HK-listed EC Healthcare drops on weak earnings estimates

EC Healthcare

20/06/2023 07:20

** Shares of EC Healthcare  2138.HK  drop as much as 11.1%
to HK$4.34, their lowest since June 2
    ** Stock on track for biggest one-day pct decline since
October 2018 if losses hold; fifth biggest pct loser in the Hang
Seng Composite Index  .HSCI  
    ** Chinese medical and healthcare services provider says it
expects net profit to fall up to 61% YoY for fiscal year ended
in March amid an increase in operating costs, interest expenses
and capital expenditure on expansion of medical facilities
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
2.5% and the healthcare index  .HSCIH  drops 4.6%
    ** The Hang Seng Composite Index declines 1.9% and the Hang
Seng Index  .HSI  falls 1.8%
    ** As of last close, the stock had dropped 39.2% this year

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