Hong Kong restaurant chain Tsui Wah slides 8 pct on weak H1 outlook

Tsui Wah Holdings

05/11/2018 05:15

** Shares of Tsui Wah Holdings Ltd  1314.HK  fall 7.9 pct to
HK$0.70, after the Hong Kong restaurant chain operator forecast
a sharp fall in six-month profit 
    ** The stock is set for its worst day since June 2016
    ** Co expects to post a more than 50 pct drop in profit for
the April-September period amid declining revenue, rising labour
costs and operating expenses (https://bit.ly/2ySAG7f)
    ** The firm is set to publish its first-half results by end
of November
    ** As of the last close, the stock has fallen 32.3 pct so
far this year
    ** The Hong Kong benchmark index  .HSI  falls 2.5 pct

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