United Laboratories hits 5-month peak on robust earnings estimates

United Laboratories International Holdings

15/03/2024 02:05

** Shares of United Laboratories International Holdings Ltd
 3933.HK  jump 7.1% to HK$9.07, their highest since Oct. 17
    ** Stock on track for the biggest one-day pct gain since
Feb. 16 
    ** Co expects to record 2023 net profit of 2.6 bln yuan 
($361.4 mln), as compared to 1.58 bln yuan profit in 2022, with
sales of intermediate products and bulk medicines as well as 
animal health products continue to increase 
    ** Hang Seng Commerce & Industry Index  .HSNC  drops 1.4%, 
Hang Seng Composite Index  .HSCI  eases 1.1% and Hang Seng Index
 .HSI  falls 1.2%
    ** Stock up 26.2% YTD  


($1 = 7.1944 Chinese yuan renminbi)

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