HK-listed Regina Miracle hits 3-1/2-month high on robust profit growth estimate

Regina Miracle International (Holdings)

14/06/2022 04:07

** Shares of intimate wear manufacturer Regina Miracle
International (Holdings) Ltd  2199.HK  rise as much as 7.4% to
HK$5.65, their highest since March 1
    ** Stock set for the biggest daily pct rise since June 9 if
gains hold, and on track for a second straight session of gain
    ** Co expects net profit to quadruple to HK$500 mln ($63.70
mln) in fiscal year ended in March, thanks to an improvement in
production efficiency and economy of scale  urn:newsml:reuters.com:*:nFWN2Y005M
    ** Says intimate wear sales fully restored and outpaced
pre-pandemic level, while sales of sports bras, consumer
electronics and footwear products remained strong with growth
expected to continue in fiscal 2023 
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.4% and the Hang Seng Composite Index on industrials  .HSCIIG 
drops 1.8%
    ** The Hang Seng Composite Index  .HSCI  eases 1.1% and the
Hang Seng Index  .HSI  slips 0.9%
    ** As of last close, stock had fallen 19.1% this year
($1 = 7.8499 Hong Kong dollars)

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