars)

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