HK's software developer Inspur hits 15-week high on robust earnings view

Inspur Digital Enterprise Technology

17/01/2019 07:18

** Shares of Hong Kong-based Inspur International Ltd
 0596.HK  rise as much as 4.9 pct to HK$3.82, the highest since
Oct. 2, after the software developer and financial cloud
solutions provider forecast strong earnings for 2018
    ** Stock heading for its third straight session of gains 
    ** Co expects to see a 150 pct year-on-year jump in 2018
profit to more than HK$300 mln ($38.2 mln) amid an increase in
income from software management and cloud services business and
as its gross profit improves  urn:newsml:reuters.com:*:nFWN1ZG0SS
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  edges up 0.2 pct, while the benchmark
index  .HSI  eases 0.4 pct
($1 = 7.8443 Hong Kong dollars)

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