IT group Digital China sees best day in 4-1/2 months on robust earnings outlook

Digital China Holdings

28/01/2021 05:06

** Shares of integrated information technology services
provider Digital China Holdings Ltd  0861.HK  rise as much as
7.5% to HK$6.15, on track to snap five straight sessions of
decline 
    ** Stock last up 5.8%, poised for the best day since Sept. 
16; the biggest percentage gainer among the constituents in Hang
Seng sub-index tracking information technology firms  .HSCIIT  
    ** Co expects 2020 net profit to rise more than 80% from the
previous year to over HK$550 mln ($70.9 mln), due to sustained
growth and improvement in operational efficiency of its business
segments  urn:newsml:reuters.com:*:nFWN2K11AA
    ** The Hang Seng sub-index tracking information technology
firms falls 1.9%, and the Hang Seng Tech Index  .HSTECH  drops
2.8%
    ** The Hang Seng China enterprises index  .HSCE  slips 1.9%,
and the benchmark index  .HSI  is down 2%
($1=7.7529 Hong Kong dollars)

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