HK's Wuling Motors hits near six-year low on lean H1 outlook

Wuling Motors Holdings

17/07/2018 04:11

** Shares of Wuling Motors Holdings Ltd  0305.HK  drop as
much as 12.1 pct to HK$0.40, their lowest since October 2012
    ** The engine manufacturer expects its H1 profit to plunge
60 pct from a year-ago period due to reduction in business
volume of its engines and parts division, lower revenue from
automotive components division, and a decrease in gross profit
margin  urn:newsml:reuters.com:*:nFWN1UC0GQ
    ** About 1.2 mln shares change hands, compared with their
30-day moving average of 310,330 shares a day
    ** Hong Kong benchmark index  .HSI  falls up to 0.95 pct

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