BUZZ-China's Meitu jumps most in over 4 months on robust earnings outlook

Reuters07-25

** Shares of Meitu Inc , a Chinese online advertising and internet value-added services provider, jump 10.2% to HK$2.49, their biggest intraday pct gain since March 18

** Stock hits the highest since July 18, and on course to snap six straight sessions of decline, if gains hold

** Stock is top pct gainer in Hang Seng Composite Index

, which tracks information technology firms

** Co expects its H1 net profit to increase by no less than 80% Y/Y as generative AI technology enhances capabilities of its photo, video and design products, resulting in rapid growth in the businesses

** The index drops 2.3%, Hang Seng Tech Index

falls 1.6% and Hang Seng Index eases 0.9%

** Meitu stock down 30.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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