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BUZZ-HK-listed Wuling Motors at 4-1/2-month peak on first-half profit outlook

Reuters
08/06
BUZZ-HK-listed <a href="https://laohu8.com/S/WLMTF">Wuling Motors</a> at 4-1/2-month peak on first-half profit outlook

** Shares of Wuling Motors Holdings 0305.HK jump 15.4% to HK$0.6, their highest since March 20, and on course for a second session of gains

** Stock posts biggest intraday pct rise since March 18

** The Chinese new energy vehicle manufacturer expects its first-half net profit to jump 298% y/y to about 84 million yuan ($11.68 million) due to an improvement in gross profits margin and decrease in administrative expenses resulting from cost-control measures

** Hang Seng Automobile Index .HSAMI slips 0.4% and benchmark Hang Seng Index .HSI down 0.2%

** YTD, stock up 36.6%

($1 = 7.1892 yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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