HK-listed retailer Dickson Concepts hits 4-mth high on earnings optimism

Dickson Concepts (International)

09/11/2018 02:34

** Shares of Dickson Concepts (International) Ltd  0113.HK 
rise as much as 7.4 pct to HK$3.64, the highest since July 12,
after the luxury goods retailer says it expects strong growth in
sales on an improved retail climate 
    ** The stock is heading for the best day since June 8 
    ** Dickson Concepts, which has the distributorship of Polo
and Ralph Lauren products in Asia, expects to record a
significant increase in profit for the six months ended
September amid growth in sales turnover as the retail climate in
Hong Kong and Southeast Asia improves  urn:newsml:reuters.com:*:nFWN1XJ075
    ** It says its balance sheet and net cash position remain
strong and the company will take advantage of further
improvements in market conditions 
    ** As of the last close, the stock has risen 11.2 pct so far
this year
    ** The Hong Kong benchmark index  .HSI  falls 1.8 pct

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