The Hong Kong stock market extended its downward trend today, with all three major indices closing lower in a broad-based decline. Market sentiment remained weak amid widespread selling pressure. By the close of trading: The Hang Seng Index fell 0.88% to 19,795.49 points; The Hang Seng Tech Index dropped 1.45% to 4,414.70 points; The China Enterprises Index declined 0.75% to 7,132.69 points. Investor confi...
PPI y/y and m/m declined further. PPI -0.7% m/m, with a -0.6% input prices and producer prices for consumption goods remained at 0%. The weaker PPI numbers are influenced by insufficient market demand and falling prices for certain international commodities, NBS said. Month-on-Month Analysis: PPI dropped by 0.7%, widening the decline by 0.5 percentage points compared to the previous month. The prices of producer goods fell by 1.0%, with a 0.7 percentage point increase i...
The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure. DBS: China Southern Airlines – Buy Target Price HK$4.50; RMB6.30 - Alpha Edge Investing $CHINA SOUTH AIR (01055.HK)$$China Southern Airlines (600029.SH)$
1. This year’s Singles’ Day shopping bonanza is turning out to be a boon for new e-commerce and online shopping trends. Shifting Trends in Singles' Day E-Commerce Singles' Day, popularized by Alibaba more than a decade ago, has undergone changes in China's e-commerce landscape, with consumers turning to live video streaming platforms that provide a more engaging experience. During this year's Double 11 festival period, platforms su...
1. Hong Kong to Launch Saudi Arabia-Focused ETF, Offering Access to World's Third Largest Company The proposed ETF will become an indirect way to invest in Saudi Aramco, the world’s largest and most valuable oil company with a market capitalization of $2.1 trillion. That makes it the world’s 3rd largest company next to Apple and$Microsoft (MSFT.US)$. A launch of the ETF will certainly attract significant flows of investment into Hong K...
$AIR CHINA (00753.HK)$$CHINA SOUTH AIR (01055.HK)$$CHINA EAST AIR (00670.HK)$ UOB KH has a buy rating with tp of HKD6.32. They have sell ratings on China South Air and China East Air with tp of HKD3.68 and HKD2.35 respectively. Based on their respective preliminary earnings guidance, all three major Chinese airlines were still loss-making in 2Q23, missing their expectations of a turnaround in 2Q23. Excluding one-offs and forex losses (seen by all three airlines), CSA and Air China wer...
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