BUZZ-China Traditional Chinese Medicine climbs on upbeat earnings outlook

Reuters01-29

** Shares of China Traditional Chinese Medicine Holdings Co Ltd climb 6.7% to HK$3.20, their highest since Jan 17

** Stock on track for biggest one-day pct rise since Oct 24 if trend holds

** Traditional Chinese medicine manufacturer, which has market value of HK$15.7 bln ($2 bln), expects 2023 net profit to jump 85%-95% YoY, thanks to stable domestic macro economy and improvement in quality and efficiency

** Hong Kong's healthcare index slips 0.3%, while the Hang Seng Commerce & Industry Index and Hang Seng Index both gain 0.9%

** Stock down 20.9% YTD

($1 = 7.8154 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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