HK-listed tissue maker Vinda hits over 3-year high on robust earnings forecast

Vinda International Holdings

13/01/2020 01:59

** Shares of Chinese personal care and tissue products maker
Vinda International Holdings Ltd  3331.HK  rise as much as 7.3%
to HK$16.76, their highest since October 2016
    ** Stock on track for a fourth consecutive session of gains
    ** Co expects profit attributable to equity holders for 2019
to rise more than 70% from the previous year and operating
profit to jump over 50%  urn:newsml:reuters.com:*:nFWN29G19B
    ** Co cites favourable raw material prices, continued
revenue growth and improved product mix for the solid forecast
    ** Co expects to report its annual results on Jan 22
    ** Vinda has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 9.3 pct points in the past
month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.4%
    ** The Hang Seng China enterprises index  .HSCE  rises 0.5%,
and the benchmark index  .HSI  climbs 0.4%

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