Uni-President China hits 6-month peak on earnings jump

Uni-President China Holdings

07/03/2024 03:50

** Shares of beverages and instant noodles maker
Uni-President China Holdings  0220.HK  jump 17.3% to HK$5.76,
their highest since early-Sept
    ** Stock on track for best day on record if gains hold;
second-biggest pct gainer in Hang Seng Composite Index  .HSCI 
    ** Co posts 36.4% YoY rise in 2023 net profit at 1.67 bln
yuan ($232 mln) with revenue up 1.2% at 28.59 bln yuan
    ** Bigger rival Tingyi (Cayman Islands) Holdings  0322.HK 
climbs 3.1% to HK$9
    ** Hang Seng consumer staples index  .HSCICS  climbs 0.4%,
while Hang Seng Composite Index  .HSCI  slips 0.4%
    ** Stock of Uni-President up 2.3% YTD, while Tingyi down
6.5% YTD

($1 = 7.1978 Chinese yuan renminbi)

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