Black Sesame jumps most in over 6 months on robust revenue growth forecast
BUZZ-Black Sesame jumps most in over 6 months on robust revenue growth forecast ** Shares of Black Sesame International 2533.HK jump 8.4% to HK$12.15, on course for their biggest one-day pct rise since January 5
** Stock of the Chinese intelligent vehicle solution provider hits the highest since July 17
** Black Sesame expects to record revenue of no less than 458 mln yuan ($67.88 mln) for six months ended June, up no less than 81.1% y/y, thanks to revenue growth in robotics business, mass production and delivery of advanced assisted driving solutions in the passenger vehicle market
** Company expects to record a net loss of 720 mln yuan-820 mln yuan during the first-half, compared with a net loss of 762 mln yuan year ago
** YTD, stock down 37.2%, Hang Seng TECH Index .HSTECH down 12.3%
($1 = 6.7475 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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