HK-listed shipping firm CSSC hits 16-mth high on upbeat earnings outlook

CSSC (Hong Kong) Shipping Co

20/01/2021 02:15

** Shares of ship leasing services provider CSSC Hong Kong
Shipping Co Ltd  3877.HK  rise as much as 21.8% to HK$1.34, the
highest since September 2019
    ** Stock last up 18.2%, poised for the best day since
listing in June 2019; ninth biggest percentage gainer among all
listed companies on the Hong Kong bourse 
    ** CSSC expects its 2020 profit to rise 26% year-on-year due
to an increase in contribution from its joint venture firms and
a decrease in finance cost during the period  urn:newsml:reuters.com:*:nFWN2JU08C
    ** Says the annual results will be published in March
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 1.5%
    ** The Hang Seng China enterprises index  .HSCE  climbs 1%
and the Hong Kong benchmark index  .HSI  gains 0.5%

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