Varitronix International may further sells its shareholding

Although the Q1 turnover of Varitronix International (0710) slumped over 20% vs Q4 of last year and its profit forecast and investment rating were downgraded accordingly. The market sources claimed since the large shareholders of Varitronix International once sold their shareholding, the possibility of further disposal was not ruled out. The analysts said the book value of the stock was estimated at HK4.45 this year and it would see support while dropping to the level.

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