Important Announcement for Hong Kong Stocks.
1) Company News
$COUNTRY GARDEN (02007.HK)$The Hong Kong High Court has approved the company's liquidation application hearing postponed to January 20, 2025, and the company will continue to orderly push forward the overseas debt restructuring.
$WUXI APPTEC (02359.HK)$The company achieved a revenue of 17.241 billion yuan in the first half of the year, down 8.64% year-on-year, with a net income of 4.239 billion yuan, down 20.20% year-on-year. The company expects revenue to reach RMB 38.3-40.5 billion in 2024 and will maintain positive growth after excluding specific commercial production projects, with an expected growth rate of 2.7%-8.6%.
$CHINA RAIL CONS (01186.HK)$The accumulated amount of newly signed contracts in the first half of the year was 1.1006217 trillion yuan, a year-on-year decrease of 19.02%, of which the newly signed contract amount in the second quarter was 549.9321 billion yuan.
$CHINA RAILWAY (00390.HK)$The accumulated amount of newly signed contracts in the first half of the year was 1.0785 trillion yuan, a year-on-year decrease of 15.3%, of which the newly signed contract amount in the second quarter was 456.86 billion yuan.
$CHINA COMM CONS (01800.HK)$The newly signed contract amount in the first half of the year was 960.867 billion yuan, a year-on-year increase of 8.37%, which completed 48% of the annual target.
$Fuyao Glass (03606.HK)$: A wholly-owned subsidiary located in Moraine, Ohio, USA, Fuyao America received an on-site inspection from US government agencies at around 10 a.m. on July 26 local time. Fuyao America is not under investigation. All production and operation of Fuyao America is normal. Affiliated companies, Evergrande New Energy Automobile and Evergrande Smart Automobile, have received notices. Some creditors applied to relevant local courts on July 25, 2024 to apply for bankruptcy reorganization of relevant subsidiaries, which will have a significant impact on our production and operation activities of the company and related subsidiaries. The announcement also stated that discussions about potential equity transfers are still ongoing, but the potential sellers and buyers have not yet entered into a purchase agreement. Due diligence on potential transactions is still pending, including the potential buyer's proof of funds and a comprehensive investigation of the group's assets, liabilities, and operations, etc.Revenue in the first half of the year was 18.34 billion yuan, a year-on-year increase of 22.01%, with a net income attributable to the parent company of 3.499 billion yuan, a year-on-year increase of 23.35%.
$XUANWU CLOUD (02392.HK)$It is expected that the revenue in the first half of the year will increase by 20% to 25%, mainly driven by the strong performance of the group's SaaS business segment.
$WHARF HOLDINGS (00004.HK)$It is expected that the net loss in the first half of the year will be HKD 2.5-2.8 billion, compared with a profit of HKD 0.696 billion in the same period of the previous year.
$WHARF REIC (01997.HK)$Issued a profit warning, with a expected mid-term loss of no less than HKD 0.9 billion.
$EDA GROUP HLDGS (02505.HK)$Expected net profit in the first half of the year is 28.9 million-31.8 million yuan, a year-on-year increase of about 0% to 10%.
$ZHENRO PPT (06158.HK)$The final deadline for the restructuring support agreement has been further extended to 11:59 pm on August 8, 2024, based on the terms of the restructuring support agreement.
$KINGFARPROPERTY (01354.HK)$The stabilizing price period ended and there was no stabilizing price action or excess share placing lapsed.
$CRRC (01766.HK)$To accelerate the development of the company's digital industry, comprehensively build a digital and intelligent enterprise, and promote the company's high-quality development, the board of directors has agreed to set up a digital business unit.
$SPRING REIT (01426.HK)$In the second quarter, the average old goods monthly rent of affiliated Huamao Property was 344 yuan per square meter, a decrease of 1.5% month-on-month, and the average occupancy rate was about 87%, a decrease of 2 percentage points month-on-month. The Beijing office building market was still full of challenges during the period.
2) Repurchase Dynamics
$AIA (01299.HK)$Spent approximately HKD 0.211 billion to repurchase 4.0028 million shares at a repurchase price of HKD 52.2-53.25 per share.
$HSBC HOLDINGS (00005.HK)$Spent approximately HKD 0.116 billion to repurchase 1.75 million shares, and this round of repurchase has been completed, with a total cost of approximately USD 3 billion.
$KINTOR PHARMA-B (09939.HK)$The Chairman of the Board of Directors, Executive Director and CEO Tong Youzhi increased his shareholding by 0.9955 million shares of the company's stock.
Focus on hotspots:
Three major indexes rose and fell, with Tesla up more than 5%
On Monday U.S Eastern Time, the three major indexes rose and fell, with the Dow slightly down, the S&P 500 slightly up, and the Nasdaq up 1% at one point and then turned down, but ultimately recorded a slight increase. Most large technology stocks rose, with Apple up 0.13%, Microsoft up 0.34%, Tesla up 5.60%, Google up 1.51%, Amazon up 0.38%, Meta barely changed, Nvidia down 1.30%, and Netflix down 0.70%.
The latest deployment of the China Securities Regulatory Commission! Clarify 6 key tasks for the second half of the year
The China Securities Regulatory Commission recently held a meeting to study and implement the spirit of the Third Plenary Session of the 20th Central Committee and the mid-year work conference, deploying further comprehensive and deepening reform of the capital market and key tasks for the second half of the year. Next, we need to focus on the following tasks: first, effectively maintain market stability. Second, serve the recovery and improvement of the real economy more vigorously. Third, promote the registration system for stock issuance. Fourth, cultivate high-quality listed companies. Fifth, focus on preventing and resolving risks in key areas such as private equity funds, trading venues, bond defaults, and industry institutions. Sixth, greatly improve the effectiveness of regulatory law enforcement.
Large and medium-sized banks completed the first round of deposit rate cuts this year
China CITIC Bank, China Everbright Bank, Industrial Bank, Shanghai Pudong Development Bank, Minsheng Bank, Hua Xia Bank, China Zheshang Bank, Guangfa Bank, China Bohai Bank and Hengfeng Bank adjusted their RMB savings deposit rates on July 29. Together with China Merchants Bank and Ping An Bank, which had already adjusted their rates on July 26, all 12 national joint-stock banks have completed this round of deposit rate cuts. In this rate cut, state-owned banks and 12 joint-stock banks have all cut their demand deposit rates by 5 basis points to 0.15%, the first adjustment of demand deposit rates since June 8, 2023.
In June, the domestic market's mobile phone shipment volume increased by 12.5% year-on-year
According to the data of the China Academy of Information and Communications Technology, the domestic market's mobile phone shipment volume reached 24.912 million units in June 2024, an increase of 12.5% year-on-year. Of these, 22.131 million units were 5G phones, an increase of 27.8% year-on-year, accounting for 88.8% of the same period's mobile phone shipments.
At the close of the night session of July 27th,
As of July 30,$HSI Futures Current Contract (HSIcurrent.HK)$The night market closed at 17212 points, down 41 points or 0.238%, with a low water mark of 26 points, with a current open interest of 27143 contracts.
Hang Seng Index Bull & Bear Certificates
As of July 30, the latest bull-bear ratio of the Hang Seng Index was 57:43.
According to the data, the bear certificates heavy trading area is in the range of 17700-17799, with the latest bear certificates in this range being 719, an increase of 157 from the previous trading day. The most new certificates were added in the range of 17600-17699, with the latest number of bear certificates in this range being 579, an increase of 206 from the previous trading day.
The bull certificates heavy trading area is in the range of 16700-16799 with the latest bull certificates in this range being 1200, a decrease of 65 from the previous trading day.
Editor/Somer
