Chinese ‘white horses’ issue surprise profit warnings before earnings season kicks off
Chinese stock traders are bracing themselves for bad news during the upcoming earnings season after two “white horses” caught investors off guard with their profit warnings.Dong-E-E-Jiao, a Chinese traditional pharmaceutical company, that had posted profit increases for 12 consecutive years, and Han’s Laser Technology Industry Group, once a favourite among foreign investors, said in exchange filings that first-half earnings may have dropped significantly.Both stocks plunged by the 10 per cent…


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