China's MicroPort NeuroTech climbs to 6-week peak on solid outlook

MicroPort NeuroScientific

24/07/2024 04:16

** Shares of medical devices developer MicroPort NeuroTech
Ltd  2172.HK  jump 14.2% to HK$8.29, their highest since June 11
    ** Stock posts biggest intraday pct gain since July 11
    ** Co expects to post net profit of 130 mln-150 mln yuan 
($17.9-$20.6 mln) for the six-month period ended in June, up
124%-158% Y/Y, while revenue up 34%-37% Y/Y  
    ** Hang Seng Commerce & Industry Index  .HSNC  eases 0.6%,
healthcare index  .HSCIH  slips 0.04% and Hang Seng Index  .HSI 
down 0.5%
    ** MicroPort stock down 40.7% YTD  
    ($1 = 7.2756 Chinese yuan)

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