China's restaurant group Jiumaojiu jumps most in 5 weeks on robust estimates

Jiumaojiu International Holdings

25/02/2022 06:47

** Shares of China's restaurant operator Jiumaojiu
International Holdings Ltd  9922.HK  surge as much as 8.2% to
HK$19.30, the biggest daily percentage gain since Jan. 20
    ** Guangdong, China-based company expects its 2021 net
profit to jump 165.9% year-on-year to 330 mln yuan ($52.24 mln)
with revenue up 51% to 4.1 bln yuan due to strong revenue growth
in restaurant operations driven by expansion of restaurant
network  urn:newsml:reuters.com:*:nFWN2UX0YD
    ** Daiwa maintains a "buy" rating on the stock and sees key
risk from weaker-than-expected consumer sentiment
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.4%
and Hang Seng consumer goods and services index  .HSCGSI  rises
1.2%
    ** Hang Seng China Enterprises Index  .HSCE  eases 0.3% and
the benchmark Hang Seng Index  .HSI  slips 0.6%



($1 = 6.3167 Chinese yuan renminbi)

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