HK-listed lingerie firm Cosmo Lady jumps on tie-up with Tencent

Cosmo Lady (China) Holdings Co

20/08/2018 04:40

** Shares of Cosmo Lady (China) Holdings Co Ltd  2298.HK 
rise as much as 7.7 pct to HK$3.94, the highest since Aug. 10,
after the intimate wear maker teams up with Chinese internet
giant Tencent on smart retail 
    ** Co says it will integrate its online and offline sales
capabilities and utilise Tencent's  0700.HK  public platform on
WeChat and WeChat payment services to jointly develop a new
smart retail business  urn:newsml:reuters.com:*:nFWN1V80KB
    ** Co says the cooperation agreement will include
developments of the use of mobile applications, electronic
fitting facilities and self-service facial recognition payment
systems
    ** As of the previous close, the stock had risen 29.33
percent so far this year
    ** Cosmo Lady has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 3.1 percentage points in the
past one month
    ** As of 0314 GMT, about 97,000 shares of the
Guangdong-based company have been traded, compared with their
30-day moving average of 600,880 shares a day
    ** Among the seven analysts that cover Cosmo Lady, the
current average rating on the shares is "buy"; the breakdown of
recommendations is four "strong buy" or "buy", and three "hold".
The analyst mean price target is HK$4.27
    ** Hong Kong benchmark index  .HSI  rises 0.6 pct

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