HK's sportswear maker Eagle Nice dips most in 11 months on weak H1 forecast

Eagle Nice (International) Holdings

26/10/2021 05:57

** Shares of sportswear and garments maker Eagle Nice
(International) Holdings Ltd  2368.HK  fall as much as 7.6% to
HK$4.26, on track for their biggest daily percentage drop since
Nov. 30, 2020 
    ** Stock hits lowest level since Feb. 25, down for a second
straight session
    ** Co expects to record a 25% to 30% decrease in net profit
for the six months ended in September, compared to HK$230.8 mln
($29.6 mln) profit a year earlier  urn:newsml:reuters.com:*:nFWN2RL0ZG
    ** Says the decrease is due to an increase in the costs of
production, transportation and a temporary production suspension
in Vietnam amid COVID-19 curbs 
    ** Says H1 results expected to be released on Nov. 12
    ** The Hang Seng Commerce & Industry Index  .HSNC  slips
0.4%, and the benchmark Hans Seng Index  .HSI  eases 0.4%
    ** As of last close, stock had risen 17.6% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))