Cathay Media and Education jumps most in 10 mths on robust estimates, rivals up

Cathay group

29/08/2022 08:23

** Shares of film production and education services provider
Cathay Media and Education Group Inc  1981.HK  jump as much as
21.6% to HK$1.41, the biggest daily pct rise since Oct. 15 if
gains hold
    ** Stock hit highest since June 17 and on track for third
consecutive session of gain; second biggest pct gainer in Hang
Seng Composite Index  .HSCI  
    ** Beijing-based company says it expects its H1 net profit
to jump at least 70% from a year earlier due to gain on disposal
of its entire equity interest in Beijing Shuimu Huaxia Education
& Technology (https://bit.ly/3CyxmA2)
    ** Stock of rival Koolearn Technology  1797.HK  surges as
much as 15.5% after it posted narrower loss for H1  urn:newsml:reuters.com:*:nFWN3020YF
    ** Shares of Tialli International  1773.HK  soar 21.2% and
China Education Group  0839.HK  rise 4.3%
    ** The Hang Seng Commerce & Industry Index  .HSNC  slips
0.6%, the Hang Seng Composite Index  .HSCI  falls 0.9% and Hang
Seng Index  .HSI  eases 0.8%

    

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