HK's finance group Mason jumps to 3-mth high on H1 forecast

Mason group

21/08/2018 03:05

** Shares of Mason Group Holdings Ltd  0273.HK  surge 11.3
pct to HK$0.177, the highest since May 23, after the financial
services provider flags strong first-half profit growth   
    ** Co expects its H1 profit to jump by over 16 times from
the same period in 2017 amid an increase in profit from margin
and loan financing services, securities brokerage services and
distribution of mother-infant child products  urn:newsml:reuters.com:*:nL8N1VB2AE
    ** Co, with market value of $967 million, says decrease in
net fair value loss on investment held for trading and gain on
sale of interest in subsidiaries also boost profit
    ** Co is due to announce H1 results on Aug. 27
    ** As of the previous close, the stock had risen 23.26
percent so far this year
    ** Mason has outperformed the Hang Seng Finance Index sector
 .HSNF  by 3.3 percentage points in the past month
    ** About 26.38 million shares of the Hong Kong-based company
change hands, compared with their 30-day moving average of 16.16
million shares a day
    ** Hong Kong's benchmark index  .HSI  rises 0.3 pct
    ($1 = 7.8494 Hong Kong dollars)

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