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SINOTRANS (00598.HK) Once Dives 7%+ as Daiwa Says 3Q NP Misses
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SINOTRANS (00598.HK) once bottomed at $3.63 with a drop of 7.4% this morning (28th), hitting an over-one-month low. It last printed at $3.67, down 6.38%, on a volume of 14.559 million shares and a turnover of $53.6797 million.

The company announced its 1-3Q results last Friday (25th). According to Chinese accounting standards, its net profit sank by 10.4% YoY to RMB2.825 billion.

Related NewsHSBC Research Downgrades SINOTRANS (00598.HK) to Underweight, Cuts TP to $3.2
Daiwa noted that SINOTRANS' 3Q reported and adjusted net profit fell by 10% and 8% YoY, missing the broker's expectations.
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