PC Partner Forecasts Surge in Profit for Fiscal H1, Contemplates Transfer of Listing to Singapore; Shares Soar 22%

MT Newswires06-19

PC Partner Group (HKG:1263) forecasts its attributable profit will surge 7.5 times higher to HK$150 million in the six months ended June 30 from HK$20 million in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.

The upbeat forecast is attributable to a strong demand for video graphics cards, coupled with lower marketing expenses, the filing said.

The company also plans to delist its shares from the Hong Kong bourse and seek listing on the Singapore bourse through introduction of shares, the filing said.

Shares surged 22% in Hong Kong on midday Wednesday.

Price (HKD): $4.87, Change: $+0.87, Percent Change: +21.75%

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