BUZZ-China's liquor group ZJLD jumps to over 3-month peak on robust earnings outlook

Reuters03-11

** Shares of liquor products distributor ZJLD Group Inc

jump 10.4% to HK$10.38, their highest since Dec. 4

** Stock on track for biggest one-day pct rise since Feb. 16 if gains hold

** Premium baijiu products distributor ZJLD estimates its 2023 net profit at no less than 2.3 bln yuan ($320.2 mln), compared with a net profit of 1 bln yuan in 2022, with revenue increasing to an estimated 7 bln yuan, from 5.9 bln yuan in 2022

** Hang Seng Consumption Index rises 2.3%, while Hang Seng Composite Index and Hang Seng Index rise 1.3% each

** Stock up 3.7% YTD

($1 = 7.1838 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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