BUZZ-Huizhou Desay hits 4-1/2-month high as H1 profit jumps

Reuters08-12
BUZZ-Huizhou Desay hits 4-1/2-month high as H1 profit jumps

** Shares of China's automotive electronics producer Huizhou Desay SV Automotive Co Ltd 002920.SZ jump 9.4% to 116 yuan, their highest since March 25

** Stock set for the biggest one-day pct gain since May 29, and on course for second session of gains

** The Chinese smart driving computing systems and smart display systems provider says its H1 net profit rose 45.8% y/y and revenue jumped 25.3% y/y

** The blue-chip CSI 300 Index .CSI300 gains 0.6% and the Shanghai Composite Index .SSEC adds 0.4%

** YTD, stock up 3.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment