Hisense Home Appliances' HK shares hit record high on robust earning estimate

Hisense Home Appliances

17/04/2023 07:58

** Hong Kong shares of Hisense Home Appliances Group Co Ltd
 0921.HK  soar as much as 35.7% to HK$18.56, their highest since
July 1996 debut
    ** Stock sixth-biggest pct gainer on the Hong Kong bourse
    ** Chinese home electric appliances maker says it expects
its Q1 net profit to jump 100%-135% from a year ago to 532.5 mln
- 625.3 mln yuan ($77.51 mln - $91.01 mln)
    ** Says increase is due to measures taken to improve
profit-earning capabilities and operation qualities, including
enhancing sales channel structure and product mix and optimising
supply chain management system
    ** Co's Shenzhen-listed shares  000921.SZ  surge 10% to
22.53 yuan, highest since September 1999 
    ** In China, the blue-chip CSI 300 Index  .CSI300  and the
Shanghai Composite Index  .SSEC  both rise 1.3%
    ** In Hong Kong, the Hang Seng Commerce & Industry Index
 .HSNC  jumps 1.6% and the Hang Seng Composite Index tracking
industrials  .HSCIIG  climbs 1%
    ** The Hang Seng Composite Index  .HSCI  rises 1.4% and the
Hang Seng Index  .HSI  surges 1.7%

($1 = 6.8703 Chinese yuan)

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