BUZZ-East Buy hits 3-1/2-month peak on turnaround in 6-month results

Reuters01-29
BUZZ-East Buy hits 3-1/2-month peak on turnaround in 6-month results

** Shares of East Buy Holding 1797.HK jump 15.8% to HK$25.6, their highest level since October 17, on course to snap two sessions of decline

** Stock set for the biggest one-day pct gain since September 18

** The Chinese livestreaming e-commerce business operator posted 239 mln yuan ($34.40 mln) net profit for six months ended in November, as compared with 96.8 mln yuan loss a year earlier

** Revenue up 5.7% y/y to 2.3 bln yuan during the period

** YTD, stock up 40.4%, benchmark Hang Seng Index .HSI up 8.4%

($1 = 6.9483 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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