HK's Pacific Textiles heads for best day in 2 mths on strong H1

Pacific Textiles Holdings

23/11/2018 06:00

** Shares of Pacific Textiles Holdings Ltd  1382.HK  rises
as much as 7.7 pct to HK$8.08, the highest since Nov. 8, after 
the cotton and synthetic knitted fabrics producer posts strong
growth in H1  
    ** The stock later trims gains to HK$7.9, still up 5.3 pct,
and heading for the best day since Sept. 26
    ** Co says six-month profit ended September rises 30 pct to
HK$502.9 mln ($64.3 mln) and revenue jumps 30 pct to HK$3.4 bln
amid higher sales volume and resumption in production of its
Vietnam factory since early 2018  urn:newsml:reuters.com:*:nFWN1XW121
    ** It says it will look for a suitable location to build new
production bases in Southeast Asia to diversify risk
    ** Co's Vietnam factory was blockaded by villagers between
April and September in 2017 due to concerns over
pollution urn:newsml:reuters.com:*:nL4N1M621I
    ** As of the last close, the stock has fallen 9.1 pct so far
this year
    ($1 = 7.8258 Hong Kong dollars)

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