HK's container maker Singamas hits 3-year low on weak outlook

Singamas Container Holdings

23/01/2020 04:53

** Shares of Singamas Container Holdings Ltd  0716.HK  fall
as much as 4.7% to HK$0.82, their lowest since December 2016
    ** The container maker says it expects to post a net loss of
$95 mln for 2019, compared with a $72.3 mln profit in 2018, amid
intense competition and a fall in container's selling price with
trade tensions affecting demand  urn:newsml:reuters.com:*:nFWN29R09C
    ** Co expects the upcoming financial year to remain
challenging
    ** Singamas Container has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 4.1 percentage
points in the past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 2.3%
    ** The Hong Kong benchmark index  .HSI  declines 1.7%

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