China Tobacco hits 2-1/2-year peak on robust earnings outlook

China Tobacco International (HK)

04/06/2024 04:40

** Shares of China Tobacco International HK Co Ltd  6055.HK 
jump 15.7% to HK$15.90, their highest since January 2022
    ** Stock on course for the biggest one-day pct gain since
June 8, 2023; third biggest pct gainer on Hang Seng Composite
Index  .HSCI  
    ** The cigarettes and tobacco leaf product distributor says
it expects its revenue for six months ending in June to increase
not less than 10% Y/Y and net profit to jump not less than 30%
Y/Y 
    ** Hang Seng Consumption Index  .HSCGSI  gains 0.7%, while
Hang Seng Composite Index  .HSCI  and Hang Seng Index  .HSI 
both add 0.3% 
    ** Stock up 58.3% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))