PODCAST: Headwinds for China-European Flights, and an Autonomous Driving IPO Explosion
July 16, 2024
By Doug Young & Rene Vanguestaine
A year and a half after ending its Covid restrictions, flights between China and Europe are still well below pre-pandemic levels. What’s holding things back? And a steady flow of autonomous driving companies are suddenly accelerating towards IPOs in the US and Hong Kong. ...

YTO’s global expansion drives into Central Asia with KazPost 
July 16, 2024
6123.HK
1.46
(-2.7%)

The logistics company will partner with Kazakhstan’s postal service to develop express delivery services in the country and broader Central Asia
Key Takeaways:
YTO will form a logistics joint venture in Kazakhstan with the nation’s postal authority, with authorized capital of up to $1 million
The two sides aim to develop logistics...

FAST NEWS: CMOC’s profit surges on strong sales growth
July 15, 2024
3993.HK
7.83
(+3.2%)
603993.SHG
9.20
(+5.0%)
The Latest: CMOC Group Ltd. (CMOC) (3993.HK; 603993.SH) on Friday it would report an adjusted net profit, which excludes non-recurring gains and losses, of between 5.38 billion ($742 million) and 5.94 billion yuan for the first half of 2024, up 2,343% to 2,600% year-on-year, respectively.
Looking Up: The strong profit gr...

OneConnect in forced divorce from parent Ping An
July 15, 2024
6638.HK
0.56
(+1.8%)

OCFT.US
1.80
(+0.6%)
The financial software services provider will shutter its cloud business, whose main clients were its parent and other related companies
Key Takeaways:
OneConnect will shutter its cloud services division, which accounted for nearly half its revenue, after losing most of its customers for the business
The development underscores a majo...

Hong Kong’s lukewarm IPO market may be about to heat up
July 12, 2024
0388.HK
253.80
(+2.3%)
Hong Kong has struggled to attract big listings in a weak overall market, pushing its IPO takings down sharply in the first half, but some higher profile deals could be in the pipeline
Key Takeaways:
The value of new IPOs on the Hong Kong Stock Exchange fell 27% to HK$13.1 billion in the first half of the year as just 30 companies made their...