9869.HK 's decline widened to more than 7% on Aug. 3, and fell 13% in three days after Ying Xi. It is now quoted at HK $13, with a total market capitalization of HK $16.4 billion.
The company announced a few days ago that it expects a medium-term loss of 290 million to 310 million yuan for the end of June 30, an increase from a loss of 25 million yuan in the same period last year. Daiwa downgraded Helen to "hold" rating, indicating that the stock is riskier in the near future. The bank cut its 2022-24 earnings per share by 37-84 per cent and its target price by 17 per cent from HK $16.9 to HK $14.