HK-listed China Tobacco rises most in 10 weeks on upbeat earnings forecast

China Tobacco International (HK)

10/06/2021 06:54

** Shares of China Tobacco International HK Co Ltd  6055.HK 
rise 5% to HK$18.80, their biggest intraday percentage gain
since March 31 
    ** Stock hits the highest since May 26 and on course for
second consecutive session of gains
    ** The cigarettes and tobacco leaf products importer and
exporter expects its revenue for six months ending in June 2021
to increase at least 85% as compared to the same period in 2020
and net profit to jump at least 115%  urn:newsml:reuters.com:*:nFWN2NR0UX
    ** Says the expected rise in revenue and net profit is due
to a significant increase in revenue of tobacco leaf products
import business during the first half of 2021, and on reducing
costs and improving efficiency amid costs control 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
climbs 0.6%, while the material index  .HSCIM  slips 0.3%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  gains 0.3%
    ** As of last close, the stock had risen 20.5% this year 

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