Hong Kong's Modern Dental jumps most in nearly 6 years on turnaround hopes

Modern Dental

17/08/2021 05:56

** Shares of prosthetic devices producer and distributor
Modern Dental Group Ltd  3600.HK  jump 39.8% to HK$10, the
biggest daily percentage gain since listing in December 2015
    ** Stock hits the highest since listing; the biggest
percentage gainer on the Hong Kong bourse
    ** Co expects its first-half net profit to amount as much as
HK$245 mln ($31.5 mln), compared with HK$140 mln loss in the
same period in 2020, thanks to strong sales amid solid recovery
in the dental industry  urn:newsml:reuters.com:*:nFWN2PM077
    ** Says the first-half results set to announce by end-August
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 1.5% and the healthcare index  .HSCIH  drops 2%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 0.9%
and the benchmark index  .HSI  down 0.7%
    ** The stock had soared 379.9% this year as of last close
    
($1 = 7.7850 Hong Kong dollars)

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