HK-listed Mongolian Mining hits over 3-month low on H1 loss estimates

Mongolian Mining

20/07/2021 04:31

** Shares of Mongolian Mining Corp  0975.HK  drop 17% to
HK$1.86, lowest since April 19; set for second session of
decline
    ** Stock set for worst day since May 13; among top 10
decliners on the Hong Kong bourse
    ** The Chinese coal miner expects to post up to $15 mln
loss, excluding any extraordinary items, for the six months
ended in June as compared to a net profit of $2.7 mln the same
period in 2020  urn:newsml:reuters.com:*:nFWN2OT080
    ** Says its sales volume was hit as coal export shipments
from Mongolia to China were hit by COVID-19 curbs and limited
traffic at Sino-Mongolian border
    ** The Hong Kong composite Industry Index tracking energy
stocks  .HSCIE  falls 3.3%, and the material index  .HSCIM 
drops 4%
    ** The Hang Seng China Enterprises Index  .HSCE  eases 0.7%,
and the benchmark index  .HSI  slips 0.4%
    ** The stock had soared 83.6% this year as of last close 

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