HK property agent Midland hits 28-month high on profit forecast
Reuters2021-06-23
** Shares of property agent Midland Holdings Ltd rise as much as 12.9% to HK$1.75, their highest since February 2019
** Stock on course for the best day since Nov. 24; the ninth-biggest percentage gainer on the Hong Kong bourse
** Co expects a net profit for the six months ending June compared to HK$24 mln ($3.1 mln) loss a year ago ()
** Attributes performance to an increase in market share in Hong Kong and a rebound in the residential property market
** Says it recorded a net profit of HK$160 mln in the first five months of 2021
** The Hong Kong Hang Seng sub-index tracking property firms
eases 0.3%, while the benchmark index climbs 0.5%
** As of last close, stock had soared 109.5% this year
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