Hong Kong Stock Market News:
1) Company News
$CHINA RES POWER (00836.HK)$Cumulative sales of electricity reached 0.117 billion megawatt-hours in the first 7 months, an increase of 5.2% year-on-year. The sales of wind power increased by 7.9% year-on-year, and the sales of photovoltaics increased by 191.4% year-on-year.
$SICHUAN EXPRESS (00107.HK)$Has entered into a strategic investment agreement with CMB Fund.
Business performance update:
$J&T EXPRESS-W (01519.HK)$For the first half of the year, the revenue was $4.862 billion, a year-on-year increase of 20.62%; net income was $27.589 million; and adjusted EBITDA was $0.351 billion, a year-on-year increase of 795.6%.
The announcement stated that the increase in revenue mainly came from the growth of courier service revenue in 13 countries. Among them, courier service revenue increased by 33.7% year-on-year to USD 4.74 billion, with a total of 11.01 billion packages processed, a year-on-year increase of 38.3%.
$CHINA STATE CON (03311.HK)$In the first half of the year, the revenue was about HKD 61.755 billion, a year-on-year increase of 12.1%, and the net profit was HKD 5.465 billion, a year-on-year increase of 12.7%.
During the period, the cumulative newly signed contract amount was approximately HKD 125.13 billion. As of June 30, 2024, the total contract amount on the books of the group was approximately HKD 673.71 billion, of which the outstanding contract amount was approximately HKD 407.55 billion.
$YANCOAL AUS (03668.HK)$In the first half of the year, the general operating revenue was AUD 3.138 billion, a year-on-year decrease of 21%, and the net profit after tax was AUD 0.42 billion, a year-on-year decrease of 57%, mainly due to the decrease in coal sales revenue.
$HENGAN INT'L (01044.HK)$In the first half of the year, the revenue was CNY 11.836 billion, a year-on-year decrease of 3%; net income was CNY 1.409 billion, a year-on-year increase of 14.9%.
$POLY PPT SER (06049.HK)$In the first half of the year, the revenue was CNY 7.871 billion, a year-on-year increase of 10.22%, and the net profit was CNY 0.846 billion, a year-on-year increase of 10.8%, mainly due to the expansion of the area and number of projects managed by the Group.
$CHAMPION REIT (02778.HK)$For the first half of the year, distributable income was about HKD 0.544 billion, a year-on-year decrease of 11.9%.
$GIANT BIOGENE (02367.HK)$In the first half of the year, the revenue was about CNY 2.54 billion, a year-on-year increase of 58.2%; net profit was about CNY 0.983 billion, a year-on-year increase of 47.4%.
During the period, revenue from KFMM brand was RMB 2.071 billion, a year-on-year increase of 68.6%. Revenue from Kola Jin brand was RMB 0.396 billion, a year-on-year increase of 23.6%.
$KINETIC DEV (01277.HK)$In the first half of the year, the revenue was CNY 2.532 billion, a year-on-year increase of 69.7%; net income was CNY 1.095 billion, a year-on-year increase of 92.1%.
$SKB BIO-B (06990.HK)$In the first half of the year, the revenue was CNY 1.383 billion, a year-on-year increase of 32.2%; net profit was CNY 0.31 billion, turning losses into profits year-on-year, mainly due to the strengthening of cooperation with Merck, with milestone payments received during the period totaling $90 million.
$BANK OF TIANJIN (01578.HK)$Expected net profit in the first half of the year to increase by 136.36% to CNY 1.976 billion.
$SEAZEN (01030.HK)$Expected net profit in the first half of the year to be between CNY 0.9 billion and CNY 1.1 billion.
$ZHENRO PPT (06158.HK)$Expected net loss in the first half of the year to be between CNY 2.2 billion and CNY 2.4 billion.
$TONGGUAN GOLD (00340.HK)$The company announced a profitable year, with an expected net profit of about 91 million Hong Kong dollars in the midterm, an increase of about 469% year-on-year.
3) Buyback Dynamics
$TENCENT (00700.HK)$Acquired 2.68 million shares with a total cost of 1.001 billion Hong Kong dollars, at a repurchase price range of 371.4-377.6 Hong Kong dollars.
$AIA (01299.HK)$Acquired 1.1978 million shares with a total cost of 62.3758 million Hong Kong dollars, at a repurchase price range of 51.85-52.45 Hong Kong dollars.
$HANG SENG BANK (00011.HK)$Acquired 0.228 million shares with a total cost of about 20.9339 million Hong Kong dollars, at a repurchase price range of 91.1-92.15 Hong Kong dollars.
Focus on hotspots:
On the eve of the Federal Reserve’s annual meeting, the emerging market currency index hit a historical high.
As the prospect of the Federal Reserve launching interest rate cuts becomes increasingly clear, emerging market currencies have risen sharply on Monday. The MSCI Emerging Market Currency Index hit a new historical high, with offshore RMB appreciating by more than 300 points. Traders are betting on Powell's speech this week and next month's interest rate meeting.
National Development and Reform Commission: Approve five nuclear power projects including phase one project at Xupu, Jiangsu.
On August 19, Premier **** hosted the executive meeting of the State Council. The meeting approved the "Opinions on Promoting High-level Opening-up to Promote High-quality Development of Service Trade" and the "Special Management Measures for Access of Foreign Investment (Negative List) (2024 Edition)". The meeting approved the draft regulations on filing and review of laws and regulations and the draft regulations on urban public transportation. It also studied policy measures to promote the high-quality development of specialized, special, and new small and medium-sized enterprises and approved five nuclear power projects, including the first phase of the Xupu project in Jiangsu.
Trump: If elected, will consider letting Musk serve as cabinet or advisory role.
Former US President Trump said that if elected as the next US president, he will consider cancelling the $7,500 electric car tax credit and will consider letting Musk serve as a cabinet or advisory role, if he is willing.
As a representative of hawks among Federal Reserve officials, Minneapolis Fed President Kashkari said he is open to a rate cut in September, but the rate cut should not exceed 25 basis points.
As a representative of hawks among Federal Reserve officials, Minneapolis Fed President Kashkari said he is open to a rate cut in September, but the rate cut should not exceed 25 basis points.
ECB board member Lane: The recent increase in downside risks to eurozone growth enhances the rationale for rate cut in September.
ECB board member Lane said that there are no signs of a clear rebound in the manufacturing sector, and that industrial production may not be as temporary as expected. The recent increase in downside risks to eurozone growth further enhances the rationale for the ECB to cut rates in September.
The prices of two major crude oil futures fell more than 2%, due to the easing of crude supply concerns as the US pushed for a ceasefire agreement in Gaza, and the market's weak demand outlook. WTI crude oil futures settlement price fell 2.97% to $74.37 per barrel. Brent crude oil futures settlement price fell 2.54% to $77.66 per barrel.
As the US pushed for a Gaza ceasefire to ease concerns about oil supply and weak demand prospects put pressure on the oil market. WTI crude oil futures settlement price fell 2.97%, closing at $74.37 per barrel. Brent crude oil futures settlement price fell 2.54%, closing at $77.66 per barrel.
At the close of the night session of July 27th,
As of August 20th, $HSI Futures Current Contract (HSIcurrent.HK)$ As of August 20, it closed at 17,741 points, up 133 points or 0.755%, with a high of 171 points. The total number of open contracts was 113,604, a decrease of 19,598; the net number of open contracts was 35,106, a decrease of 4,646.
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Hang Seng Index Bull & Bear Certificates
As of August 20, the latest bull and bear street cargo ratio for the Hang Seng Index was 51:49.
According to the distribution chart of bull and bear certificates on the Hang Seng Index, the heavy bear cargo zone and the highest new addition are both in the 18,000-18,100 range. The latest bear certificate quantity in this range is 1,097, an increase of 351 from the previous trading day.
The heavy long-term area and the largest addition for bull certificates were in the range of 17,100-17,200. The latest number of bull certificates in this range was 1,061, an increase of 841 from the previous trading day.
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