HK's Lee & Man Chemical hits near 3-year high on upbeat results forecast

Lee & Man Chemical

06/07/2021 05:46

** Shares of chemical products manufacturer and distributor
Lee & Man Chemical Co Ltd  0746.HK  surge 13.1% to HK$5.77, the
highest since October 2018
    ** Stock, which is also on course for the best day since
October 2018, is the ninth biggest percentage gainer on the Hong
Kong bourse
    ** Company expects its profit for six-months ended in June
to increase 260%-280% compared to the year-ago period thanks to
an increase in sales volume, selling prices of products, among
other things  urn:newsml:reuters.com:*:nFWN2OF0FN
    ** The Hong Kong Hang Seng Commerce & Industry index  .HSNC 
falls 1.5% and the material index  .HSCIM  slips 0.9%
    ** The Hang Seng China Enterprises index  .HSCE  eases 0.4%
and the benchmark index  .HSI  slides 0.6%
    ** Stock had surged 46.6% this year, as of last close 

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