HK-listed miner CST soars most in 12 years on robust earnings forecast

CST

04/05/2021 03:09

** Shares of mining group CST Group Ltd  0985.HK  soar as
much as 88.9% to HK$3.40, their highest since June 2018, on
course for second consecutive session of gains
    ** Stock last up 52.2%, on track for the best day since May
2009; the second biggest percentage gainer on the Hong Kong
bourse 
    ** Company expects its net profit for financial year ended
in March 2021 to be not less than $295 mln, compared with a net
loss of $295 mln in the previous year, thanks to fair value gain
of financial assets and an exchange gain from coal mining
business  urn:newsml:reuters.com:*:nFWN2MQ0K0
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges down 0.02%, and the benchmark index  .HSI  gains 0.1%
    ** As of last close, the stock had slid 2.2% this year


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