** Shares of China Resources Medical Holdings 1515.HK drop 9% to HK$1.01, on track for biggest one-day pct decline since April 7
** Stock hits its lowest in a month; top pct loser on Hong Kong's healthcare index .HSCIH, which is down 0.9%
** The Chinese hospital management services provider and distributor of medicines and medical devices expects its profit for the six months ended June to drop 20%-25% y/y
** Says the drop in profit is due to the decrease in operating profit of member medical institutions, which is, in turn, caused by a lower average medical insurance fee per visit
** "The company will continue to proactively improve the revenue structure, promote management refinement and control operating costs" -Co
** YTD, stock down 6.3%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.