HK-listed CGN Mining surges to 8-week high on robust H1 estimates

CGN Mining

12/08/2019 06:04

** Shares of CGN Mining Co Ltd  1164.HK  soar as much as
27.6% to HK$0.37, highest since June 17, after the natural
uranium trader and property investor estimates sharp growth in
H1 profit
    ** Stock ranks 8th biggest pct gainer in early afternoon
trade
    ** Shares trim gains to HK$0.33, still up 13.8%
    ** Company expects to record a significant increase y-o-y in
H1 net profit as a JV contributes to profit as compared with
losses in H1 2018  urn:newsml:reuters.com:*:nFWN2550LI
    ** As of Friday's close, stock has risen 20.8% so far this
year
    ** Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  eases 0.8%
    ** Hang Seng China enterprises index  .HSCE  gains 0.5%, and
the benchmark index  .HSI  edges up 0.01%

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