HK-listed battery maker Tianneng Power surges on robust H1 outlook

Tianneng Power International

01/06/2020 08:24

** Shares of Chinese batteries maker Tianneng Power
International Ltd  0819.HK  rise as much as 13% to HK$8.86,
after two consecutive sessions of fall 
    ** The stock later trims gain to HK$8.73, still up 11.4%,
heading for biggest intraday pct gain since March 30
    ** Company expects its profit attributable to equity
shareholders to rise not less than 30% for six months ending in
June as compared with the same period in 2019 amid an increase
in batteries sales and higher profit margin of its products
 urn:newsml:reuters.com:*:nFWN2DD03X
    ** Says H1 results will be published by end of August
    ** As of last close, the stock had surged 32.2% so far this
year
    ** Zhejiang-based Tianneng Power has outperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 8.9 percentage
points in the past one month
    ** The Hang Seng China enterprises index  .HSCE  climbs 3%,
and the benchmark index  .HSI  rises 3.4%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net,
editing by Louise Heavens)