China's CALB hits near 2-1/2-year high on robust earnings forecast

About this update from Calb Group Co., Ltd. Class H

** Shares of CALB Group HKEX:3931 jump 10.5% to HK$23.65, their highest since February 2023, and on course for a sixth consecutive session of gains** The Chinese electric vehicle (EV) batteries and energy storage system products producer expects H1 net profit to jump 70% to 90% y/y to 709 mln-793 mln yuan ($99.12 mln-$110.86 mln) ** Growth driven by scale-up of leading-edge technology products across business sectors, including passenger vehicles, commercial applications, energy storage and marine - Co ** The Hang Seng Commerce & Industry Index HSI:HSCI gains 0.6%, while the Hang Seng Index HSI:HSI adds 0.5%** YTD, stock up 72.6% ($1 = 7.1530 Chinese yuan)

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