Financial group CMBC Capital surges on robust H1 outlook

CMBC Capital Holdings

12/07/2019 06:32

** Shares of financial services group CMBC Capital Holdings
Ltd  1141.HK  rise as much as 10.8% to HK$0.215, after two
consecutive sessions of decline
    ** Co, with current market value of HK$9.92 billion ($1.27
billion), expects first half profit to jump at least 35% from a
year ago amid business growth in debt capital market, investment
banking, asset management, investment and financing  urn:newsml:reuters.com:*:nFWN24C070
    ** Co says interim results will publish by end of August
    ** As of Thursday's close, stock down 40.3% so far this year
    ** CMBC Capital has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 13.2 percentage points in the
past one month
    ** The Hang Seng Finance Index  .HSNF  rises 0.9%, and the
benchmark index  .HSI  gains 0.4% on Friday
    


($1 = 7.8217 Hong Kong dollars)

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