HK's Yip's Chemical hits near 6-year high on robust earnings outlook

Yips Chemical Holdings

28/04/2021 08:25

** Shares of lubricants and ink products maker Yip's
Chemical Holdings Ltd  0408.HK  surge as much as 11% to HK$4.35,
their highest since June 2015
    ** Stock, last up 8.4%, on course to snap two straight
sessions of decline and log its best day since March 2020
    ** Company expects more than 110% rise in net profit for the
three months ended in March 2021 versus the profit for the
six-month period ended in June 2020 on surge in prices of its
solvents products  urn:newsml:reuters.com:*:nFWN2MK1C3
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.1%, and the benchmark index  .HSI  climbs 0.4%
    ** Stock up 32.4% this year, as of last close

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