HK's Cosmo Lady jumps; appoints Victoria's Secret ex-chief to lead operation

Cosmo Lady (China) Holdings Co

16/07/2018 04:05

** Shares of intimate wear products maker Cosmo Lady (China)
Holdings Co Ltd  2298.HK  jump nearly 16 percent to HK$4.53,
their highest since May 25, after it appointed ex-chief of
Victoria's Secret to lead its operation.
** Company says it has appointed Sharen Jester Turney, who was
the president and chief executive officer of Victoria's Secret,
as chief strategic officer effective July 1.
** Company says Turney is providing advice on strategic
planning, brand image enhancement, product design, overseas
mergers and acquisitions and retail operations. (https://bit.ly/2uoQ9JZ)
 
** As of 0258 GMT, about 1.73 million shares of the
Guangdong-based company have been traded, compared with their
30-day moving average of 1.15 million shares a day.
** Among the 8 analysts that cover Cosmo Lady, the current
average rating on the shares is "buy"; the breakdown of
recommendations is 4 "strong buy" or "buy", and four "hold". The
analyst mean price target is HK$4.13.
** Hong Kong benchmark index  .HSI  falls 0.5 percent

 (RM: donny.kwok.thomsonreuters.com@reuters.net)