Yue Yuan Group (0551.HK) rose 5.6% to 15.84 Hong Kong dollars, with a total market capitalization of 25.5 billion Hong Kong dollars.
Yue Yuen reported a loss of $154 million in the nine months to the end of September, compared with a profit of $229 million in the same period last year. During the period, operating income was US $6.087 billion, down 19.06% from the same period last year.
Yue Yuen said global demand is likely to remain sluggish as a new wave of outbreaks hits European and North American markets. Nevertheless, as global retail consumption slowly recovers, there are some signs of improvement in the fourth quarter of this year, but volatile sentiment may affect future visibility.