HK's Kingboard rises on strong earnings outlook

Kingboard Holdings

09/02/2021 02:59

** Shares of laminates products maker Kingboard Holdings
 0148.HK , formerly Kingboard Chemical Holdings, rise as much as
7.1% to HK$35.30 - their highest since Jan 26
    ** Stock last up 5.6%, on track for best session since Feb 2
    ** Co expects 2020 net profit to rise over 35% from a year
ago due to growth in selling price and gross profit margin of
its laminates and printed circuit board products in H2
 urn:newsml:reuters.com:*:nFWN2KE07S
    ** Says sale of residential properties during FY also
boosted earnings 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges up 0.1%, while the Hong Kong benchmark index  .HSI  slips
0.1%

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