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BUZZ-China's AK Medical jumps most in more than 2-1/2 years on robust earnings outlook

Reuters
2025/02/10
BUZZ-China's AK Medical jumps most in more than 2-1/2 years on robust earnings outlook

** Shares of AK Medical Holdings 1789.HK jump 17.3% to HK$5.29, on course for their biggest one-day pct rise since June 2022

** Stock hits the highest level since Dec. 6

** Chinese orthopaedic implants developer and manufacturer expects 2024 net profit to jump more than 50% y/y due to higher demand for surgical products and stable operational costs and administrative expenses

** The Hang Seng Commerce & Industry Index .HSNC surges 2%, the healthcare index .HSCIH adds 1.3%, and the Hang Seng Index .HSI rises 1.5%

** Stock fell 22.5% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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