China's 3SBio jumps most since late August on robust earnings estimates

3SBio

08/02/2022 06:52

** Shares of pharmaceutical products developer 3SBio Inc
 1530.HK  jump 9.2% to HK$6.75, on track for their biggest daily
percentage gain since Aug. 27
    ** Stock hits highest since Jan. 18, on course for a second
session of gain; fourth biggest percentage gainer in the Hang
Seng Composite Index  .HSCI 
    ** Liaoning, China-based co expects 2021 profit attributable
to equity shareholders to jump 90%-110% from a year ago, thanks
to "significant growth" in revenue and gross profit of products,
and decrease in expenses following completion of diabetes
business divestment  urn:newsml:reuters.com:*:nFWN2UI0VR
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
2.4% and the healthcare index  .HSCIH  plunges 6.7%
    ** The Hang Seng Composite Index  .HSCI  eases 0.8% and the
benchmark Hang Seng Index  .HSI  slips 1%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))