HK-listed developer Haitian Int'l surges on robust H1

Haitian International Holdings

21/08/2018 08:00

** Shares in China-based property developer Haitian
International Holdings Ltd  1882.HK  jump 13 pct to HK$18, the
highest since Aug. 13, after it posts strong first half results
    ** Stock is set for its best day in more than 8 years 
    ** The developer reports its H1 revenue rises 16.7 pct to
5.88 billion yuan ($855.40 million), and profit attributable is
up 24.2 pct to 1.17 billion yuan ($170.21 million)  urn:newsml:reuters.com:*:nFWN1VB0FP
    ** As of the previous close, the stock has fallen 32.17
percent so far this year
    ** As of 0627 GMT, about 1.39 million shares of the
Zhejiang-based company have been traded, about 96.3 percent of
their 30-day moving average of 1.44 million shares a day
    ** Hong Kong benchmark index  .HSI  gains 0.5 pct, and an
index tracking major property firms  .HSNP  is up 0.64 pct
    ($1 = 6.8740 Chinese yuan)

 ((Reuters Messaging: Cheng.Li.thomsonreuters.com@reuters.net))