China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy.
Analysts have trimmed profit projections for Hang Seng Tech Index members by 4% in April, following a similar reduction in March, according to data compiled by Bloomberg. Among their reasons is the prospect for further Covid flareups in the world’s most populous nation.
The escalating concerns ...

CapitaLandInvest (CLI) remains long-term positive on China and believes that the current headwinds may generate interesting counter-cyclical and opportunistic investment themes.
The real estate investment manager said this in a bourse filing in response to shareholder questions about the uncertainties it faces in China ahead of its annual general meeting on Friday.
While acknowledging the internal and external pressures faced by China si...

Majority analysts driving towards a 'buy' for ComfortDelGro as it has a smooth journey ahead and also for its positive outlook, as they see a recovery underway and while the group is positioned to benefit from the electric vehicle (EV) boom.
For the FY2021 period, earnings surged some 114% y-o-y to $130.1 million, but the 2HFY2021 period experienced a 42% y-o-y decline to $39.1 million.
The earnings growth in FY2021 was m...

Singapore Airlines (SIA) enjoyed an almost ninefold annual increase in passenger numbers last month as air travel started taking off following the lifting of travel restrictions.
SIA and its low-cost subsidiary Scoot together carried 893,000 passengers in March, up from 544,600 in February and 100,100 in March 2021.
Passenger load factor, which measures seat occupancy, rose to 54.5 per cent, a jump of 41.7 perce...

This integrated oil company in China which is one of the largest producers of crude oil and natural gas in the world has witnessed the Zacks Consensus Estimate for its current-year earnings increasing nearly 19.3% over the last 60 days. PetroChina Company Limited company has a dividend yield of 7.31%, compared with the industry average of 3.77%.
PetroChina Co. Ltd. engages in the petroleum-related products, services and activities. It operates thro...

NetEase, Inc. (NASDAQ:NTES) shareholders have seen the share price rise 79% over three years, well in excess of the market return (48%, not including dividends).
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the...