HK-listed cable maker Putian at 2-week high on bullish H1 f'cast

Putian Communication

22/08/2018 04:45

** Shares of Putian Communication Group Ltd  1720.HK  rise
as much as 7.8 pct to HK$3.05, its highest since Aug. 10, after
the communication cable manufacturer flags strong growth in H1  
    ** The stock later trims gains to HK$2.93, still up 3.5 pct
and heading for the best day since July 26
    ** Co expects "significant" rise in H1 profit amid an
increase in sales of optical fiber cables, structured cabling
system products and communication copper cables  urn:newsml:reuters.com:*:nFWN1VC09T
    ** As of the previous close, the stock has risen 83.77
percent so far this year
    ** Putian has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 5.2 percentage points in the past month 
    ** As of 0333 GMT, about 336,000 shares of the Jiangxi-based
company have been traded, compared with their 30-day moving
average of 1.15 million shares a day
    ** Hong Kong benchmark index  .HSI  climbs 0.5 pct

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