BUZZ-China Travel hits 4-week low on first-half loss forecast

Reuters
Aug 04
BUZZ-<a href="https://laohu8.com/S/CTVIF">China Travel</a> hits 4-week low on first-half loss forecast

** Shares of China Travel International Investment 0308.HK fall 6.8% to HK$1.65, their lowest since July 8, and on course for a second session of decline

** Chinese operator of theme parks, scenic spots, cable car systems, skiing facilities and resorts says it expects to post at least HK$70 mln ($8.92 mln) loss for six months ended in June, compared to HK$63 mln profit a year earlier

** Says loss due to a decrease in fair values of investment properties and provision for impairment for subsidiaries

** The Hang Seng Consumption Index .HSCGSI adds 0.6%, the Hang Seng Index .HSI gains 0.5%

** YTD, stock up 68%

($1 = 7.8496 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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