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152 — SHENZHEN INTERNATIONAL HOLDINGS News Story

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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)

((donny.kwok@thomsonreuters.com))

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