HK's Anton Oilfield Services hits 6-week high on strong H1 forecast

Anton Oilfield Services

24/07/2018 03:03

** Anton Oilfield Services Group  3337.HK  surges 9.2
percent to HK$1.19, its highest since June 14, after company
forecasts strong growth in H1 earnings
    ** Anton expects H1 profit to jump 5 to 8 times from
year-ago period amid recovery in global oil and gas industry,
and as customers picked up pace in oil and gas development
 urn:newsml:reuters.com:*:nFWN1UJ0PZ
    ** Company set to publish interim results by end-August
    ** As of 0151 GMT, about 23.76 mln shares of the
Beijing-based company have been traded, compared with their
30-day average volume of 27.68 mln
    ** Among the 10 analysts that cover Anton, the average
rating on the shares is "buy" - 8 "strong buy" or "buy", one
"hold" and one "sell" or "strong sell". The mean price target is
HK$1.40
    ** Hong Kong benchmark index  .HSI  rises 0.9 pct 

 (RM: donny.kwok.thomsonreuters.com@reuters.net)