Zoomlion Heavy Industry's HK shares climb on upbeat earnings outlook

Zoomlion Heavy Industry Science and Technology

25/01/2024 06:41

** Hong Kong shares of Zoomlion Heavy Industry Science and
Technology Co Ltd  1157.HK  climb 5% to HK$4.22, on track for
the biggest one-day pct gains since Sept. 22, if trend holds 
    ** Stock hit the highest since Jan. 17 on second session of
gains
    ** The Chinese engineering and agricultural equipment maker
estimates its 2023 net profit up 46.6%-57.0% YoY to 3.38-3.62
bln yuan ($471.9-$505.4 mln) due to overseas market expansion
and rapid growth in emerging business in excavators and mining
machinery among others  
    ** Shenzhen shares  000157.SZ  gain 0.8% to 7.27 yuan
    ** Hang Seng Composite Index tracking industrials  .HSCIIG 
climbs 0.2%, Hang Seng Index  .HSI  adds 1.7%
    ** Hong Kong-listed stock down 2.8% YTD, while Shenzhen
shares up 10% YTD  


($1 = 7.1631 Chinese yuan renminbi)

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