Hong Kong Stock Market News:
1) Company News
$CRRC (01766.HK)$: Zhuzhou CRRC Times Semiconductor plans to implement the construction of the medium and low-voltage power module capacity building project (Yixing), with a total investment of no more than 0.946 billion yuan.
$SHOUCHENG (00697.HK)$: Affiliated Yitingche and$Li Auto (LI.US)$Agreement signed with affiliated CHJ Networks HK Limited to establish Shoucheng Supercharge through capital contribution.
$CHINA MER PORT (00144.HK)$: Entered into an affiliate container terminal design agreement for the Phase II project (south section) of the Da Chan Bay Port Container Terminal in Shenzhen.
Business performance update:
$ZIJIN MINING (02899.HK)$: In the first half of the year, the operating revenue was 150.4165 billion yuan, a year-on-year increase of 0.06%; the net profit was 15.084 billion yuan, a year-on-year increase of 46.42%.
$ZHAOJIN MINING (01818.HK)$ : In the first half of the year, the attributable profit to shareholders was 0.553 billion yuan, a year-on-year increase of 118.62%.
$CHINA COAL (01898.HK)$: In the first half of the year, the total revenue was 109.357 billion yuan, a decrease of 7.4% year-on-year; the net profit was 12.732 billion yuan, a decrease of 12.4% year-on-year.
$CMOC (03993.HK)$: In the first half of the year, the total revenue was 102.818 billion yuan, an increase of 18.56% year-on-year; the net profit was 5.417 billion yuan, an increase of 670.43% year-on-year.
In the first half of the year, the company achieved growth in the production of its main products. The production of copper and cobalt doubled, with copper production reaching 0.3138 million tons, an increase of approximately 101% year-on-year, and cobalt production reaching 0.054 million tons, an increase of approximately 178% year-on-year, becoming a major source of increased copper production globally in 2024.
$CRRC Corporation (601766.SH)$(01766.HK): In the first half of the year, the revenue was 90.039 billion yuan, an increase of 3.13% year-on-year; the net profit was 4.201 billion yuan, an increase of 21.4% year-on-year.
$ENN ENERGY (02688.HK)$: In the first half of the year, the revenue was 54.587 billion yuan, an increase of 0.9% year-on-year; the net profit was 2.573 billion yuan.
$TCL ELECTRONICS (01070.HK)$: In the first half of the year, the income was HKD 45.494 billion, a year-on-year increase of 30.3%; net profit was HKD 0.65 billion, a year-on-year increase of 146.5%.
$CHINA XLX FERT (01866.HK)$: In the first half of the year, the income was CNY 12.061 billion, a year-on-year increase of 0.02%; net profit was CNY 0.687 billion, a year-on-year increase of 25.78%.
$TIMES ELECTRIC (03898.HK)$: In the first half of the year, the revenue was approximately CNY 10.284 billion, a year-on-year increase of 19.99%; net profit was approximately CNY 1.507 billion, a year-on-year increase of 30.56%.
$EAST BUY (01797.HK)$: The annual performance for the year ended May 31, 2024 was announced, with a total revenue of approximately CNY 7.073 billion, a year-on-year increase of 56.82%; net profit was approximately CNY 1.7195 billion, a year-on-year increase of 77%.
$TUHU-W (09690.HK)$: The revenue in the first half of the year was 7.126 billion yuan, an increase of 9.3% year-on-year; the net profit was 0.286 billion yuan, an increase of 373.83% year-on-year.
$BAY AREA DEV (00737.HK)$: The revenue in the first half of the year was 0.448 billion yuan, a year-on-year increase of 0.84%; the net profit increased by 40% to approximately 0.241 billion yuan.
$REPT BATTERO (00666.HK)$: The revenue in the first half of the year was 7.597 billion yuan, an increase of 15.19% year-on-year; the loss was 0.443 billion yuan, a year-on-year decrease of 37.63%
$GREENTOWN SER (02869.HK)$: The revenue in the first half of the year was 9.068 billion yuan, an increase of 10.63% year-on-year; the net profit was 0.505 billion yuan, an increase of 21.49% year-on-year.
$MEILAN AIRPORT (00357.HK)$：上半年营业收入1.149 billion元，同比增加7.82%；净亏损0.248 billion元，同比扩大390.01%。
$TIMES CHINA (01233.HK)$：发布盈警 ，预计中期股东应占净亏损约2.8 billion元至3.2 billion元。
$GLORY SUN LAND (00299.HK)$：发布盈警，预期中期净亏损不多于1.6 billion港元。
$LVGEM CHINA (00095.HK)$：发布盈警，预期中期取得亏损同比扩大至约1.61 billion元。
$ZX INC (09890.HK)$: Announces profit warning, expected mid-term net loss of approximately 0.36 billion yuan to 0.4 billion yuan, turning from profit to loss.
3) Buyback Dynamics
$TENCENT (00700.HK)$: Invests approximately 1.002 billion Hong Kong dollars to repurchase 2.66 million shares, with a repurchase price of 373.6-378.4 Hong Kong dollars.
$HSBC HOLDINGS (00005.HK)$: Invests 0.109 billion Hong Kong dollars to repurchase 1.6392 million shares, with a repurchase price of 66.25-66.75 Hong Kong dollars.
$AIA (01299.HK)$: Spent HKD 62.7823 million to repurchase 1.15 million shares. The repurchase price is HKD 54.1-54.95.
$KUAISHOU-W (01024.HK)$: Spent HKD 58.6289 million to repurchase 1.4506 million shares. The repurchase price is HKD 39.2-40.95.
Focus on hotspots:
The major shift of the Federal Reserve to dovish, Powell hints at rate cut: "It's time to adjust policy."
Powell specifically pointed out that rate cuts are the future policy direction, due to increasing confidence that inflation will continue to fall to the 2% target, while the Federal Reserve is neither seeking nor welcoming a further cooling of the job market. He stated that the upward risks of inflation have weakened and the downside risks of employment have increased. "The policy direction has been clear, and the timing and pace of rate cuts will depend on subsequent data, changes in prospects, and risk balance."
Edward Yau: Still need to carefully evaluate the impact of the decline in US interest rates
In his blog, Hong Kong Financial Secretary Edward Yau stated that the market has been anticipating multiple rate cuts by the Federal Reserve this year since the end of last year, but so far there has been no action. The recent comments from Federal Reserve officials have renewed market expectations for a decline in interest rates. Currently, investors generally expect the Federal Reserve to lower rates in meetings before the end of this year. However, Yau pointed out that the timing and extent of rate cuts and the impact on asset market pressures, as well as the impact on the local investment climate, still need to be carefully evaluated amidst various uncertainties.
United States National Security Advisor Sullivan will visit China.
Spokesperson for the Ministry of Foreign Affairs, Mao Ning, announced: At the invitation of Wang Yi, Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Commission for Foreign Affairs, Jack Sullivan, the US President's National Security Advisor, will visit China from August 27 to 29 for a new round of strategic communication between China and the United States.
The Hong Kong Stock Exchange has relaxed the market cap threshold for listing special technology companies, and the threshold for commercialized companies has been reduced to HKD 4 billion.
On August 23, the Hong Kong Securities and Futures Commission, in conjunction with the Hong Kong Exchanges and Clearing Limited, announced short-term amendments to the listing rules of the Main Board. Firstly, the minimum market capitalization for the listing of special purpose acquisition companies (SPACs) was lowered, and secondly, independent third-party investment requirements for SPACs conducting SPAC merger transactions were modified. All amendments will take effect on September 1, 2024. Specifically, the market capitalization threshold for the listing of SPACs will be lowered by 33% or 20%. For commercialized companies, the threshold will be reduced from HKD 6 billion to HKD 4 billion; for non-commercialized companies, the threshold will be reduced from HKD 10 billion to HKD 8 billion. Industry insiders have stated that these revisions are made in response to the latest market conditions and will provide viable avenues for new economy companies with high growth potential to go public, thus enhancing the attractiveness of Hong Kong stocks.
The sales volume of "Black Myth: Wukong" on all platforms has exceeded 10 million units.
According to official news from "Black Myth: Wukong," as of 9:00 PM on August 23, 2024, the game has sold over 10 million copies across all platforms.
At the close of the night session of July 27th,
As of August 24th, $HSI Futures Current Contract (HSIcurrent.HK)$ The closing price is 17,733 points, up 97 points or 0.550%, with a high of 121 points. The total number of open contracts is 112,255, a decrease of 22,959; the net number of open contracts is 30,857, a decrease of 2,229.
Hang Seng Index Bull & Bear Certificates
As of August 24, the latest bull-bear ratio of the Hang Seng Index is 58:42.
The data in the bull-bear certificate distribution chart of the Hang Seng Index shows that the heavy bearish certificate area is in the range of 18,000-18,099, and the latest number of bearish certificates in this range is 838, a decrease of 219 from the previous trading day. The maximum increase is in the range of 17,700-17,799, with the latest number of bearish certificates in this range being 702, an increase of 110 from the previous trading day.
The heavy bullish certificate area is in the range of 17,100-17,199, with the latest number of bullish certificates in this range being 1,165, an increase of 63 from the previous trading day. The maximum increase is in the range of 17,200-17,299, with the latest number of bearish certificates in this range being 513, an increase of 311 from the previous trading day.
Editor/new
