HK-listed intimate wear maker Cosmo Lady hits near 3-week low on loss forecast

Cosmo Lady (China) Holdings Co

24/12/2019 03:41

** Hong Kong-listed Chinese intimate wear maker Cosmo Lady
(China) Holdings Co Ltd's shares  2298.HK  fall as much as 11.5%
to HK$0.92, their lowest since Dec. 5
    ** Stock on track for a fourth straight session of decline 
    ** Co expects to record at least 980 mln yuan ($139.8 mln)
loss for the year ending in December 2019, compared to a 378 mln
yuan profit in 2018, amid a slowing China economy and domestic
demand  urn:newsml:reuters.com:*:nFWN28X077
    ** As of Monday's close, stock had fallen 61.2% this year
    ** Guangdong-based Cosmo Lady has underperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 10.8 percentage
points in the past month
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  edge down 0.1%    

($1 = 7.0107 Chinese yuan)

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