LUK FOOK HLDGS Stock Forum

1. Two of China’s established automobile brands record hefty growth in October sales.
Two of China's top automakers posted robust gains in sales last month - Guangzhou-based GAC Group recorded a 5.6% y-o-y increase in car sales and NEV sales rose 39%, while Great Wall Motors saw a jump of 31% in auto sales. Both show that established brands are gaining ground in exports to emerging economies. And growth is not isolated to China’s m...

1. Record Results: China’s leading electric vehicle manufacturer posted yet another set of record results.
BYD Company announced 3Q results that defied slowing industry growth in an increasingly saturated market. Revenues for the period jumped 38.5% to RMB 162.2 billion, while net profits grew 82.2% to RMB 10.41 billion. That was about mid-point of the the company’s early estimates of a 67% to 102% growth in profits announced on Oc...

1.Tourist arrivals to Hong Kong jumped 31% to 3.6 million in July compared with June, which is the highest since the start of the pandemic and the first time that arrivals exceeded 3 million this year.
This is still a far cry from the 4.7 million average monthly arrivals HongKong enjoyed in 2019 but the trend is positive in favor of reaching full recovery by next year. In fact, tourist arrivals from countries like the Philippines an...