HK's financial group DL hits 3-1/2 yrs high on upbeat first-half forecast

DL Holdings

30/10/2020 06:27

** Shares of DL Holdings Group Ltd  1709.HK , an apparel
products distributor and financial services provider, soar as
much as 47.4% to HK$1.43, the highest since April 2017, snapping
two straight sessions of gain
    ** Stock last up 44.3%, set for the best day since March
2017; the biggest percentage gainer on the Hong Kong bourse 
    ** Co expects to post HK$65 mln ($8.39 mln) profit for six
months ended September, compared with a HK$47.5 mln loss the
same period a year ago, due to expansion of financial services
business and fair value gain of financial assets  urn:newsml:reuters.com:*:nFWN2HK1YT
    ** The Hang Seng Finance Index  .HSNF  falls 1.8%
    ** The Hang Seng China enterprises index  .HSCE  declines
1.7%, and the benchmark index  .HSI  drops 1.6%
    ** As of last close, the stock had surged 44.8% this year


($1 = 7.7500 Hong Kong dollars)

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