BUZZ-China's Shiyue Daotian hits 3-month peak on robust earnings estimates

Reuters
07/18
BUZZ-China's <a href="https://laohu8.com/S/09676">Shiyue Daotian</a> hits 3-month peak on robust earnings estimates

** Shares of Shiyue Daotian Group 9676.HK jump 17.7% to HK$8.58, their highest since April 9

** Stock on course for a third consecutive session of gains and biggest one-day pct rise since April 9

** Chinese pantry staple food maker estimates H1 adjusted net profit to jump to 282.9 mln yuan ($39.4 mln) from 148.87 mln yuan a year earlier, thanks to an increase in multi-channel sales, among others

** The Hang Seng Composite Industry Index tracking consumer staples .HSCICS climbs 0.8%, while the Hang Seng Index .HSI gains 0.9%

** YTD, stock up 23.7%

($1 = 7.1810 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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