Hong Kong's Cosmo Lady rises, hires ex-Wacoal head

Cosmo Lady (China) Holdings Co

07/08/2018 06:04

** Shares of Cosmo Lady (China) Holdings Co Ltd  2298.HK 
rise as much as 3.9 pct to HK$3.99, heading for their biggest
daily percentage gain since July 24, after the intimate wear
maker hires an ex-Wacoal executive to head products development 
 
    ** The stock trims gain to HK$3.96 by lunch break, still up
3.1 pct
    ** Co appoints Yuasa Masaru, former head of research and
development of Japan's intimate apparel retailer Wacoal Holdings
Corp  3591.T , as chief technology officer effective Aug. 1 to
develop new products and raw materials (https://bit.ly/2nj3wYy)
 
    ** As of the previous close, the stock had risen 35.69
percent so far this year
    ** Cosmo Lady has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 7.0 percentage points in the
past one month
    ** By lunch break, about 232,000 shares of the
Guangdong-based company have been traded, compared with their
30-day moving average of 908,370 shares a day
    ** Among the 8 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 four "hold".
The analyst mean price target is HK$4.27
    ** Hong Kong benchmark index  .HSI  climbs 1 pct 

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