BUZZ-CSPC Pharmaceutical falls most in 10 weeks on weak earnings outlook

Reuters11-01

** Shares of CSPC Pharmaceutical Group Ltd fall as much as 13% to HK$5, on track for the biggest one-day pct drop since Aug. 22

** Stock hits lowest since Sept. 23; on course for third consecutive session of decline ** CSPC, with current market value of HK$61.4 bln ($7.88 bln), expects net profit for nine months ended in September to drop 16% Y/Y amid decrease in revenue of finished drugs business in oncology, cardiovascular and nervous system therapeutic areas

** Hang Seng Commerce & Industry Index climbs 1%, healthcare index up 0.7% and Hang Seng Index rises 1%

** Stock down 27.8% YTD

($1 = 7.7757 Hong Kong dollars)

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

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