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09.08.2010 05:37 Li&Fung surges on strong H1 earnings hope HONG KONG, Aug 9 (Reuters) - Shares of consumer goods exporter Li&Fung rose 4.6 percent on Monday morning with buying fuelled by hope of strong first half earnings. The shares rose to HK$37.55 before steadying at HK$37.50 by 0309 GMT. 'Expectations for strong growth in half-year earnings fuelled buying ahead of the results,' said William Lo, analyst at Ample Finance. 'We expect the company can beat the street view as the market has been conservative in its forecast.' The company is expected to release its earnings report on Thursday. Analysts have forecast Li&Fung's first half net profit to rise between 28 and 43 percent from the year-ago period as its revenue increased and its newly acquired assets started contributing to earnings. (US$1=HK$7.77) (Reporting by Donny Kwok; Editing by Ken Wills) ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: LI&FUNG SHARES |
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| aus der Diskussion: | Starker Rebound Li +Fung/ IPO Tochter |
| Autor (Datum des Eintrages): | binda (09.08.10 09:13:55) |
| Beitrag: | 18 von 28 (ID:39949698) |
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