HK-listed Sany Heavy Equipment surges on robust earnings view

Sany Heavy Equipment International Holdings

17/01/2019 03:39

** Shares of Sany Heavy Equipment International Holdings Co
Ltd  0631.HK  rise as much as 8.4 pct, set for biggest daily pct
gain since Oct 16, after the mining equipment and port machinery
maker signals of sharp rise in 2018 profit  
    ** Co expects 2018 profit to "increase significantly" from
the previous year as sales rise amid increasing demand for
replacement of coal mining equipment with coal prices remaining
at high levels during the year  urn:newsml:reuters.com:*:nFWN1ZF1AL
    ** Co says domestic railway container transportation
increased rapidly and use of container-lifting equipment in the
railway market also boosts orders and sales revenue of port
machinery equipment 
    ** Sany Heavy Equipment has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 8.7 percentage
points in the past one month
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.3
pct, and the benchmark index  .HSI  edges up 0.2 pct

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