HK shares of China's Hisense hit 10-week peak on robust earnings outlook

Hisense Home Appliances

12/10/2023 07:31

** Hong Kong shares of Hisense Home Appliances Group Co Ltd
 0921.HK  jump 11.9% to HK$21.35, highest since Aug. 3
    ** Stock set for the biggest one-day pct rise since April
17, if gains hold
    ** Shenzhen-listed stock  000921.SZ  surges as much as 9.9%
to 24.88 yuan, highest since Sept. 1
    ** Chinese home electric appliances maker estimates its net
profit for the first 9 months of 2023 to jump 120-131% YoY to
2.36-2.47 bln yuan ($323.3-338.37 mln) as its scale, profit,
capital and operation quality improves 
    ** Co expects Q3 net profit to up 91-115% to 859.4-968.4 mln
yuan  
    ** Hang Seng Commerce & Industry Index  .HSNC  adds 1.8% and
Hang Seng Index  .HSI  rises 2.1%


($1 = 7.2997 Chinese yuan renminbi)

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