Hong Kong's HKTV hits near 10-year high after trading update

Hong Kong Technology Venture Co

10/02/2020 03:02

** Shares of online shopping mall Hong Kong Television
Network Ltd  1137.HK  (HKTV) rise as much as 18.6% to HK$6.30,
the highest since April 2010
    ** Co says its average daily order numbers on its online
shopping platform and offline business in January rose 64.7%
from the same period a year ago; it is up 19.8% from December (https://bit.ly/3bsmBiz)
    ** Co cites "current circumstances" as a reason for people
to avoid crowded locations and switch to online platforms,
including HKTVmall, for their shopping needs 
    ** Growth momentum has accelerated in the first nine days of
February, compared with January; expect momentum to continue in
February - co 
    ** Stock on track for a third straight session of gain
    ** Shares are up 55.3% this year, as of last close
    ** Hong Kong Television Network has outperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 51.0 percentage
points in the past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  slides 0.7%
    ** The Hong Kong benchmark index  .HSI  eases 0.6%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)