BUZZ-HK-listed 361 Degrees eyes best day in 2 weeks on upbeat outlook

Reuters2021-08-05

** Shares of sportswear group 361 Degrees International Ltd

6.1% to HK$3.68, set for best day since July 23

** Stock extends gains for fourth consecutive session

** Fujian-based co expects net profit for six months ended in June to increase 30% y/y, thanks to over 15% growth in rev with continuous improvement in operating margin

** Rival Xtep surges 7.4% to HK$13.66

** Bigger rival ANTA Sports rises 1.4% and Li Ning

gains 0.7%

** The Hong Kong Hang Seng consumer goods and services index

rises 0.9%, and the Hang Seng Composite Index climbs 0.3%

** The Hang Seng China Enterprises Index gains 0.3%, and the benchmark index increases 0.5%

** The stock soared 221% this year, as of last close

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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