Qingling Motors shrs fall further after H1 results


By Charlie Zhu HONG KONG, Aug 29 (Reuters) - Shares of Chinese truck maker Qingling Motors fell more than seven percent in early morning trade on Thursday after an 18 percent loss on Wednesday after the company posted a sharp drop in its first half profit. Merrill Lynch analyst Grace Mak said on Thursday that she had downgraded the stock to "reduce" from "neutral" as Qingling's earnings plunged 65 percent -- a much greater fall than she had expected. Mak cut her 2002 net profit ...

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