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2589 — Auntea Jenny (Shanghai) Industrial News Story

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Chinese tea chain Auntea Jenny rallies on robust profit outlook

BUZZ-Chinese tea chain Auntea Jenny rallies on robust profit outlook

** Shares of Auntea Jenny (Shanghai) Industrial 2589.HK jump 9.9% to HK$118.1, their highest level since July 20

** Stock rises for a third consecutive session

** Auntea Jenny, a China-based freshly-made tea shops operator, with current market capitalisation of $1.55 billion, expects its first-half profit to surge 50%-60% y/y to 304 million-325 million yuan ($44.91 million-$48.02 million) as it steadily expands store network and launches more products

** YTD, stock up 35.3%, while benchmark Hang Seng Index .HSI down 1.8%



($1 = 6.7687 Chinese yuan)

($1 = 7.8419 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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