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1783 Envision Greenwise Holdings News Story

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Envision Greenwise climbs most in 2 weeks on upbeat earnings outlook

BUZZ-Envision Greenwise climbs most in 2 weeks on upbeat earnings outlook 

** Shares of Envision Greenwise Holdings 1783.HK jump 4.7% to HK$4.48, on track for the biggest one-day pct gain since June 1

** Stock touches the highest point since June 8 in the second rising session

** The green energy infrastructure solutions provider expects annual net profit to be in HK$58-63 mln ($7.4-$8.04 mln) range for year ended in March, as compared to HK$15.7 mln net loss in the previous year

** Co, with market capitalisation of $1.65 bln, says the turnaround and increase in net profit is due to substantial growth in reverse supply chain management and environmental related service segment, among others

** YTD, stock up 37.7%, while benchmark Hang Seng Index .HSI down 4%



($1 = 7.8346 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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