The Hong Kong-listed shares of Zoomlion Heavy Industry Science and Technology were set to open 8.3 per cent lower after China’s second-largest construction equipment maker warned of a significant drop in first-quarter earnings.
The stock was set to open at HK$7.61, its lowest level since September, and compared with a 0.4 per cent drop in the benchmark Hang Seng Index.
Zoomlion warned on Friday that its first-quarter net profit may drop by up to 80 per cent as slowing economic growth in China hurt sales.
via Business feed http://www.scmp.com/business/money/market-snapshot/article/1215047/zoomlions-shares-set-open-down-83pc-after-profit
No comments:
Post a Comment