New Zealand's Fisher & Paykel rises to 9-month high on upbeat forecast

Fisher & Paykel Healthcare

19/01/2023 23:30

** Shares of Fisher & Paykel Healthcare Corp Ltd  FPH.NZ 
rise as much as 5.9% to NZ$26.470, their highest since March 23 
    ** The New Zealand-based respiratory products maker says it
expects full-year operating revenue for FY23 to be within the
range of about NZ$1.55 bln ($991 mln) to NZ$1.60 bln
    ** Says seeing increased sales of its hospital hardware and
consumables in China 
    ** Stock posts biggest intraday pct gain since Nov. 29
    ** More than 634,000 shares change hands, vs the 30-day
average volume of 476,000 shares
    ** Stock has risen 10.6% this year, as of last close
($1 = 1.5637 New Zealand dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))