Australia's Bapcor slumps to lowest level in more than 5 years after flagging weak HY
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** Shares of Bapcor BAP fall as much as 31.3% to A$3.51, their lowest level since March 26, 2020
** Auto parts supplier says its second-half trading performance was below expectations, with weak sales during May and June
** Posts 1.4% decline in total annual unaudited revenue to A$1,944.3 million ($1.28 billion)
** Says performance hit by disruptions in Specialist Wholesale segment, NZ macroeconomic landscape and supply issues
** The update suggests conditions are significantly more challenging than expected - Citi
** Say it is difficult to see the stock as investible right now
** Bapcor stock top pct loser on the S&P/ASX 200 XJO index, which is trading flat
** YTD, shares down 19.1%
($1 = 1.5156 Australian dollars)
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