China's C&D Property Management jumps most on record on strong H1 results

C&D Property Management

26/08/2022 07:08

** Shares of C&D Property Management Group  2156.HK  jump as
much as 34.2% to HK$3.65, mark the biggest intraday pct gain
since debut in December 2020 
    ** Stock hits the highest since Aug 9 and on track for a
second session of gains; sixth-biggest pct gainer on the Hong
Kong bourse
    ** The Fujian-based property manager, with current market
value of HK$4.68 bln ($596.51 mln), says its H1 profit increased
50.7% to 130.4 mln yuan ($19.01 mln) from a year-ago period,
with revenue up 49.9% to 997 mln yuan  urn:newsml:reuters.com:*:nFWN3012CK
    ** Hang Seng Mainland Properties Index  .HSMPI  surges 2%
and the Hang Seng Composite Index on properties and construction
stocks  .HSCIPC  rises 1%
    ** The Hang Seng Composite Index  .HSCI  gains 0.4% and Hang
Seng Index  .HSI  climbs 0.5%
    ** As of last close, stock down 38.9% this year
    ($1 = 6.8590 Chinese yuan)
    ($1 = 7.8456 Hong Kong dollars)

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