China's International Alliance hits all-time high on upbeat earnings outlook

Alliance International Education Leasing Holdings

19/01/2023 07:37

** Shares of International Alliance Financial Leasing Co Ltd
 1563.HK  rise as much as 6.2% to HK$16.56, their highest since
debut in March 2019
    ** Stock of the higher education services and finance
leasing group marks biggest intraday pct rise since Jan 12
    ** The Beijing-based company, with current market value of
$3.56 bln, expects to record a net profit of up to 420 mln yuan
($61.97 mln) for 2022, up as much as 432% from 78.9 mln yuan
profit seen a year ago  urn:newsml:reuters.com:*:nFWN3431MX
    ** Says the growth is driven by profit generated from its
Yantai Nanshan University - a private institution of higher
education, which recorded a sharp increase in enrolments to
petrochemical engineering and technology programmes in 2022/2023
school year
    ** The Hang Seng Commerce & Industry Index  .HSNC  eases
0.5%, while the Hang Seng Composite Index  .HSCI  and the Hang
Seng Index  .HSI  both slip 0.2%
     ($1 = 6.7778 Chinese yuan)
     ($1 = 7.8286 Hong Kong dollars)
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))