HK-listed solar glass maker Xinyi hits 3-month high on robust H1 forecast

Xinyi Solar Holdings

09/06/2020 07:59

** Xinyi Solar Holdings Ltd's  0968.HK  shares rise as much
as 4.3% to HK$6.55, the highest since March 4, after the Chinese
solar glass maker forecasts a sharp rise in first-half profit 
    ** Co expects its net profit for six months ending June to
rise 35-50% from a year earlier, fuelled by higher sales volume,
product prices, and lower cost of raw materials  urn:newsml:reuters.com:*:nFWN2DL0ER
    ** Co says six-months results will be published by end of
August 
    ** Stock is up 13.6% this year, as of last close
    ** Anhui-based Xinyi Solar has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 12.7 percentage
points in the last month
    ** The Hang Seng China enterprises index  .HSCE  climbs 1.5%
on Tuesday, and the benchmark index  .HSI  rises 1.7%

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