Zhuzhou CRRC Times Electric jumps most in 3-1/2 months on robust forecast

Zhuzhou CRRC Times Electric

18/07/2024 07:39

** Shares of rail transit equipment maker Zhuzhou CRRC Times
Electric Co Ltd  3898.HK  jump 6.7% to HK$29.60, on track for
the biggest one-day pct gain since April 2
    ** Stock on course to snap three consecutive sessions of
fall
    ** Co expects H1 net profit to jump 30.6% Y/Y to 1.51 bln
yuan ($208.14 mln) as railway investment grows and passenger
traffic recovers with growth in emerging equipment business and
rail transit products delivered   
    ** Hang Seng Commerce & Industry Index  .HSNC  climbs 0.4%,
index tracking industrials  .HSCIIG  adds 0.8% and Hang Seng
Index  .HSI  up 0.5%
    ** Stock up 28.3% YTD  


($1 = 7.2549 Chinese yuan renminbi)

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