HK-listed Shimao Services jumps on robust earnings outlook

Shimao Services Holdings

28/07/2021 08:01

** Shares of Shimao Services Holdings Ltd  0873.HK  jump 13%
to HK$18.56, on course for their best day since Jan. 6
    ** Stock is on track to snap three consecutive sessions of
declines
    ** Shimao Services is the sixth biggest percentage gainer on
the composite industry index tracking properties and
construction stocks  .HSCIPC  
    ** Property management arm of Shimao Group Holdings
 0813.HK  expects its H1 net profit to jump not less than 120%
from a year ago, due to an increase in properties under
management and revenue growth in value-added services
 urn:newsml:reuters.com:*:nFWN2P30ET
    ** Shares of Shimao Group  0813.HK  rise 1.4%
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  rise 1.1%, and the Composite Industry Index tracking
properties and construction stocks  .HSCIPC  surges 1.7%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs
1.8%and the benchmark index  .HSI  gains 1.1%
    ** Shimao Services has surged 37.3% this year, as of last
close 

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