Shenzhen International hits near 3-year low on weak earnings estimates
BUZZ-Shenzhen International hits near 3-year low on weak earnings estimates ** Shares of Chinese toll highways operator Shenzhen International 0152.HK drop 13.2% in the tenth straight falling session to HK$4.92, their lowest point since October 2023
** Stock last down 10%, on track for its biggest one-day pct decline since March 26
** Company, with current market capitalisation of $1.6 billion, expects to record H1 net loss of HK$190 million-HK$240 million ($24.22 million-$30.59 million), as compared to a HK$490 million profit a year ago, amid fair value loss of investment properties and associate loss, among others
** YTD, stock down 40.9%, while the benchmark Hang Seng Index .HSI up 0.7%
($1 = 7.8453 Hong Kong dollars)
(Reporting by Donny Kwok)
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