HK-listed Chen Hsong hits near 8-mth high on robust earnings estimates

Chen Hsong Holdings

27/10/2020 04:31

** Shares of plastic injection molding machines maker
 0057.HK  rise as much as 10.3% to HK$2.04 - highest since Mar.
10
    ** Stock last up 7.6%, heading for best day since Nov. 2018 
    ** Co expects its net profit for six months ended in
September to jump at least 110% from a year earlier due to
increase in revenue from plastic injection moulding machine
business, and improvement in gross profit margin  urn:newsml:reuters.com:*:nFWN2HH1E5
    ** Hang Seng China enterprises index  .HSCE  falls 1.5%, and
the benchmark index  .HSI  slides 1.2%
    ** As of last close, stock had fallen 17% this year 

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