HK-listed Wuling Motors falls on weak outlook amid rising costs

Wuling Motors Holdings

05/08/2021 04:32

** Shares of vehicles power supply systems and components
maker  0305.HK  fall 4.6% to HK$1.67, set for worst session
since July 27     
    ** Co expects to post a half-year net loss on higher raw
material costs, tight supply of integrated circuits and a rise
in R&D expenses  urn:newsml:reuters.com:*:nFWN2PA11V
    ** Says net loss will be 70% less than year earlier, with
growing rev helped by China's economic recovery  
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.3%, while the Hang Seng Composite Index tracking
industrials  .HSCIIG  slips 0.8%
    ** The Hang Seng China Enterprises Index  .HSCE  slides
0.1%, while the benchmark index  .HSI  gains 0.1%
    ** By last close, the stock fell 22.6% this year

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