HK's Wonderful Sky hits 6-mth low on weak earnings forecast

Wonderful Sky Financial group

25/06/2018 03:33

** Shares of financial public relations services provider
Wonderful Sky Financial Group Holdings Ltd  1260.HK  fall 10
percent to HK$1.17, their lowest since Dec. 21
    ** Company expects its net profit for year ended in March to
fall 50 percent as compared with the previous year due to a drop
in revenue as the number of large-scale initial public offerings
in Hong Kong decreases, while provision for doubtful debt 
increases  urn:newsml:reuters.com:*:nFWN1TO0AI
    ** As of 0224 GMT, about 52,000 shares of the Hong
Kong-based company have been traded, compared with their 30-day
moving average of 431,930 shares a day
    ** Hong Kong benchmark index  .HSI  falls 0.3 percent

 (RM: donny.kwok.thomsonreuters.com@reuters.net)