HK-listed data service firm HC Group hits 3-week high on H1 outlook

HC

06/08/2018 04:54

** Stock of HC Group Inc  2280.HK  surges 8.1 pct to
HK$4.65, its highest since July 16, after the data services
provider flags strong performance in first half of 2018 
    ** Co expects to post 170 pct rise in H1 revenue and 30-50
pct growth in profit amid sharp growth in revenue from
transaction and data services segments and gains generated from
investments (https://bit.ly/2KtDdYN)
    ** Co is due to publish H1 results later in August
    ** As of the previous close, the stock had fallen 24.96
percent so far this year. 
    ** As of 0334 GMT, about 2.86 million shares of the
Beijing-based company have been traded, compared with their
30-day moving average of 1.30 million shares a day
    ** Hong Kong benchmark index  .HSI  climbs 0.7 pct

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