HK-listed Ping An Healthcare hits near 7-wk high on solid H1 results

Ping An Healthcare and Technology Co

07/08/2019 08:21

** Shares of Ping An Healthcare and Technology Co Ltd
 1833.HK  surge as much as 9.9% to HK$35.70, their highest since
June 21, after China's biggest online healthcare platform
operator posts solid improvement in first-half results  
    ** Co says H1 total revenue surging 102.4% to 2.27 billion
yuan ($322.3 million), of which revenue from online medical
services growing 80.5%, amid huge demand for healthcare services
in China and increasing healthcare spending  urn:newsml:reuters.com:*:nFWN2511D9
    ** Co, a unit of Ping An Insurance (Group) Co of China Ltd
 601318.SS   2318.HK  says H1 net loss was at 272.5 million
yuan, narrowing from 444.2 million yuan loss in a year ago
period 
    ** As of Tuesday's close, the stock has risen 17.8% this
year
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.6% on Wednesday
    ** The Hang Seng China enterprises index  .HSCE  eases 0.3%,
and the benchmark index  .HSI  edges down 0.1%
    


($1 = 7.0436 Chinese yuan renminbi)

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