China Yongda Automobiles at around 3-1/2 year low on weak quarterly profit

China Yongda Automobiles Services Holdings

26/10/2022 09:05

** Shares of passenger vehicles distributor China Yongda
Automobiles Services Holdings Ltd  3669.HK  fall as much as
13.2% to HK$4.01, their lowest since January 2019.
    ** Stock set for the biggest daily pct decline since October
2018 if losses hold; biggest percentage decliner in Hang Seng
Composite Index  .HSCI . 
    ** Says Q3 net profit attributable to owners of the company
down 22.9% year-on-year to 487 mln yuan ($67.12 mln)
 urn:newsml:reuters.com:*:nL8N31Q3F2.
    ** That compares with a 31.5% growth the same period in 2021
 urn:newsml:reuters.com:*:nFWN2RL106.
    ** Hang Seng consumer goods and services index  .HSCGSI 
surges 1.6%, Hang Seng Composite Index  .HSCI  rises 1.4% and
Hang Seng Index  .HSI  climbs 1%.
    ** As of last close, the stock had fallen 55.8% this year.
($1 = 7.2560 Chinese yuan renminbi)
 (Reporting by Donny Kwok, Editing by Louise Heavens)
 ((donny.kwok@thomsonreuters.com))