Auto firm China Yongda hits 21-month low on profit fall

China Yongda Automobiles Services Holdings

29/10/2018 02:20

** Shares of China Yongda Automobiles Services Holdings Ltd
 3669.HK  fall as much as 19.4 pct to HK$4.32, the lowest since
January 2017, after the passenger vehicle maker posts weaker
performance in the January-September period  
    ** The stock later trims losses to HK$4.53, still down 15.5
pct and on track for its worst day since listing in July 2012
    ** Co says nine-month net profit falls 11.2 pct to 937 mln
yuan ($135 mln) while revenue rises 10.9 pct  urn:newsml:reuters.com:*:nFWN1X618M
    ** That compared with a 19.4 pct growth in revenue and an
over 70 pct jump in net profit for the first nine months of 2017
    ** As of the last close, the stock has fallen 40.4 pct so
far this year
    ** China Yongda Automobiles has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 12.0 percentage
points in the past one month
    ** The Hong Kong benchmark index  .HSI  edges down 0.04 pct
    ($1 = 6.9464 Chinese yuan)

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