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. ...
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. ...
Xiaohongshu’s new funding: Return to old times or end of a chapter?
July 16, 2024
The social e-commerce company, whose name means ‘Little Red Book,’ scored a relative rarity by attracting Western big-name DST in its latest funding round
Key Takeaways:
Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors
The social e-commerce compa...
July 16, 2024
The social e-commerce company, whose name means ‘Little Red Book,’ scored a relative rarity by attracting Western big-name DST in its latest funding round
Key Takeaways:
Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors
The social e-commerce compa...
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...
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...
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...
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...
Hanking shines on gold mine sale
July 15, 2024
The miner’s shares rocketed after it pocketed a tidy profit on the sale of one of its Australian gold assets
Key Takeaways:
China’s Hanking pocketed a A$150 million profit from the sale of one of its Australian gold mines, benefiting from record-high prices of the precious metal
The gold miner will distribute one-third of its net proceeds from the sale to shareholders as a special dividend
By Lau Chi Hang
D...
July 15, 2024
The miner’s shares rocketed after it pocketed a tidy profit on the sale of one of its Australian gold assets
Key Takeaways:
China’s Hanking pocketed a A$150 million profit from the sale of one of its Australian gold mines, benefiting from record-high prices of the precious metal
The gold miner will distribute one-third of its net proceeds from the sale to shareholders as a special dividend
By Lau Chi Hang
D...
FAST NEWS: Cirrus Aircraft falls flat in Hong Kong trading debut
July 12, 2024
2057.HK
160.00
(+1.3%)
The Latest: Aircraft maker Cirrus Aircraft Ltd. (2057.HK) opened at HK$27.50 in its Friday trading debut, unchanged from its IPO price, giving the company a market capitalization of about HK$10.07 billion ($1.39 billion).
Looking Up: The China-owned, U.S.-based aircraft maker raised HK$1.39 billion, which it will use mainly ...
July 12, 2024
2057.HK
160.00
(+1.3%)
The Latest: Aircraft maker Cirrus Aircraft Ltd. (2057.HK) opened at HK$27.50 in its Friday trading debut, unchanged from its IPO price, giving the company a market capitalization of about HK$10.07 billion ($1.39 billion).
Looking Up: The China-owned, U.S.-based aircraft maker raised HK$1.39 billion, which it will use mainly ...
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...
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...
逸仙電商在購物節中受挫。
2024年7月12日
YSG.US
3.61
(+0.8%)
Perfect Diary化妝品店的運營商將第二季度的營業收入預測下調了10%,將數字重新帶回萎縮領域。
60 points
逸仙電商將其6月份營收預測下調10%,可能是由於在最近的618線上購物節期間表現不佳所致。
修訂後的預測意味著該公司今年第二季度的營業收入可能低於預期。
2024年7月12日
YSG.US
3.61
(+0.8%)
Perfect Diary化妝品店的運營商將第二季度的營業收入預測下調了10%,將數字重新帶回萎縮領域。
60 points
逸仙電商將其6月份營收預測下調10%,可能是由於在最近的618線上購物節期間表現不佳所致。
修訂後的預測意味著該公司今年第二季度的營業收入可能低於預期。
已翻譯
快速消息:Joinn 實驗室因收入下跌而變為紅色
二零二四年七月十一日
港幣 6127 元
7.29
(增加 10.1%)
603127 個月
13.71
(增加 10.0%)
最新: 強恩實驗室 (中國) 有限公司有限公司(6127.HK; 603127.SH) 是中國領先的非臨床合約研究機構(CRO),預計上半年度錄得淨虧損 13600 萬元(18.7 百萬元)至 18400 萬元,逆轉年內淨利潤 9063 萬元-...
二零二四年七月十一日
港幣 6127 元
7.29
(增加 10.1%)
603127 個月
13.71
(增加 10.0%)
最新: 強恩實驗室 (中國) 有限公司有限公司(6127.HK; 603127.SH) 是中國領先的非臨床合約研究機構(CRO),預計上半年度錄得淨虧損 13600 萬元(18.7 百萬元)至 18400 萬元,逆轉年內淨利潤 9063 萬元-...
已翻譯