HK networking solutions co Bii Railway soars on robust outlook

BII Railway Transportation Technology Holdings Co

17/01/2020 06:21

** Shares of Bii Railway Transportation Technology Holdings
Co Ltd  1522.HK  surge as much as 25.5% to HK$0.64, their
highest since Aug. 2019
    ** The networking and controlling systems solutions
designer's stock later trims gain to HK$0.56, still up 9.8% 
    ** Co sees 2019 profit to at least double from last year,
due to contribution from newly-acquired Suzhou Huaqi Intelligent
Technology Co Ltd, and as its civil communication business
continues growing  urn:newsml:reuters.com:*:nFWN29L0UW
    ** Says annual results will be published by March-end
    ** Bii Railway Transportation has outperformed the Hang Seng
Utilities Index sector  .HSNU  by 1.5 percentage points in the
past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  eases 0.2%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.1%, and the benchmark index  .HSI  edges down 0.1%
    
    
    

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