Hong Kong's retail chain group Best Mart 360 jumps on robust earnings outlook

Best Mart 360 Holdings

03/05/2023 05:47

** Shares of leisure food retail stores chain operator Best
Mart 360 Holdings Ltd  2360.HK  rise as much as 11.7% to
HK$2.29, highest since March 27
    ** Co says it expects to post not less than 80% YOY increase
in net profit for fiscal year ended in March as the business
environment in Hong Kong gradually returns to stability and 
local retail market atmosphere continues to improve 
    ** Says additional revenues generated from new stores,
improvement in sales strategy and gross profit margin also aid
the strong results 
    ** The Hang Seng Consumption Index  .HSCGSI  slips 0.4%, the
Hang Seng Composite Index  .HSCI  falls 1.7% and the Hang Seng
Index  .HSI  drops 1.8%
    


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))