HK-listed Blue Moon Group hits record low as co forecasts H1 loss

** Shares of Chinese detergent maker Blue Moon Group Holdings Ltd fall 8.5% to HK$7.60, their lowest since listing on Dec 16, and on course for sixth straight decline

** Stock is biggest percentage decliner in the Hang Seng Composite Index and among the 30 biggest percentage decliner on the Hong Kong bourse

** The Guangdong-based company expects to post a net loss of HK$44 mln ($5.7 mln) in H1, from HK$302 mln profit a year earlier, amid oversupply of lower-priced products by platforms disrupting its pricing strategy, and higher material costs

** Brokerage Daiwa downgrades Blue Moon to "underperform" from "buy" and trims TP to HK$7 from HK$17.40, on significant deterioration in gross margin and unexpected loss-making in H1 on product price discounts and higher raw-material costs

** The Hong Kong composite Industry Index tracking consumer staples gains 0.5%, and the material index rises 1.3%

** The Hang Seng Composite Index gains 0.2%

** The Hang Seng China Enterprises Index climbs 0.1%, while the benchmark index slips 0.1%

** Stock down 45.5% this year, as of last close