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...

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...