Soho China sees worst day in over 2 years on FY results

SOHO China

20/03/2018 07:03

** Shares of commercial property developer Soho China
 0410.HK  slide nearly 10 percent, their biggest intraday pct
fall since 2015
    ** Soho China reported earlier on Tuesday annual net profit
more than quadrupled to 4.7 billion yuan ($743 million), helped
by higher valuation gains on investment properties which stood
at 7.1 billion yuan versus 1.3 billion yuan in 2016
    ** The board did not recommend final dividend for the year
ended Dec. 31, 2017     
    ** As of 0540 GMT, about 15.51 million shares of the
Beijing-based company have been traded, compared with their
30-day moving average of 7.07 million shares a day
    ** Among the 10 analysts that cover Soho China, the current
average rating on the shares is "hold"; the breakdown of
recommendations is 4 "strong buy" or "buy", three "hold" and
three "sell" or "strong sell"; the mean price target is HK$4.58
    ** Shares hit their lowest level since Feb. 20

 (Reuters
Messaging:annemarie.roantree.thomsonreuters.com@reuters.net)