HK-listed Trigiant rises; wins bid to supply power cable to China Mobile

Trigiant

13/09/2018 04:44

** Shares of telecommunication feeder cable maker Trigiant
Group Ltd  1300.HK  rise as much as 6.7 pct to HK$1.11
    ** Company says it has won a 582 mln yuan ($85 mln) tender
for supplying power cable to China Mobile  0941.HK  
    ** Stock trims gains to HK$1.08, but still up 3.9 pct and
heading for the best day since Aug. 9
    ** Company says it won bid in a China Mobile's centralized
procurement project to supply power cable with volume of 14,000
kilometers from 2018 to 2019  urn:newsml:reuters.com:*:nFWN1VY0D1
    ** Company says the deal will enhance profitability and will
have a positive impact on its results in H2 of 2018 and 2019 
    ** Trigiant has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 5.2 percentage points in the
past one month
    ** Hong Kong benchmark index  .HSI  rises 1.5 pct


($1 = 6.8456 Chinese yuan)

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