HK's restaurant chain Tsui Wah hits near 5-month low on profit fall warning

Tsui Wah Holdings

27/05/2019 02:44

** Shares of Tsui Wah Holdings Ltd  1314.HK  fall as much as
6.6% to HK$0.70, the lowest since Jan. 9, after the restaurant
chain operator warns of sharp fall in yearly profit
    ** Co expects its profit for year ended in March to fall
more than 70% from a year ago period due to a decrease in
operating revenue amid challenging business environment, rising
business development costs and operating expenses  urn:newsml:reuters.com:*:nFWN2300A4
    ** As of Friday's close, the stock of the Hong Kong-based
firm had risen 4.1% so far this year
    ** Tsui Wah has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 0.6 percentage points in the
past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slides 1% on Monday, and the benchmark index  .HSI  eases 0.4%

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