SenseTime jumps most in 11 months on first-half profit expectation
BUZZ-SenseTime jumps most in 11 months on first-half profit expectation ** Shares of SenseTime Group Inc 0020.HK jump 13.2% to HK$1.59, on track for biggest one-day pct rise since September 17, 2025
** Stock hits the highest level since August 5, up after two straight sessions of declines
** Top pct gainer in the Hang Seng TECH Index .HSTECH, which rises 2%
** The developer of AI infrastructure and big models expects H1 net profit to be in 500 million yuan-700 million yuan ($74.18 million-$103.85 million) range, compared to a 1.49 billion yuan loss a year earlier
** Says improvement due to a reduction in loss in principal businesses and gain from fair value changes in investment portfolio within the AI ecosystem strategically built by the company throughout the years
** YTD, stock down 30.9%, benchmark Hang Seng Index .HSI down 0.5%
($1 = 6.7408 Chinese yuan)
(Reporting by Donny Kwok)
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