BUZZ-HK-listed Bairong drops most in 10 months on expecting lower FY profit
Reuters
Feb 27
BUZZ-HK-listed Bairong drops most in 10 months on expecting lower FY profit
** Shares of Bairong Inc 6608.HK drop 15.2% to HK$10.02, on track for the biggest one-day pct decline since April 7, 2025
** Stock hit its lowest level since December 19
** Chinese cloud-based artificial intelligence turnkey service group expects its full-year net profit to drop 70%-75% y/y as it substantially increases investment in artificial intelligence $(AI)$ in the 2025 fiscal year, among others
** YTD, stock down 13.4%, while benchmark Hang Seng Index .HSI up 3.4%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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