Want Want China slips on weak earnings outlook; Citi cut price
27/07/2026 03:43
BUZZ-Want Want China slips on weak earnings outlook; Citi cut price ** Shares of Want Want China Holdings 0151.HK slip 3.8% on the second declining session to HK$3.31, their lowest point since July 15
** China-based rice crackers and beverage producer expects its net profit for three months ended in June to drop 38% y/y, revenue to fall 6% y/y and results for six months ending in September 2026 to be "negatively affected"
** Citi, with "Buy" rating on the stock, cuts TP to HK$4.1 from HK$4.3 saying 1QFY27 profit warning worse than expected
** YTD, stock down 25.9%, benchmark Hang Seng Index .HSI down 1.9%
(Reporting by Donny Kwok)
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