BUZZ-Marston's: Down after FY profit forecast misses analyst estimate

Oct (Shenzhen: 000069.SZ - news) 10 (Reuters) - ** British pub operator's shares fall >6 pct to their lowest in a month

** MARS' 2018 underlying pretax profit forecast of c.104 mln stg misses Liberum estimate by 2.8 pct

** Total FY pub sales +3.2 pct, however, Destination and Premium (D&P) LFL sales -1.2 pct

** "Food-led destination pubs have not seen the Q4 bounce back anticipated although wet-led pubs continue to trade well" - Liberum

** Peel Hunt lowers 2018 pretax profit estimate by 3 mln stg to 107 mln stg due to D&P weakness and higher interest costs; cuts PT by ~11 pct to 125p

** 6 of 12 brokerages currently covering the stock rate it "buy" or higher, 3 "hold, 3 "sell"; median PT 107.5p

** MARS shares have fallen 10 pct YTD up to Tuesday's close (Reporting by Shashwat Awasthi in Bengaluru)