BUZZ-Chemical group Dongyue touches 4-month peak on robust earnings estimate
Reuters
Feb 11
BUZZ-Chemical group Dongyue touches 4-month peak on robust earnings estimate
** Shares of polymers and refrigerants products producer Dongyue Group 0189.HK climb 3.1% to HK$12.94, their highest level since October 9
** Dongyue, which has a market value of HK$22.18 bln ($2.84 bln), expects its 2025 net profit to more than double from a year earlier
** Says growth due to an increases in prices of multiple products in refrigerant segment and its stringent cost and expense controls, among others
** YTD, stock up 18.3% YTD, the benchmark Hang Seng Index .HSI up 6.4%
($1 = 7.8149 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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