BUZZ-HK-listed Q Technology soars on robust earnings outlook

Reuters

01-15

BUZZ-HK-listed Q Technology soars on robust earnings outlook

** Shares of camera modules maker Q Technology (Group) Co 1478.HK jump 14% to HK$6.28, on course for the biggest one-day pct rise since Aug. 13, 2024

** Stock hits highest since Jan. 7

** Co expects its 2024 net profit to increase by 200%-280% Y/Y, helped by higher sales volume of its camera and fingerprint recognition modules for use in smartphones, smart driving and Internet of Things smart terminals

** Hang Seng Commerce & Industry Index .HSNC and Hang Seng Tech Index .HSTECH each inch up 0.1%, while Hang Seng Index .HSI gains 0.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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