HK's recliner sofas maker Man Wah rises most in over 3 months on strong results

Man Wah Holdings

14/05/2021 08:32

** Shares of recliner sofas maker Man Wah Holdings Ltd
 1999.HK  rise as much as 10.2% to HK$16.78, their biggest
intraday percentage gain since Feb 8, on track to snap five
straight sessions of losses
    ** Company says its profit jumped 17.4% from the previous
year to HK$1.92 bln ($247.2 mln) for the fiscal year ended in
March with revenue surging 35.3% to HK$16.4 bln, of which
revenue from China market soared 61.9%  urn:newsml:reuters.com:*:nFWN2N01IJ
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges up 0.1%, and the Hong Kong Hang Seng consumer goods and
services index  .HSCGSI  climbs 0.7%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.6%, and the benchmark index  .HSI  rises 1.1%
    ** As of last close, the stock had fallen 9.5% this year


($1 = 7.7664 Hong Kong dollars)

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