① Aobo Holdings cut losses by more than 90% in the first quarter. What are the highlights of profit recovery?
② What impact will Teb International's plan to sell its business for nearly HK$1.2 billion will it have on the company?
The important announcements for Hong Kong stocks yesterday are as follows:
1) Company news
$XTEP INT'L (01368.HK)$: It is proposed to sell KP Global, which owns the “Gestway” and “Paladin” brands, to the controlling shareholder Ding's family for US$151 million (about 11.80). Once the sale is completed, a special dividend will be paid.
According to the announcement, Trap International acquired the “Gastway” and “Paladin” brands at a cost of US$260 million in 2019, but due to the COVID-19 pandemic and escalating geopolitical tension, global economic and trade activities were affected, and the retail market faced challenges, which had a significant negative impact on the brand's business.
$SJM HOLDINGS (00880.HK)$: Total net revenue for the first quarter was HK$6.92 billion, up 73% year on year, and net loss of HK$74 million, narrowing by 91.48% year on year; adjusted EBITDA of HK$864 million, up 2687% year on year.
$SMIC (00981.HK)$: Revenue for the first quarter was 1.75 billion US dollars, up 19.7% year on year; net profit was 71.792 million US dollars, down 68.9% year on year.
According to the announcement, the increase in revenue was mainly due to an increase in wafer sales. Some customers continued to demand early delivery in the second quarter. Revenue increased 5% to 7% month-on-month in the second quarter, and the gross profit margin was 9% to 11%.
$HUA HONG SEMI (01347.HK)$: Sales revenue for the first quarter was approximately US$460 million, down 27.1% year on year, and net profit profit of US$31.818 million, down 79.1% year on year. The announcement stated that the decrease in sales revenue was mainly due to a decrease in average sales price.
$U-PRESID CHINA (00220.HK)$: The unaudited after-tax profit of the invested company in the first quarter was RMB 457 million.
$CHERVON (02285.HK)$: Sales achieved positive year-on-year growth in the first 4 months, and achieved high double-digit growth in April.
$CENTRAL CHINA (00832.HK)$: In the first 4 months, cumulative contract sales amounted to 2.58 billion yuan, a year-on-year decrease of 63.3%.
$GANGLONG CHINA (06968.HK)$: In the first 4 months, cumulative contract sales amounted to 1,809.1 billion yuan, a year-on-year decrease of 57.94%.
$KONG SUN HOLD (00295.HK)$: The total power generation in the first 4 months was about 992,000 megawatt-hours, a decrease of 9.2% over the previous year.
$COFCO JOYCOME (01610.HK)$: The number of pigs released in April was 244,000, a decrease of 5.06% over the previous month.
$DCWT (03768.HK)$: The 246 million shares of the company held by the controlling shareholder will be judicially auctioned on the auction platform.
2) Repurchase news
$XIABUXIABU (00520.HK)$: He Guangqi, chairman of the board of directors and controlling shareholder of the company, has recently purchased a total of 20.575 million shares of the company from the open market. The total cost is about HK$33.991 million, and the average increase in holdings is HK$1.61 per share.
$AIA (01299.HK)$: Approximately HK$158.93,900 was spent to repurchase 255,000 shares at a repurchase price of HK$61.7-63.1.
$HSBC HOLDINGS (00005.HK)$: Approximately HK$218 million was spent to repurchase 3.0976 million shares at a repurchase price of HK$70.25-70.65.
$HANG SENG BANK (00011.HK)$: Approximately HK$31.9023 million was spent to repurchase 300,000 shares at a repurchase price of HK$105.90-107.50.
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