BUZZ-China's Zhou Hei Ya jumps on robust earnings outlook

Reuters
18 Jul
BUZZ-China's <a href="https://laohu8.com/S/01458">Zhou Hei Ya</a> jumps on robust earnings outlook

** Shares of Zhou Hei Ya International 1458.HK jump as much as 18.5% to HK$2.82, their highest since October 2023

** Chinese casual braised food maker and distributor expects H1 profit to jump 55.2%-94.8% y/y, thanks to an increase in average sales per store, decline in raw material costs and an improvement in gross profit margin

** Hang Seng Consumption Index .HSCGSI and Hang Seng Index .HSI both gain 0.7%

** YTD, stock up 44%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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