HK-listed auto group Grand Baoxin near 2-year high on robust earnings outlook

Grand Baoxin Auto

06/07/2021 05:11

** Shares of motor vehicles distributor and services
provider Grand Baoxin Auto Group Ltd  1293.HK  jump as much as
26.4% to HK$1.87, their highest since July 2019 
    ** Stock last up 16.2%, on track for the best day since July
2019; the third biggest percentage gainer on the Hong Kong
bourse
    ** Shanghai-based company expects its profit for six months
ended in June to increase not less than 300% as compared with
the year-ago period, fuelled by strong growth in sales of luxury
brands such as BMW, Jaguar & Land Rover  urn:newsml:reuters.com:*:nFWN2OF0A7
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  slips 1.1%
    ** The Hang Seng China Enterprises Index  .HSCE  eases 0.4%,
and the benchmark index  .HSI  slides 0.6%
    ** As of last close, the stock had soared 78.3% this year 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))