HK-listed iron ore miner China Hanking soars on strong H1 outlook

Hanking Gold International

08/07/2020 08:30

** Shares of iron ore and gold miner China Hanking Holdings
Ltd  3788.HK  surge as much as 20.9% to HK$1.97, their highest
since April 17
    ** Stock later trims gain to HK$1.82, still 11.7% higher,
heading for best session since Feb 14
    ** Co expects H1 profit to rise 50%, compared with last
year, amid substantial increase in sales volume of high-purity
iron business and planned development of other
businesses urn:newsml:reuters.com:*:nFWN2EE0IC
    ** Interim results will be published in mid-August 
    ** By last close, the stock had fallen 1.8% this year 
    ** Liaoning-based China Hanking has underperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 10.4 percentage
points in the past month
    ** The Hang Seng China enterprises index  .HSCE  rises 1.3%,
and the benchmark index  .HSI  gains 0.4%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)