China BlueChemical hits 6-week high on robust profit view

China BlueChemical

30/01/2019 02:55

** Shares of China BlueChemical Ltd  3983.HK  jump as much
as 11.2 pct to HK$2.69, the highest since Dec. 19, 2018, after
the fertilizers and chemical products manufacturer expects
strong growth in 2018 earnings 
    ** Stock set to snap three straight sessions of decline 
    ** Co expects its 2018 profit to rise to 1.35-1.39 bln yuan
($207 mln) from 50.2 mln yuan a year ago, amid higher selling
price of its products  urn:newsml:reuters.com:*:nFWN1ZT0BE
    ** China Bluechemical has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 8.2 percentage
points in the past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges down 0.1 pct and  the China enterprises index  .HSCE 
eases 0.2 pct


($1 = 6.7146 Chinese yuan renminbi)

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