Hong Kong's online mall operator HKTN falls on weaker January sales

Hong Kong Technology Venture Co

04/02/2021 07:34

** Shares of multimedia services group Hong Kong Television
Network Ltd  1137.HK  (HKTN) fall as much as 8.6% to HK$14.80,
on track to snap four straight sessions of declines
    ** Stock, last down 6.05%, is poised for its worst day since
Jan. 11
    ** Operator of e-shopping mall says average daily order
number of its online shopping platform and offline business for
January decreased 1.7% from the previous month, while average
order value grew 0.2% from December  urn:newsml:reuters.com:*:nFWN2K90K1
    ** Says January average daily order number rose 59.4%
year-on-year with daily order value up 4.3%. They were slower
than the respective 94.1% and 8.8% growth in December
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slides 0.6%%, and the benchmark index  .HSI  slips 0.4%
    

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