Shanghai MicroPort MedBot hits lowest in over 3-mths on FY loss forecast

Shanghai MicroPort MedBot (Group)

02/03/2023 04:01

** Shares of surgical instruments developer Shanghai
MicroPort MedBot Group Co Ltd  2252.HK  fall as much as 8.4% to
HK$27.80, their lowest since Nov. 29
    ** Stock set for biggest daily pct decline since Jan. 17;
fourth-biggest pct loser in Hang Seng Composite Index  .HSCI  
    ** Company says it expects a loss-making trend for 2022,
expects net loss of up to 1.15 bln yuan ($166.8 mln) 
    ** Says revenue is expected to jump 850% from the previous
year as it made progress in marketing and commercialization of
its flagship products despite recurrence of COVID-19 pandemic
    ** Hang Seng Commerce & Industry Index  .HSNC  slips 0.8%
and healthcare index  .HSCIH  falls 1.1%
    ** Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  both slip 0.5% 



($1 = 6.8960 Chinese yuan renminbi)

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