China's vaping device maker Smoore falls on weak earnings outlook

Smoore International Holdings

02/02/2023 04:09

** Shares of China's vaping device maker Smoore
International  6969.HK  fall as much as 3.3% to HK$11.76,
marking the biggest daily pct decline since Jan. 30
    ** Guangdong-based co says it expects total comprehensive
income to drop 46.7%-56.4% year-on-year in 2022 with net profit
down 46.8%-56.2% from the previous year
    ** Co, with current market value of $9.43 bln, says the
sharp plunge was due to decrease in product prices for major
clients and a drop in revenue in the Chinse and the U.S. markets
 urn:newsml:reuters.com:*:nFWN34H1D5
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises 1%
and the Hang Seng consumer goods and services index  .HSCGSI 
gains 0.5%
    ** The Hang Seng Composite Index  .HSCI  climbs 0.7% and the
benchmark Hang Seng Index  .HSI  is up 0.6%
($1 = 7.8412 Hong Kong dollars)
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))