In a statement, Global Cord Blood (CO +1.2%)
says the COVID-19 outbreak in China has placed “heavy pressure” on its
sales and marketing efforts due to partial or complete lockdowns in
certain cities in China.
Considering the effects thus far and the
uncertainty in the duration of the outbreak, it expects the situation to
negatively impact fiscal Q4 results (calendar quarter ending March 31),
adding that it may need to revise its fiscal 2021 sales target.
https://seekingalpha.com/news/3542246-global-cord-blood-warns-on-impact-of-coronavirus-outbreak
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