HK's property manager Cifi soars on share buyback plan, rivals jump

S Enjoy Service

28/07/2021 07:12

** Shares of property management services group Cifi Ever
Sunshine Services Group Ltd  1995.HK  jump 18.6% to HK$14.56, on
course for the best day since Jan. 6 
    ** Stock is on track to snap three straight sessions of
losses; the second-biggest percentage gainer on the Hang Seng
Composite Index  .HSCI  
    ** Cifi Ever Sunshine expects net profit for six months
ended in June to jump more than 55% from a year ago period due
to an increase in properties under management and revenue growth
in value-added services  urn:newsml:reuters.com:*:nFWN2P319H
    ** Says it may repurchase up to 167.04 mln shares, or 10% of
the issued share capital, in open market to demonstrate its
confidence in its long-term business prospects  urn:newsml:reuters.com:*:nFWN2P319W
    ** Bigger rival Country Garden Services Holdings  6098.HK 
surges 14.7% to HK$58.85, best day since Jan. 6, after planning
to repurchase up to 307.4 mln shares in open market  urn:newsml:reuters.com:*:nFWN2P30RE
    ** Country Garden Services is the biggest percentage gainer
in the Hang Seng Index  .HSI  and the fourth biggest in the Hang
Seng Composite Index  .HSCI  
    ** S Enjoy Service Group  1755.HK  rises 11.5% to HK$17.08,
best day since March 12, after it says to buy back 87.2 mln
shares in open market  urn:newsml:reuters.com:*:nFWN2P31BK
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  rises 1.3%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 1%
and the benchmark index  .HSI  gains 0.4%


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