Singamas Slumps After Forecasting Substantial Profit Drop
This article is for subscribers only.
Singamas Container Holdings Ltd., the world’s second-largest maker of shipping boxes, slumped the most in nearly 10 months in Hong Kong trading after forecasting a “substantial” decline in full-year profit.
The stock fell as much as 7.6 percent, the most since March 6, before trading 6.1 percent lower at HK$1.85 as of 11:31 a.m. Hong Kong’s benchmark Hang Seng Index was little changed.