China's Nine Dragons Paper sees best day in 2 weeks on robust earnings outlook

Nine Dragons Paper (Holdings)

28/01/2021 05:40

** Shares of China's packaging paper products maker Nine
Dragons Paper (Holdings) Ltd  2689.HK  rise as much as 5.4% to
HK$12.58, their highest since Jan. 21
    ** Stock, last up 4.7%, is poised for its best session since
Jan. 14
    ** Company expects net profit for six months ended in
December to increase at least 60% from the previous year due to
growth of sales revenue and increase in gross profit margin
 urn:newsml:reuters.com:*:nFWN2K21Q0
    ** Says the interim results will be published before the end
of February 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 1.5%
    ** The Hang Seng China enterprises index  .HSCE  drops 1.7%,
and the benchmark index  .HSI  falls 1.8%
    

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