Hong Kong-listed shares of BAIOO Family surge on robust earnings estimates

BAIOO Family Interactive

22/01/2020 07:02

** Hong Kong shares of China-based developer of online games
for children, BAIOO Family Interactive Ltd  2100.HK , surge as
much as 13.7% to HK$0.83, their highest since Jan. 10
    ** Guangdong-based firm expects its 2019 revenue to jump
132%-163.6% from a year earlier to 660 mln yuan to 750 mln yuan
($108.6 mln) as it expands its game titles from webpage
platforms to mobile platforms (https://bit.ly/2GoNmXb)
    ** The company expects net profit between 135 mln yuan and
160 mln yuan, compared with a profit of 6.7 mln yuan in 2018,
which included a one-time gain 
    ** Baioo Family has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 12.8 percentage points in the
past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  rises 1.8%
    ** The Hang Seng China enterprises index  .HSCE  climbs
1.8%, and the benchmark index  .HSI  is up 1.1%


($1 = 6.9043 Chinese yuan)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)