HK-listed Changsha Broad Homes soars on robust earnings forecast

Changsha Broad Homes Industrial Co

14/01/2020 03:15

** Chinese prefabricated construction services provider
Changsha Broad Homes Industrial Group Co Ltd  2163.HK  surges as
much as 20.3% to HK$9.38, its highest since Dec. 11, 2019
    ** Stock set to snap 11-session decline
    ** Co, based in China's central Hunan province, expects a
sharp rise in 2019 profit, compared with 2018, amid a more than
150% increase in revenue in PC unit business and an over 200%
jump in gross profit margin  urn:newsml:reuters.com:*:nFWN29G1AU
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.3%
    ** The Hang Seng China enterprises index  .HSCE  rises 0.2%,
and the benchmark index  .HSI  climbs 0.1%

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