Dividend Assets have become attractive again! The Hang Seng Index has dropped over 1400 points in the last five days, while high-yield stocks such as Coal Banks "refuse to correct."
① The Hang Seng Index has fallen more than 1,400 points in the past five days. Why do dividend-paying Assets remain resilient? ② High-yield stocks such as Coal and Banks "refuse to retreat". What bullish factors may continue to drive the market?
Molong Petroleum Machinery's Debtor Enters Bankruptcy
Shandong Molong Petroleum Machinery (00568.HK): The court has ruled to accept the bankruptcy liquidation case of the company's debtor, Shouguang Baolong.
Gelonghui, on March 10, reported that Shandong Molong Petroleum Machinery (00568.HK) announced that the company has received a creditor's notice issued by the People's Court of Shouguang City, Shandong Province (the court). The court has ruled to accept the bankruptcy liquidation case of the company's debtor, Shouguang Baolong Oil Equipment Co., Ltd. (Shouguang Baolong). The company may submit creditor claim materials within the deadline according to the relevant regulations of the court. According to the debt transfer agreement, the total amount of 169,119,800 yuan of this debt has been transferred to Shandong Shouguang Vegetable Wholesale Market Co., Ltd. As of the date of this announcement, the balance of this debt is 291,937,181 yuan.
Express News | Shandong Molong Petroleum Machinery - RMB169.1 Mln of Debt Assigned by Co to Shandong Shouguang Vegetable Wholesale Market
The bankruptcy liquidation application for the debtor Shouguang Baolong of Special Treat Molong (002490.SZ) has been accepted.
ST MoLong (002490.SZ) announced that the company recently received a notice from the People's Court of Shouguang City, ShanDong (...
Express News | Shandong Molong Petroleum Machinery - Received Creditor Notice That Application for Liquidation of Shouguang Baolong Petroleum Equipment Been Accepted
Hong Kong stocks movement | Petroleum stocks continue to decline as OPEC decides to increase production as scheduled. In the short term, oil prices are still affected by tariffs and other factors.
The Petroleum stocks collectively declined. As of the time of writing, China Oilfield Services (00883) dropped 3.02%, priced at 17.32 HKD; PetroChina (00857) fell 2.41%, priced at 5.68 HKD; China Oilfield Services (02883) decreased 1.74%, priced at 6.23 HKD.
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Not afraid of pressure from Trump? Traders expect OPEC+ to delay the production increase plan for April again.
Despite Trump pressuring for a price cut, traders generally expect that due to a potential oversupply in the Global market, OPEC+ will postpone the planned monthly production increase set to start in April by one to three months. This is the fourth time since 2022 that OPEC+ has delayed plans to restore oil production.
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Shandong Molong Discloses Detailed Asset Valuation in Debt Assignment
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Shandong Molong Petroleum Machinery (00568): Abnormal fluctuations in A-share Stocks trading. There is no information that should be disclosed but has not been disclosed.
Shandong Molong Petroleum Machinery (00568) announced that its A-share Stocks have been suspended for three consecutive Trade days (February 14, 2025...
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Shandong Molong Petroleum Machinery Sells 169 Million Owed Debts
Shandong Molong Petroleum Machinery (00568.HK) has entered into a debt transfer agreement.
On February 13, Glonghui reported that Shandong Molong Petroleum Machinery (00568.HK) announced that on February 13, 2025, the company, Shouguang Baolong, and the buyer entered into: (i) Debt Transfer Agreement A, under which the company agreed to sell, and the buyer agreed to purchase Debt A for a consideration of RMB 85,119,800, which will be paid by transferring the land; and (ii) Debt Transfer Agreement B, under which the company agreed to sell, and the buyer agreed to purchase Debt B for a consideration of RMB 84,000,000, which will be paid in Cash / Money Market. Debt A amounts to RMB 85,119,800 in accounts receivable from Shouguang.