Express News | JPMorgan Chase & Co's Short Position in H Shares of Midea Group Decreases to 1.69% on Nov 05 From 2.20% - HKEX

ReutersNov 8 04:11 ET

Hong Kong stocks unusual movement | Home appliances stocks rise in the afternoon, singles' day sales growth may be stronger than previous years, sinking market will relay to drive the release of new demand.

Home appliances stocks rose in the afternoon, as of the time of publication, Hisense Ha (00921) rose by 4.83% to HK$26.05; Midea Group Co., Ltd (00300) rose by 3.5% to HK$72.5; Vesync (02148) rose by 2.07% to HK$3.94; Haier Smarthome (00669) rose by 0.83% to HK$109.2.

Zhitong FinanceNov 8 00:56 ET

Guolian Securities: Domestic appliance sales may be ushering in a turning point. The advantage of "price range + channel" is added.

Driven by the replacement of old for new, domestic appliance sales may be entering a key transition period, with substantial subsidy sales volume and remarkable elasticity in off-peak product categories.

Zhitong FinanceNov 6 20:00 ET

Midea Group's (SZSE:000333) Strong Earnings Are Of Good Quality

Simply Wall StNov 6 18:16 ET

Saudi Aramco's net income in the third quarter fell by 15%, but still announced a dividend of $31.05 billion.

Saudi Aramco announced on Tuesday that it will distribute a total of up to $31.05 billion in quarterly dividends, maintaining its position as the company with the highest global dividends, despite increasing signs that the company's profits are under pressure. The outlook for oil has dimmed due to demand concerns, but dividend income is crucial to maintaining the Saudi government's finances. At the beginning of next year, a special spending plan of $43 billion per year will start to be reduced, testing how long this spending can be sustained. Saudi Aramco's spending has exceeded its income, putting pressure on its balance sheet, with production levels approaching the lowest since 2021.

Global market report.Nov 5 01:31 ET

Sinolink: In Q3, the public offering increased positions in non-financial and real estate sectors the most, significantly reducing positions in cyclical sectors.

In the third quarter of 24, the total size of public offering funds has increased significantly, with "passive equity" continuing to be more preferred by investors than "active equity".

Zhitong FinanceNov 5 00:39 ET