Guangdong Investment eyes best day in 5 months on solid earnings, higher dividend

Guangdong Investment

31/08/2022 04:16

** Shares of water distribution and sewage treatment group
Guangdong Investment Ltd  0270.HK  rise as much as 5.4% to
HK$7.48, heading for their biggest daily pct gain since March 17
    ** Stock hits the highest since Aug. 23 and on track to snap
two straight sessions of fall
    ** Chinese co says H1 net profit rose 6.9% from a year ago
to HK$2.95 bln ($375.86 mln)  urn:newsml:reuters.com:*:nFWN3060M0
    ** Declares an interim dividend of HK$0.1871 per share, up
3% from the same period last year 
    ** Says total volume of water supply to Hong Kong, Shenzhen
and Dongguan amounted to 1,119 mln tonnes, generating HK$3.45
bln in revenue; Of this, revenue from water sales to Hong Kong
rose by 1.1% to HK$2.7 bln 
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.5% and the Composite Industry Index on consumer staples
 .HSCICS  slips 0.9%
    ** The Hang Seng Composite Index  .HSCI  eases 1.2% and the
Hang Seng Index  .HSI  slides 1.3%
    ** As of last close, the stock had fallen 28.4% this year


($1 = 7.8487 Hong Kong dollars)

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