HK-listed Meitu jumps most in 3 weeks on robust earnings estimates

Meitu

21/02/2023 02:27

** Shares of China's online advertising and internet
value-added services provider Meitu Inc  1357.HK  jump as much
as 19.6% to HK$2.68, and on course for the biggest daily pct
rise since Feb. 1 if gains hold
    ** Stock hits the highest since Feb. 10 on the second
session of rise; biggest pct gainer in Hang Seng sub-index on
information technology firms  .HSCIIT  and second biggest in
Hang Seng Composite Index  .HSCI  
    ** Co expects to record a net profit of up to 130 mln yuan
($18.94 mln) for 2022 as compared to a net loss of 44.5 mln yuan
in 2021 due to fair value gain on financial assets
     ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 1.4%, and the Hang Seng Tech
Index  .HSTECH  declines 1.1%
    ** The Hang Seng Composite Index  .HSCI  slips 0.3% and the
Hang Seng Index  .HSI  eases 0.8%
($1 = 6.8630 yuan)
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))