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 ...

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...

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...