HK-listed ship leasing group CSSC at 10-week peak on upbeat H1 outlook

CSSC (Hong Kong) Shipping Co

20/07/2023 07:49

** Shares of CSSC Hong Kong Shipping Co Ltd  3877.HK  rise
as much as 6% to HK$1.42, their highest since May 9
    ** CSSC on course to snap three consecutive sessions of
decline
    ** Stock set for the biggest one-day pct rise since July 28,
2022, if gains hold
    ** The Chinese ship leasing services provider expects its H1
net profit to rise 18%-21% YoY on satisfactory performance of
its investment in product oil tankers and clean energy fleets,
balanced asset portfolio and implementation of lean operation
and cost management system  urn:newsml:reuters.com:*:nFWN3951OQ
    ** The Hang Seng Commerce & Industry Index  .HSNC  slips
0.3%, the Hang Seng Composite Index  .HSCI  eases 0.2% and the
Hang Seng Index  .HSI  edges down 0.1%
    ** As of last close, stock has risen 15.5% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))