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

Reuters
Jul 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10