HK's Yadea Group set for best day in over 3 months on upbeat earnings outlook

Yadea group

07/07/2021 06:08

** Shares of Chinese electric scooters and bicycles maker
Yadea Group Holdings Ltd  1585.HK  rise 7.8% to HK$17.60, on
course for their best day since April 1
    ** Stock hits its highest since June 7, on track for a
second session of gains
    ** China's Jiangsu-based company expects its net profit for
six months ended June 30 to increase not less than 40% as
compared with year-ago period, due to higher sales of electric
two-wheeled vehicles  urn:newsml:reuters.com:*:nFWN2OH0LQ
    ** The Hong Kong composite Industry Index tracking
industrials  .HSCIIG  gains 0.5%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 1.4%,
and the benchmark index  .HSI  slides 0.7%
    

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