HK-listed Shanshui Cement hits near 6-mth high on robust earnings forecast

China Shanshui Cement

17/01/2020 03:11

** Shares of clinker and concrete maker China Shanshui
Cement Group Ltd  0691.HK  rise as much as 10.1% to HK$3.27,
their highest since Jul. 23, 2019 
    ** Company, which is based in China's central province of
Shangdong, expects its 2019 profit to "increase substantially"
as compared with a year earlier, amid an increase in sales
volume and selling price of its major cement product
 urn:newsml:reuters.com:*:nFWN29L0CU
    ** Says the annual results are set to be published before
the end of March 
    ** China Shanshui Cement has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 6.2 percentage
points in the past one month.
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges down 0.03%
    ** The Hang Seng China enterprises index  .HSCE  and the
benchmark index  .HSI  both climb 0.1%

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