BUZZ-HK-listed Huabao hits more than 2-year high on upbeat profit outlook

Reuters
Jul 21
BUZZ-HK-listed Huabao hits more than 2-year high on upbeat profit outlook

** Huabao International 0336.HK jumps 11.1% to HK$3.61, highest since April 2023

** Stock on course for fourth consecutive session of gains

** Chinese producer of food ingredients, flavours and aroma products estimates H1 2025 profit in 151.2 mln-177.2 mln yuan ($21.1 mln-$24.7 mln) range, up 91.3%-124.3% y/y

** Says no impairment provisions recognised in H1 of 2025

** YTD, stock gains ~69%

($1 = 7.1791 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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