HK-listed knitwear maker Nameson hits all-time low on weak outlook

Nameson Holdings

10/05/2019 05:25

** Shares of Nameson Holdings Ltd  1982.HK  fall as much as
9.2 pct to HK$0.59, their lowest since co's trade debut in April
2016
    ** Stock drops after the knitwear maker warns of annual loss
  
    ** Co says it expects to record a loss for the year ended
March 2019, as compared with a HK$327 mln ($41.67 mln) profit
posted a year ago, amid an impairment provision on the
intangible assets of at least HK$500 mln for the year
 urn:newsml:reuters.com:*:nFWN22L0NM
    ** The full-year results will be announced by end-June
    ** Nameson has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 3.8 percentage points in the
past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.7 pct, and the benchmark index  .HSI  climbs 0.6 pct
    ($1 = 7.8477 Hong Kong dollars)
    

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