BUZZ-China's SAIC Motor rises on Q1 profit growth estimates

Reuters04-08
BUZZ-China's SAIC Motor rises on Q1 profit growth estimates

** Shares of SAIC Motor Corp 600104.SS surge 5.1% to 14.63 yuan, on course for the biggest one-day pct rise since February 7

** Stock on track to snap four consecutive sessions of decline

** Shanghai-listed co estimates Q1 net profit to grow 10%-18% y/y, with vehicle sales up 13.3% y/y

** The blue-chip CSI 300 Index .CSI300 climbs 1% and the Shanghai Composite Index .SSEC adds 0.9%

** SAIC Motor's stock is down nearly 33% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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