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Tai Hing Group Plans to Repurchase Up to HK$30 Million Worth of Shares
TAI HING GROUP (06811.HK): intends to repurchase no more than 30 million Hong Kong dollars of company shares.
On December 18, Gelonghui reported that TAI HING GROUP (06811.HK) announced that the company may repurchase shares in the open market from time to time, using a maximum of 30 million Hong Kong dollars, based on the repurchase authorization granted by the Shareholders at the annual general meeting on May 17, 2024. According to the repurchase authorization, the maximum number of shares permitted for repurchase is 0.101 billion shares, accounting for 10% of the total issued shares on the date of the 2024 annual general meeting. The proposed share buyback will be funded from the company's internal resources. The Board of Directors believes that the proposed share buyback can demonstrate the company's commitment to its...
Express News | Tai Hing Group - May Use up to HK$30 Mln to Repurchase Shares in Open Market
Hong Kong stocks moved differently | Dining stocks rose in the morning as significant meetings released Bullish Signals. Dining consumption vouchers help the Dining Industry recover.
Dining stocks rose in the morning session. As of the time of writing, Naixue's Tea (02150) increased by 7.24% to 1.63 HKD; XIABUXIABU (00520) rose by 7.08% to 1.21 HKD; Helen's (09869) climbed by 5.82% to 3.09 HKD; HAIDILAO (06862) went up by 5.18% to 17.46 HKD; JIUMAOJIU (09922) increased by 3.97% to 3.93 HKD.
Daiwa: After the opening of A shares, Hong Kong real estate, consumer, and financial stocks will experience a pullback, but this is healthy.
JPMorgan believes that the forward price-earnings ratio of the Chinese stock market has significantly rebounded, indicating a shift in policy towards the inflation direction released by the combination of monetary/real estate assets, and also reflects the market's high expectations for fiscal stimulus policies. However, the short-term outlook may be too optimistic. After the A-share market opens, with more individual investors entering, its performance may outperform Hong Kong stocks.
China International Capital Corporation: Significant year-on-year growth in various consumer data during the National Day holiday, with impressive performance in categories such as household appliances, gold, and jewelry.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
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