HK-listed Wanka Online soars on robust H1 forecast

Wanka Online

08/07/2019 02:47

** Shares of Wanka Online Inc  1762.HK  surge as much as
22.7% pct to HK$3.40 after the mobile internet software
technology services provider expects upbeat first-half results  
    ** Stock ranks the third-biggest percentage gainer in early
trade 
    ** Co expects to post a profit for the first half of the
year, compared with a net loss the same period a year ago, with
revenue rising more than 50% amid expansion of its mobile app
and mobile game distribution business  https://bit.ly/2FUvm75
    ** First-half results are due end-August
    ** The Beijing-based firm also says controlling shareholders
propose to buy shares, representing not less than 1% of the
total issued shares, to increase shareholdings in the firm
within nine months
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 1.7%
    ** The Hang Seng China enterprises index  .HSCE  eases 1.4%,
and the benchmark index  .HSI  slides 1.5%
    

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