HK-listed refrigerants maker Dongyue rises most in 3 mths on upbeat earnings view

Dongyue

17/06/2021 07:07

** Shares of Chinese refrigerants and organic silicone
manufacturer Dongyue Group Ltd  0189.HK  rise 6.9% to HK$5.57,
the biggest intraday percentage gain since March 17, on course
to snap two straight sessions of decline
    ** Shandong-based company says it has recorded more than 50%
year on year jump in net profit for the first five months of
2021, and expects a significant increase in the net profit for
six months ending June  urn:newsml:reuters.com:*:nFWN2NY0M9
    ** Says the jump is due to an increase in demand and prices
of its products as China's economy and market sentiment recover
on improvement of the pandemic situation 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.4%, and material index  .HSCIM  climbs 0.2%
    ** The Hang Seng China enterprises index  .HSCE  edges down
0.1%, while the benchmark index  .HSI  gains 0.1%
    ** Stock down 15.3% this year as of last close

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