HK's Xingyi Glass hits record high on strong annual earnings forecast

Xinyi Glass Holdings

16/12/2020 04:40

** Shares of Xinyi Glass Holdings Ltd  0868.HK  rise as much
as 8.3% to HK$20.30, a record high 
    ** Stock last up 7.8%, set for the best day since Nov. 23
    ** Glass maker expects its 2020 net profit to rise 20%-35%
from the previous year, thanks to increase in selling price of
float glass and growth in sales volume of float glass in second
half of this year  urn:newsml:reuters.com:*:nFWN2IV0S6
    ** Says an increase in profit contribution from its 23.66%
owned Xinyi Solar  0968.HK  also boosted its profit
    ** Adds final results will be published in early-March 2021
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 0.9%%
    ** The Hang Seng China enterprises index  .HSCE  gains 0.7%,
and the benchmark index  .HSI  climbs 0.8%
    ** As of last close, the stock has surged 81.6% this year 

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