HK-listed BYD Electronic hit 3-week high on robust H1 results

Byd Electronic (International)

31/08/2020 07:28

** Shares of BYD Electronic International Co Ltd  0285.HK 
rise as much as 13.1% to HK$33.3, their highest since Aug. 10
    ** Mobile intelligent terminal components and modules
maker's stock on track for a third straight session of gain
    ** Stock last up 12.1%, heads for its best day since Oct.
30, 2019 
    ** Co says H1 profit soared 329.9% to 2.5 bln yuan ($360.6
mln) with revenue up 34.8% to 31.4 bln yuan  urn:newsml:reuters.com:*:nL8N2FU4CT
    ** Attributes strong performance to expansion of new product
lines and scale of glass and ceramic businesses; says its
medical protection products commenced production 
    ** Says it expects business in H2 to grow rapidly, thanks to
ever-increasing market shares of its existing customers' product
lines and the rapid coverage of new product lines
    ** The Hang Seng China enterprises index  .HSCE  edges down
0.1%, while the benchmark index  .HIS  gains 0.4%
($1 = 6.8507 Chinese yuan)

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