HK-listed tissue maker Vinda drops most in over 3 months on weak Q3

Vinda International Holdings

22/10/2021 04:15

** Shares of tissue and napkins producer Vinda International
Holdings Ltd  3331.HK  fall 10.3% to HK$21, biggest intraday
drop since July 16 
    ** Stock falls to the lowest since Aug. 26 on the second
session of decline; the biggest percentage decliner on the Hang
Seng Composite Index  .HSCI  
    ** Co said Q3 EBITDA fell 19.6% from a year ago period to
HK$666 mln ($85.7 mln), with EBITDA margin reduced by 5.5 ppts
to 16.2%, as consumption growth slowed in the region amid
COVID-19 resurgence and flooding in certain cities in China
 urn:newsml:reuters.com:*:nFWN2RH1OR
    ** Says it will strengthen its leading market position by
investing in brand building, capacity upgrade, commercial
capabilities improvement and optimization of product mix
    ** The Hang Seng composite index tracking consumer staples
 .HSCICS  climbs 0.2%, and the Hang Seng Composite Index  .HSCI 
gains 0.5%
    ** The Hang Seng China Enterprises Index  .HSCE  rises 0.9%,
and the benchmark index  .HSI  up 0.3%
    ** The stock had gained 10.6% this year as of last close

    


($1 = 7.7751 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))