HK-listed camera modules maker Cowell hits 4-week high on robust H1 outlook

Cowell e Holdings

26/06/2020 03:46

** Shares of Chinese camera modules maker Cowell e Holdings
Inc  1415.HK  rise as much as 10.1% to HK$2.07, the highest
since May 25 
    ** Stock later trims gain to HK$2.02, still up 7.4%, heading
for biggest intraday pct gain since May 29
    ** Co expects to record a significant improvement in profit
for six months ending in June, as compared with the same period
in 2019, amid increase in camera module sales and an improvement
in production yield and cost management  urn:newsml:reuters.com:*:nFWN2E106Z
    ** Interim results is set to be published before Aug. 31
    ** As of last close, the stock had risen 10.3% this year
    ** Guangdong-based Cowell has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 16.2 pct points in
the past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 1%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  decline 0.5%

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