HK-listed Nanjing Sample Tech hits 5-year low on weak earnings outlook

Nanjing Sample Technology Co

19/03/2020 06:00

** Shares of identification device company Nanjing Sample
Technology Co Ltd  1708.HK  plunge as much as 46.7% to HK$2.20,
the lowest since April 2015
    ** The stock later trims loss to HK$3, still down 27.4%,
heading for the worst day since its debut in June 2004 
    ** Stock sixth-biggest percentage decliner among all listed
companies on Hong Kong bourse in early afternoon 
    ** Jiangsu-based company expects profit for year ended 2019
to fall 35%-50% from 2018, partly due to a decrease in revenue
from system integration and intelligent terminal sales
 urn:newsml:reuters.com:*:nFWN2BB0ZU
    ** Says final results will be published by end-March
    ** As of previous close, stock had fallen 41.3% so far this
year
    ** Nanjing Sample Technology has outperformed Hang Seng
Commerce & Industry Index  .HSNC  by 0.8 percentage points in
past month
    ** Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 1.2%
    ** Hang Seng China enterprises index  .HSCE  drops 3.7%, and
benchmark index  .HSI  down 3.2%

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