BUZZ-China Traditional Chinese Medicine fall on weak H1 forecast
Reuters
Jul 28
BUZZ-<a href="https://laohu8.com/S/CHIZF">China Traditional Chinese Medicine</a> fall on weak H1 forecast
** Shares of China Traditional Chinese Medicine Holdings 0570.HK fall 6.5% to HK$2.17, on track for the biggest one-day pct drop since April 7
** Stock touches the lowest since July 2, on course for the second consecutive session of decline
** The traditional Chinese medicine (TCM) maker, with current market capitalisation of $1.42 billion, expects H1 net profit to drop 165%-175% y/y amid intensified market competition in concentrated TCM granules business, among others
** Hong Kong's healthcare index .HSCIH rises 1.4%, benchmark Hang Seng Index .HSI adds 0.6%
** YTD, stock down 0.2%
($1 = 7.8487 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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