BUZZ-Guotai Junan climbs most in two weeks on robust earnings estimate

Reuters01-26 10:07
BUZZ-Guotai Junan climbs most in two weeks on robust earnings estimate

** Shares of Guotai Junan International 1788.HK climb 3.3% to HK$2.79, on track for the biggest one-day pct gain since January 9

** Stock touches the highest level since January 16, snapping two straight sessions of fall

** Top pct gainer on Hang Seng Composite Index tracking financials stocks .HSCIF, which is up 0.3%

** The financial services provider expects its 2025 net profit to jump 265%-293% y/y to HK$1.28-HK$1.38 bln ($164.2-$177.01 mln)

** The increase is driven by revenue growth in core businesses including corporate finance, wealth and asset management, trading and investment particularly in equity capital markets and brokerage businesses

** YTD, stock up 7.8%, Hang Seng Index .HSI up 4%

($1 = 7.7960 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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