HK-listed Smoore hits near 3-mth high on strong Q3, robust Q4 outlook

Smoore International Holdings

29/10/2020 04:01

** Shares of e-cigarette and vape maker Smoore International
Holdings Ltd  6969.HK  rise as much as 4.2% to HK$41.85, their
highest since Aug. 3 
    ** Stock set for a fourth straight session of gain 
    ** Guangdong-based Smoore, a Hong Kong-listed unit of EVE
Energy Co Ltd  300014.SZ , says its profit and total
comprehensive income for Q3 rose 32.6% to 1.05 bln yuan ($156.7
mln) and expects its revenue to continue to grow at a steady
pace in Q4  urn:newsml:reuters.com:*:nFWN2HJ0L2
    ** Brokerage Daiwa reiterates "buy" rating on the stock, and
lifts TP to HK$47 from HK$40, on expecting an even bigger jump
net profit in Q4 
    ** The Hang Seng China enterprises index  .HSCE  slides
0.9%, while the benchmark index  .HSI  falls 1%

($1 = 6.7029 Chinese yuan renminbi)

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