Chinese food producer Zhou Hei Ya hits over 3-week low on weak profit view

Zhou Hei Ya International Holdings

31/01/2019 01:57

** Shares of Zhou Hei Ya International Holdings Co Ltd
 1458.HK  fall as much as 10.3 pct to HK$3.38, the lowest since
Jan 8, after the braised duck-related food producer warns of
lower profit for 2018 
    ** Hubei-based co expects 2018 profit to fall 30 pct from a
year ago amid an increase in raw material costs and a decrease
in profit margin at store level  urn:newsml:reuters.com:*:nFWN1ZU0NF
    ** Co says profit also hit by an increase in depreciation
and energy consumption costs of its Hebei Zhou Hei Ya Foods
Industrial Park Co Ltd which began operation last April
    ** Zhou Hei Ya has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 0.8 percentage points in the
past month
    ** The Hang Seng sub-index tracking consumer goods companies
 .HSCICG  rises 1 pct and the Hang Seng China enterprises index
 .HSCE  climbs 0.9 pct

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