HK-listed BII Railway hits 3-1/2 mth high on robust H1 forecast

BII Railway Transportation Technology Holdings Co

25/07/2019 02:55

** Networking and controlling systems designer's shares
 1522.HK  rise as much as 31.1% to HK$0.80, highest since April
15
    ** Company forecasts sharp rise in first-half profit; Stock
5th biggest pct gainer in early trade
    ** BII Railway expects H1 profit to surge no less than 180%
y-o-y amid development of its civil communication business and
consolidation of financial results of its newly acquired Suzhou
Huaqi Intelligent Technology Co Ltd  urn:newsml:reuters.com:*:nFWN24P0LM
    ** Interim results for BII to be published end-August
    ** As of Wednesday's close, stock had risen 15.1% so far
this year
    ** BII Railway has underperformed the Hang Seng Utilities
Index sector  .HSNU  by 3.6 pct points in past one month
    ** Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 1.1%
    ** Hong Kong benchmark index  .HSI  gains 0.3%

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