China's funeral group Fu Shou Yuan eyes best day in 3 years on robust forecast

** Shares of burial and funeral services provider Fu Shou Yuan International Group Ltd jump l0.1%, on course for their best day since August 2018

** Stock rises as far as HK$7.73, its highest since June 30 and extending gains for a second session

** Shanghai-based co expects profit and total comprehensive income of not less than 450 mln yuan ($69.5 mln) for the six months ended in June, up from 307.4 mln yuan a year ago

** Cites revenue growth of more than 50% on improving operation capability, contribution from newly-acquired projects and business recovery from the COVID-19 pandemic

** Says financial position is stable and it is confident about long-term business prospects

** Citi reiterates "buy", saying stock has fallen 20% since early June on concerns over regulation risk

** Says sees no escalation of regulation risk for the deathcare industry amid its small 150 bln yuan market size and little correlation to CPI growth

** The Hong Kong Hang Seng Commerce & Industry Index jumps 5.1%, and the Hang Seng Composite Index surges 3.5%

** The Hang Seng China Enterprises Index rises 3.6%, and the benchmark index climbs 3.1%

** By last close, the stock had slid 6.6% this year ($1 = 6.4724 Chinese yuan)