HK retailer International Housewares hits over 6-yr high on profit outlook

International Housewares Retail Co

08/12/2020 02:37

** Shares of International Housewares Retail Co Ltd
 1373.HK  rise as much as 18.3% to HK$2.78, their highest since
September 2014
    ** Stock last up 11.1%, set for its best day since July 2018
    ** Houseware products retailer says it expects net profit
for the six months ended October to increase not less than 235% 
due to subsidies from Hong Kong, Singapore and Macau governments
and rent reliefs  urn:newsml:reuters.com:*:nFWN2IN0H6
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.4%
    ** The Hang Seng China enterprises index  .HSCE  eases 0.4%,
and the benchmark index  .HSI  slides 0.5%
    ** As of last close, the stock had risen 27.7% this year

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