Hong Kong-listed Black Sesame jumps on robust earnings forecast

Black Sesame International Holding

18/02/2025 04:15

** Shares of Chinese intelligent vehicle solutions provider
Black Sesame International Holding  2533.HK  jump as much as
8.9% to HK$27.65, their highest since February 10
    ** Stock on course for a fourth straight session of gains
    ** Black Sesame expects 2024 net profit to be not less than
100 mln yuan ($13.75 mln), compared to a net loss of 4.86 bln
yuan in 2023, with revenue up 44%-60% y/y to 450 mln-500 mln
yuan 
    ** Says growth due to an increase in revenue from autonomous
driving products and solutions resulting from supply of chips
and solutions to domestic automotive original equipment
manufacturers, including BYD, Dongfeng and Geely, and suppliers 
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises
2.8%, an index tracking information technology firms  .HSCIIT 
surges 3.3% and the Hang Seng Index  .HSI  adds 2.1%
    ** Black Sesame shares down 8.9% YTD  

($1 = 7.2730 Chinese yuan)

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