HK-listed Cowell hits near 2-1/2-yr high on H1 outlook

Cowell e Holdings

30/06/2020 08:07

** Shares of Chinese camera modules maker Cowell e Holdings
Inc  1415.HK  surge as much as 37.6% to HK$2.60, the highest
since January 2018
    ** Stock heads for biggest intraday pct gain since listing
in March 2015
    ** Co expects its first half net profit to jump to $25
mln-$30 mln for six months ending in June, compared with $0.8
mln the same period a year ago, amid increase in camera module
sales and an improvement in production yield  urn:newsml:reuters.com:*:nFWN2E60EJ
    ** Co says its financial position remains sound and healthy
and it is positive on its long-term prospect, and the interim
results will be published before August 31
    ** As of last close, the stock had risen 10.9% this year
    ** Guangdong-based Cowell has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 12.3 percentage
points in the past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 1%
    ** The Hang Seng China enterprises index  .HSCE  slides
0.1%while the benchmark index  .HSI  gains 0.2%


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