HK-listed Mongolian Mining hits over 3-month low on H1 loss estimates

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HK-listed Mongolian Mining hits over 3-month low on H1 loss estimates

Reuters2021-07-20

** Shares of Mongolian Mining Corp drop 17% to HK$1.86, lowest since April 19; set for second session of decline

** Stock set for worst day since May 13; among top 10 decliners on the Hong Kong bourse

** The Chinese coal miner expects to post up to $15 mln loss, excluding any extraordinary items, for the six months ended in June as compared to a net profit of $2.7 mln the same period in 2020

** Says its sales volume was hit as coal export shipments from Mongolia to China were hit by COVID-19 curbs and limited traffic at Sino-Mongolian border

** The Hong Kong composite Industry Index tracking energy stocks falls 3.3%, and the material index drops 4%

** The Hang Seng China Enterprises Index eases 0.7%, and the benchmark index slips 0.4%

** The stock had soared 83.6% this year as of last close

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wptang1
·2021-07-20
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- wptang1:
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  2021-07-20
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闪电侠08
·2021-07-20
Like pls
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HoldTheDoor
·2021-07-20
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- tucktan78:
  good
  2021-07-20
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StocKing
·2021-07-20
C
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Xiaopink
·2021-07-20
Wow
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- Meowlisa:
  Yes
  2021-07-20
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IsaacYap90
·2021-07-20
Ok
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NRN
·2021-07-20
Market is weak too, avoid this for now
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JaiVenky
·2021-07-20
Nice!
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- Abcdefgg:
  Bich
  2021-07-20
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Eric1313
·2021-07-20
Ok
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- Kyler28:
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  2021-07-20
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wongzj
·2021-07-20
Nooo
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Rockyspider
·2021-07-20
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  2021-07-20
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SeanSak
·2021-07-20
Like n comment
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- DWWM:
  Done
  2021-07-20
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sfleong1
·2021-07-20
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plasticbag
·2021-07-20
Ok
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AliciaA
·2021-07-20
Like and comment plz
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is weak too, avoid this for now&nbsp;","listText":"Market is weak too, avoid this for now&nbsp;","text":"Market is weak too, avoid this for 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