China's restaurant chain Jiumaojiu hits 7-week peak on upbeat outlook

Jiumaojiu International Holdings

26/07/2023 05:03

** Shares of Chinese restaurant chain operator Jiumaojiu
International Holdings Ltd  9922.HK  jump as much as 9.4% to
HK$14.26, their highest since June 7, and on course for a second
session of gains
    ** Stock is the sixth-biggest pct gainer in Hang Seng
Composite Index  .HSCI  
    ** The Guangdong-based co estimates its H1 revenue to jump
51.7% YoY to 2.88 bln yuan ($402.44 mln) with net profit of up
281.3% YoY to not less than 220 mln yuan as it expands its
restaurant network, among others 
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 0.9%
and Hang Seng Consumption Index  .HSCGSI  slips 0.4%
    ** Hang Seng Composite Index  .HSCI  eases 0.7% and Hang
Seng Index  .HSI  declines 0.8%
    ** As of last close, stock down 37.5% this year

     ($1 = 7.1563 Chinese yuan)

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