China's teahouse operator Nayuki jumps on smaller annual loss, recovery hopes

Nayuki Holdings

31/03/2023 06:44

** Shares of teahouse operator Nayuki Holdings Ltd  2150.HK 
jump as much as 18.3% to HK$8.59, their highest since March 6
    ** Stock on track for a third straight session of gain;
second biggest pct gainer in the Hang Seng Composite Index
 .HSCI  
    ** Guangdong, China-based co says its 2022 loss attributable
to equity shareholders narrowed to 469.3 mln yuan ($68.39 mln)
from 2021's 4.52 bln yuan loss, with revenue down 0.1%
year-on-year to 4.29 bln yuan 
    ** "We see a sign of recovery," Nayuki says in a statement.
"We believe we have reasons to be optimistic about 2023."
    ** The Hang Seng Commerce & Industry Index  .HSNC  surges
1.5% and the Hang Seng Consumption Index  .HSCGSI  gains 02% 
    ** The Hang Seng Composite Index climbs 0.6% and the Hang
Seng Index  .HSI  adds 0.7%

($1 = 6.8622 Chinese yuan)

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