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Foreign capital is turning to sell BYD and Wanhua Chemical Group for more than 0.4 billion, while Beishui continues to increase its holdings in Tencent, Xiaomi, and CNOOC.
Northbound funds sold A shares with a net amount of 5.701 billion yuan, while Southbound funds bought Hong Kong stocks with a net amount of 8.377 billion Hong Kong dollars.
South Water continues to sell Maotai and invests 574 million in Wuxi Apptec, while North Water sells tracker fund of Hong Kong worth 2.24 billion.
Northbound capital net sold A shares for 2.445 billion yuan, and southbound capital net sold Hong Kong stocks for 0.341 billion Hong Kong dollars.
Market Chatter: China CSSC Unit to Build Up to 13 Gas Tankers for ADNOC, Wanhua Chemical JV; Shares Plunge 5%
Research reports: CITIC Securities maintains its "outperform" rating on Wanhua Chemical Group, with a target price of 105 yuan.
China International Capital Corporation's research reports pointed out that based on the utilization of mutually synergistic industry chain, Wanhua Chemical Group (600309.SZ) plans to jointly build a 1.6 million ton integrated facility for special polyolefins. Considering the rich experience of the investment consortium in special polyolefin, as well as Wanhua Chemical Group's advantages in ethane supply chain and cost competitiveness of ethane-to-ethylene process route, we believe that the project cooperation has good profit prospects. In addition, the company plans to fully utilize the carbon dioxide captured from ethylene cracking byproduct hydrogen and polyurethane industry chain, as well as 100% zero-carbon electricity used in the joint venture project, to overall reduce carbon dioxide emissions.
Wanhua Chemical to Set Up Joint Venture With ADNOC-Led Group of Firms
Wanhua Chemical Issues 1.40 Billion Yuan Medium-Term Bonds
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