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Hong Kong stock market morning report on February 7: The USA will continue the "strong dollar" policy and China Concept Stocks in the US stock market are collectively strengthening.
① Last week, the number of initial jobless claims in the USA exceeded expectations. ② The Bank of England cut interest rates by 25 basis points. ③ The three major indices of the US stock market fluctuated on Thursday, with China Concept Stocks collectively closing higher. ④ US Treasury Secretary Yellen stated that the 'strong dollar' policy will continue. ⑤ A dovish Fed member indicated that further rate cuts are feasible, but the pace will slow.
Tiande Chemical Expects 2024 Profit to Decline 70%
TIANDE CHEMICAL (00609.HK) warns of earnings: the expected annual net profit is projected to decrease by about 70% year-on-year.
On February 6, Glonghui reported that TIANDE CHEMICAL (00609.HK) announced that it expects for the fiscal year ending December 31, 2024, the profit attributable to owners of the company will decrease by approximately 70% compared to the same period last year. The estimated decrease in profit attributable to owners for the fiscal year is mainly due to the sluggish market during the fiscal year, leading to a significant decline in the selling price of the group's products, resulting in a substantial decrease in gross margin and gross margin.
Express News | Tiande Chemical Sees Profit Attributable for Year Would Decrease by 70%
Hong Kong stocks Concept Tracking | Under the guidance of policies, the recovery of domestic demand is expected, Institutions are Bullish on the chemical Sector and expect a turnaround in prosperity (including Concept stocks).
The reversal of the chemical industry's prosperity may not be far away.
Hong Kong stock concept tracking | Several chemical enterprises are expected to perform well in the first three quarters, the chemical industry enters the peak season for sales in September and October (with concept stocks).
The chemical industry is expected to enter its best demand peak season of the year.
Not Many Are Piling Into Tiande Chemical Holdings Limited (HKG:609) Stock Yet As It Plummets 25%
