HK-listed IMAX China eyes best day in over 4 months on profit forecast

IMAX China Holding

19/07/2021 02:44

** Shares of cinematic technology provider IMAX China
Holding Inc  1970.HK  rise 10.9% to HK$12.20, on course for
their best day since March 5
    ** Stock hits the highest since June 18 and on track for a 
second session of gain; the third biggest percentage gainer on
the Hong Kong bourse
    ** Hong Kong-listed unit of IMAX Corp  IMAX.N  expects up to
$20 mln profit for the six months ended in June, compared to $35
mln loss a year earlier  urn:newsml:reuters.com:*:nFWN2OT00C
    ** Cites recovery in box office revenue on reopening of IMAX
theaters on the mainland and an increase in theater system
installations 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 1.2%, and the consumer goods and services index  .HSCGSI 
slips 0.7%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 1.3%,
and the benchmark index  .HSI  eases 1.1%
    ** As of last close, the stock had fallen 16.2% this year 

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