BUZZ-China's Sieyuan Electric hits record on quarterly profit growth

Reuters10-21
BUZZ-China's Sieyuan Electric hits record on quarterly profit growth

** Shares of Sieyuan Electric 002028.SZ jump nearly 9% to 124.5 yuan, their highest level since debut in August 2004

** Stock set for biggest one-day pct gain since September 1

** Chinese power transmission and distribution equipment maker said its Q3 net profit jumped 48.7% Y/Y

** That accelerated from net profit growth of 45.7% in H1 and a 22.9% growth in Q1

** YTD, stock up 70.2%, benchmark CSI 300 Index .CSI300 up 17.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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