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9636 — JF SmartInvest Holdings News Story

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JF SmartInvest jumps most in 3 weeks on share buyback plan

** 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))

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