HK department store group Henderson Investment at 8-month high on strong outlook

Henderson Investment

27/01/2021 03:35

** Shares of department store and supermarket operator
Henderson Investment Ltd  0097.HK  surge as much as 29.4% to
HK$0.44, their highest since May 21, 2020 and on track to snap
two consecutive sessions of losses
    ** Stock last up 16.2%, poised for the best session since
September 2014; among the 30 biggest percentage gainers of all
listed companies on the Hong Kong bourse 
    ** Retail arm of Henderson Land  0012.HK  expects its 2020
profit to more than double from 2019 helped by an increase in
demand for food and daily necessities at its supermarkets,
rental concessions from landlords, and wage subsidies from the
Hong Kong government  urn:newsml:reuters.com:*:nFWN2K00ZK
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  gains 0.1%, while the benchmark index  .HSI  edges down
0.01%

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