HK-listed AK Medical eyes worst day in over 3-1/2 yrs on weak outlook
Reuters2021-07-26
** Shares of orthopedic implants developer AK Medical Holdings Ltd drop 23.3% to HK10.20, on course for worst day since listing in Dec 2017
** Stock falls to the lowest since April 21; the sixth-biggest pct decliner on the Hong Kong bourse
** Beijing-based co expects net profit for six months ended in June to fall 35% y/y, with rev down 10%, as customers reduce stocking co's products on uncertain price trends and as marketing expenses rise
** Hang Seng Commerce & Industry Index drops 4.2% and the healthcare index dives 7.5%
** The Hang Seng China Enterprises Index falls 3.7% to the lowest since Oct. 5, 2020, and the benchmark index declines 2.9% to the lowest since Dec. 29.
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