HK-listed Sinosoft Technology hits 4-mth high on upbeat outlook

Sinosoft Technology

13/01/2021 03:12

** Shares of software developer and system integration
solutions provider  1297.HK  surge as much as 16.7% to HK$1.61,
highest since Sept. 3
    ** Stock last up 12.3%, eyes best session since Oct. 12
    ** Set for second day of gains and among the top 30 biggest
pct gainers on the Hong Kong bourse 
    ** Jiangsu-based Sinosoft expects 2020 net profit to
increase by at least 50% from year earlier, thanks to sale of
assets in relation to export enterprise cloud-based software and
services  urn:newsml:reuters.com:*:nFWN2JN0KN
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.8%
    ** The Hang Seng China enterprises index  .HSCE  edges down
0.02%, while benchmark index  .HSI  gains 0.2%

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