HK-listed Zengame Technology hits 5-month high on upbeat earnings estimates

Zengame Technology Holding

28/01/2021 02:47

** Shares of mobile games develper Zengame Technology
Holding Ltd  2660.HK  surge as much as 18.9% to HK$1.32, their
highest since Aug. 13
    ** Stock is on course for a fourth straight session of gains
    ** Shares, last up 12.6%, are on track for their best day
since November 2019; among the 30 biggest percentage gainer
among companies on the Hong Kong bourse 
    ** The Guangdong-based company expects profit for 2020 to
rise over 30% from the previous year helped by increased revenue
from its in-game information service business  urn:newsml:reuters.com:*:nFWN2K20RP
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  slides 1.2% and the Hang Seng Tech
Index  .HSTECH  falls 2%
    ** The Hang Seng China enterprises index  .HSCE  drops 1.4%,
and the benchmark index  .HSI  declines 1.5%

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