HK's Yip's Chemical hits over 6-1/2 years high on robust H1 outlook

Yips Chemical Holdings

22/07/2021 07:22

** Shares of paints and solvents manufacturer Yip's Chemical
Holdings Ltd  0408.HK  rise as much as 9.6% to HK$4.91, their
highest since December 2014 
    ** Stock set for the best day since April 28 and extending
gains for second consecutive session
    ** Company expects its H1 net profit to jump 390%-440% from
a year ago period as sales revenue of solvents business doubled,
while an increase in solvents products prices lifted profit 
 urn:newsml:reuters.com:*:nFWN2OX0EJ
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 1.6%, and the material index  .HSCIM  surges 3.3%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs
1.5%, and the benchmark index  .HSI  gains 1.6%
    ** As of last close, the stock had surged 51.4% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))