Chemical group Dongyue rises on robust earnings outlook

Dongyue

19/03/2025 04:54

** Shares of polymers and refrigerants products producer Dongyue Group 0189.HK rise 5.1% to HK$9.72, their highest since March 12, and on track for a second session of gain

** Stock set for the biggest one-day rise since February 26

** The chemical company, with current market capitalisation of HK$16.83 billion ($2.17 billion), expects its 2024 profit attributable to rise more than 14% y/y as demand for refrigerant in China increases while cost and expenses decreases amid cost control

** Hang Seng Commerce & Industry Index .HSNC slips 0.1% while Hang Seng Index .HSI adds 0.2%

** Stock up 13.9% YTD

($1 = 7.7703 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))