HK-listed maker Beijing Chunlizhengda at all-time high on robust H1 forecast

Beijing Chunlizhengda Medical Instruments

05/08/2019 06:44

** Shares of Beijing Chunlizhengda Medical Instruments Co.,
Ltd  1858.HK  jump as much as 18.7% to HK$23, their highest
since listing in March 2015, after the implantable orthopaedic
medical devices said it expects robust growth in H1 
    ** Stock ranks the sixth-biggest percentage gainer in
afternoon trade 
    ** The Beijing-based firm expects H1 profit to jump more
than 70% year on-year with operating revenue up more than 50%
amid investment in the research and development, product quality
and technology innovation  urn:newsml:reuters.com:*:nFWN24Y17O
    ** Interim results are due to release by end of August 
    ** As of Friday's close, stock up 85% so far this year
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 2.9% 
    ** The Hang Seng China enterprises index  .HSCE  eases 2.5%,
and the Hong Kong benchmark index  .HSI  slides 2.7%

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