China's Chervon Holdings jumps on robust earnings estimates
** Shares of outdoor power equipment supplier Chervon Holdings 2285.HK jump 17.8% to HK$20.85, on track for biggest one-day pct rise since May 10
** Stock on course to snap three consecutive session of decline
** Co says itexpects net profit for six months ended in June to grow 22%-33% Y/Yto $60 mln-$65 mln, thanks to effective promotional activities, expanded scale and improved efficiency for production
** "Based on the strength of our growth during the first half of 2024, we saw a positive momentum in our profit, financial position and cash flow, and are increasingly confident in achieving our revenue growth target with improved profitability this year" - co
** More than 4 mln shares traded, compared to 30-day avg of 898,000 - LSEG data
** Hang Seng Commerce & Industry Index .HSNC slips 0.1%, Hang Seng industrials index .HSCIIG falls 1.4% while Hang Seng Index .HSI climbs 0.2%
** Stock down 17.5% YTD
($1 = 7.8059 Hong Kong dollars)
Reporting by Donny Kwok
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