China's fertilizer producer Sinofert hits 9-week high on strong H1 forecast

Sinofert Holdings

12/07/2019 02:52

** Shares of Sinofert Holdings Ltd  0297.HK  rise as much as
5.6% to HK$0.95, their highest since May 7, after the Chinese
fertilizer producer forecast strong growth in first half profit
    ** Co expects its first half profit to rise 35%-55% amid
growth in gross profit of its major fertilizer production units
 urn:newsml:reuters.com:*:nFWN24C012
    ** Co says will publish interim results in August 
    ** Sinofert has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 3.1 percentage points in the
past month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.1%
    ** The Hang Seng China enterprises index  .HSCE  and the
benchmark index  .HSI  dip 0.1%

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