HK logistics firm YTO Express hits 2-week high on strong H1 outlook

YTO International Express and Supply Chain Technology

01/08/2018 03:01

** Shares of YTO Express (International) Holdings Ltd
 6123.HK  rise 8.1 pct to HK$4.0, its highest since July 19,
after the company forecast strong first-half earnings
    ** The freight forwarding services provider expects to post
a substantial increase in revenue and net profit for the
January-June period due to an increase in demand for air freight
services and a decrease in provision of bad debts  urn:newsml:reuters.com:*:nFWN1UR0VW
    ** Co is due to publish its interim results by end of August
    ** As of the previous close, the stock has fallen 7.5
percent so far this year 
    ** As of 0152 GMT, about 180,300 shares of the logistics
group changed hand, compared with their 30-day moving average of
346,130 shares a day.
    ** Hong Kong benchmark index  .HSI  rises 0.5 pct

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