BUZZ-HK-listed branded down apparel maker Bosideng hits 2-1/2-mth high on robust forecast

Reuters2021-04-12

** Shares of branded down apparel products maker and distributor Bosideng International Holdings Ltd rise as much as 5% to HK$3.98, the highest since Jan. 20, on course for second session of gains

** Co expects its revenue to grow 10%-15% year-on-year for 12 months ended in March 2021, with net profit increasing about 40% as it upgrades products and brands, while effectively control its costs

** Says its gross profit margin is expected to improve about 3 percentage points

** The Hong Kong Hang Seng Commerce & Industry Index drops 1%

** Both the Hang Seng China enterprises index and the benchmark index fall 1%

** As of last close, the stock had slipped 4.1% this year

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

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