BUZZ-Midea's HK shares mark biggest jump in 12 months on annual profit growth
Reuters09:56
BUZZ-Midea's HK shares mark biggest jump in 12 months on annual profit growth
** Hong Kong-listed shares of Midea Group 0300.HK jump 7.8% to HK$84.55, their biggest intraday pct gain since March 2025
** Stock hits its highest level since March 20, on track to snap three consecutive sessions of losses
** Stock is top pct gainer in the Hang Seng TECH Index .HSTECH, which gains 0.4%
** Midea's Shenzhen-listed stock 000333.SZ rises 6.7% to 76.95 yuan, its highest point since March 19
** The Chinese home appliances maker says its 2025 net profit up 14% y/y and it proposes to buy back 6.5 billion-13 billion yuan ($940.53 million-$1.88 bln) worth of A shares
** YTD, Hong Kong stock down 0.8%, Shenzhen-listed shares down 1.8%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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