G20 summit supply stocks fluctuate amid speculation

Analysts say pre-meet gains by shares retrace a bit on profit-taking

Share prices of A-share listed companies which are suppliers to facilities and utilities serving the G20 summit in Hangzhou fluctuated over the past week amid short-term speculation and profit-taking, but analysts said on Friday they were bullish in the long run for the companies, given an expected improvement in their business environments.

Some 20 companies are classified by analysts as G20-related event-driven stocks, among which eight have stated in financial disclosure materials that they have been supplying facilities, utilities and system solutions supporting the G20 summit.