Football club Birmingham at near 4-year high on strong earnings forecast

Zo Future

19/02/2021 02:25

** HK-listed shares of Birmingham Sports Holdings Ltd
 2309.HK , which operates a professional football club in the
UK, surge as much as 29.6% to HK$0.232, their highest since
March 2017
    ** Stock last up 17.3%, on track for the best session since
Aug 10, 2020; on course for fourth straight session of gains and
among the 30 biggest percentage gainers on the Hong Kong bourse 
    ** Co raises HY net profit forecast to HK$70 mln ($9.03 mln)
from an earlier estimation of HK$30 mln, partly due to an
additional fair value gain on derivative financial
instruments urn:newsml:reuters.com:*:nFWN2KO0YM
    ** Co posted an interim net loss of HK$64.8 mln in 2019
 urn:newsml:reuters.com:*:nFWN2JJ0EJ
    ** Says interim results will be announced on Feb 26
    * The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.7%, and the benchmark index  .HSI  eases 0.4%

($1 = 7.7525 Hong Kong dollars)

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