** Shares of JF SmartInvest Holdings 9636.HK surge 17.6% to HK$49.48, on course for the biggest one-day pct rise since January 6, snapping seven consecutive sessions of decline
** The securities investment advisory group, with market capitalisation of HK$20.72 bln ($2.66 bln), says its board has approved an on-market share buyback plan to repurchase as much as 44.8 mln shares for up to $100 mln
** The proposed share buyback plan reflects the confidence of the board in the prospects of the company - co
** YTD, stock down 9%, benchmark Hang Seng Index .HSI up 5.6%
($1 = 7.7971 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))