China's Hua Hong Grace Semiconductor rises as Q3 profit soars

Hua Hong Grace Semiconductor

Yesterday 02:59

** Hong Kong shares of Hua Hong Grace Semiconductor 1347.HK climb 6.5% to HK$71.65, their highest level since October 22 
** Shanghai-listed stock 688347.SS rises 8% to 175 yuan, highest point since October 21
** Hua Hong says its Q3 net profit attributable up 147.1% y/y to $123.4 million, revenue up 19.9% to $987.1 million
** Expects revenue for Q4 to be in $1.08 billion to $1.09 billion range 
** YTD, Shanghai-listed shares up 60.3%, Hong Kong stock down 5.3%, Hang Seng TECH Index .HSI down 25.2%



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