Keeley
2021-05-11
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HK-listed hypermarkets operator Sun Art falls most in 7 mths on weak earnings
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK-listed hypermarkets operator Sun Art falls most in 7 mths on weak earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-11 11:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of hypermarkets operator Sun Art Retail Group Ltd</p><p>fall as much as 7.4% to HK$6.36, their lowest since March 31, on course for a fifth consecutive session of decline</p><p>** Stock is on track for its worst day since Oct. 7, 2020</p><p>** Shanghai-based company, which changed its fiscal year end to March from December to enable better operational alignment with controlling shareholder Alibaba Group, says its profit for 15 months ended in March fell 15.4% year on year to 3.57 bln yuan ($555.8 mln) with revenue sliding 2% ()</p><p>** Says it expects to face increasingly fierce competition in the year to come, while it also expects to see new investments and launch business initiatives</p><p>** Says it will adopt a new dividend policy which will depend on financial performance, working capital and capex requirement, and profits available for distribution</p><p>** The Hong Kong composite Industry Index tracking consumer staples slips 0.8%</p><p>** The Hang Seng China enterprises index falls 2.4%, and the benchmark index drops 2.3%</p><p>** As of last close, the stock down 12.8% this year</p><p>($1 = 6.4229 Chinese yuan renminbi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","06808":"高鑫零售"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134652046","content_text":"** Shares of hypermarkets operator Sun Art Retail Group Ltdfall as much as 7.4% to HK$6.36, their lowest since March 31, on course for a fifth consecutive session of decline** Stock is on track for its worst day since Oct. 7, 2020** Shanghai-based company, which changed its fiscal year end to March from December to enable better operational alignment with controlling shareholder Alibaba Group, says its profit for 15 months ended in March fell 15.4% year on year to 3.57 bln yuan ($555.8 mln) with revenue sliding 2% ()** Says it expects to face increasingly fierce competition in the year to come, while it also expects to see new investments and launch business initiatives** Says it will adopt a new dividend policy which will depend on financial performance, working capital and capex requirement, and profits available for distribution** The Hong Kong composite Industry Index tracking consumer staples slips 0.8%** The Hang Seng China enterprises index falls 2.4%, and the benchmark index drops 2.3%** As of last close, the stock down 12.8% this year($1 = 6.4229 Chinese yuan renminbi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":12,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/199231624"}
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