BUZZ-RoboSense jumps most in more than one year on smaller annual loss forecast
Reuters02-20
BUZZ-RoboSense jumps most in more than one year on smaller annual loss forecast
** Shares of RoboSense Technology 2498.HK jump 15.7% to HK$39.8, on course for biggest one-day pct gain since December 2024
** Stock hits the highest level since January 20; second-biggest pct gainer on the Hang Seng Composite Index tracking information technology stocks .HSCIIT, which slips 1.3%
** Chinese developer and producer of light detection and ranging (LiDAR) products expects net loss to narrow to 180 mln yuan ($26.06 mln) in FY2025 from 481.8 mln yuan loss in 2024
** Says improvement due to increase in sales of its LiDAR products throughout FY2025 and net fair value gains on financial assets, among others
** YTD, stock up 4.9%, while the Hang Seng TECH Index .HSTECH down 4.9%
($1 = 6.9080 Chinese yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
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