HK advertising firm Pacific Online hits near 16-month high on robust forecast

Pacific Online

26/02/2019 03:16

** Shares of Pacific Online Ltd  0543.HK  surge as much as
16 pct to HK$1.52, their highest since Nov. 8, 2017, after the 
internet advertising services provider says it expects solid
growth in yearly results
    ** Co expects its 2018 net profit to increase 20-30 pct from
a year ago amid sales improvement and cost control  urn:newsml:reuters.com:*:nFWN20K145
    ** As of the previous close, the stock had risen 27.2 pct so
far this year
    ** Pacific Online has underperformed the Hang Seng Commerce
& Industry Index sector  .HSNC  by 6.4 percentage points in the
past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  eases 0.4 pct

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