Tourism Holdings shares fall to 6-week low as US margins shrink

Mon, 21 Oct 2019

(Recasts lead to include share price drop, adds broker comments in paragraphs four, five and seven)Tourism Holdings shares fell 9.7 percent after it said its US business is still failing to fire with average vehicle sales margin down 40 percent in the first quarter from a year earlier.“As part of the preparation for its 2019 annual meeting, thl has reviewed its FY20 financial forecast and concluded that if the most recent trend in the USA market continues throughout the remainder of FY20, it is likely to have a material impact on thl’s FY20 net...

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