HK-listed handset maker FIH jumps most in over 3 mths on upbeat outlook
03/12/2021 04:32
** Shares of handset maker FIH Mobile Ltd 2038.HK surge
9.3% to HK$1.29, the biggest daily pct gain since Aug 24
** Stock hits highest since Oct. 20; the second biggest
percentage gainer in the Hang Seng sub-index tracking
information technology firms .HSCIIT , and the ninth biggest
gainer in the Hang Seng Composite Index .HSCI
** Company says it is likely to record a consolidated net
profit for 2021, compared with yearly loss of $173.8 mln in 2020
for the year ended 31 December 2020 urn:newsml:reuters.com:*:nFWN2SN0UA
** Hon Hai Precision Industry's 2317.TW unit says improved
financial performance is due to year-on-year improvement in
gross margins and operating margins
** Says final results announcement is scheduled to be
published by March 2022
** Stock of Hon Hai Precision Industry climbs 0.5%
** Hang Seng sub-index tracking information technology firms
.HSCIIT falls 3.3% and Hang Seng Composite Index .HSCI slips
0.8%
** Hang Seng China Enterprises Index .HSCE drops 1.2% and
the benchmark Hang Seng Index .HSI eases 0.7%
** Stock of FIH up 24.2% this year as of last close
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))