BUZZ — Sofa maker Man Wah hits 13 — year low on weak profit forecast

* Shares of Man Wah Holdings drop 13.8% to HK$2.37, their lowest level since September 2013 * Stock set for the biggest one-day pct decline since April 7, 2025 * Sofas and ancillary products maker says it expects its profit attributable for six months ended in September to drop 70%-90% y/y amid cost pressures and operating loss from the US business * Says rising raw materials prices in the chemical sector have driven up production costs while industry competition has intensified - co * Co reported HK$1.15 billion ($146.55 million) profit the same period a year ago * YTD, stock down 45.6%, while benchmark Hang Seng Index down 6% ($1 = 7.8472 Hong Kong dollars) (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com)