 |
|
  |
2009-3-18 09:54:00 a.m. HKT, XFNA
DJ MARKET TALK: Nanjing Panda May Fall After Profit Warning
|
| |
| 0943 [Dow Jones] Nanjing Panda (0553.HK) flat at HK$1.00 at pre-open, but may fall later after company warns 2008 net profit will fall by more than 50% based on Chinese accounting standards as sino-foreign JVs' profits substantially decreased, affecting investment gains. Earnings outlook remains unexciting for electromechanical product producer amid global economic downturn. 2007 net profit at CNY89.09 million based on CAS, indicating 2008 net profit to be less than CNY44.5 million vs Thomson Reuters' forecast of CNY61.24 million based on one analyst. Stock ended +4.2% at HK$1.00 Tuesday, with 95 HK cents as near-term support.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=u8iDMvqaGGE59ulN8%2FBABQ%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
