Important announcements from the Hong Kong stock market today:

1) Company News

$SINGAMAS CONT (00716.HK)$: It is expected that the net income for 2024 will not be less than 30 million USD (approximately 0.234 billion HKD), a year-on-year increase of approximately 54.34%.

The announcement states that the prolonged crisis in the Red Sea has extended the time and distance of Global Marine Transportation, leading to a significant rise in demand for dry containers. Additionally, strong replenishment activities in the USA have increased China's export volume and new container ship deliveries have created additional demand.

$REGENT PACIFIC (00575.HK)$: Issued a profit warning, expecting an annual loss attributable to shareholders of about 4 million USD to about 5 million USD, a significant decrease in loss year-on-year.

$DRAGON MINING (01712.HK)$JOKISIVU drilling further discovered high-quality samples.

2) Buyback dynamics

$AIA (01299.HK)$Invested 0.333 billion Hong Kong dollars to repurchase 6.197 million shares, with a buyback price ranging from 52.88 to 54.55 Hong Kong dollars per share.

$COSCO SHIP HOLD (01919.HK)$Invested 54.4382 million Hong Kong dollars to repurchase 4.8 million shares, with a buyback price ranging from 11.24 to 11.44 Hong Kong dollars per share.

$HSBC HOLDINGS (00005.HK)$Invested 0.271 billion Hong Kong dollars to repurchase 3.3976 million shares, with a buyback price ranging from 79.45 to 80.20 Hong Kong dollars per share.

$TIMES ELECTRIC (03898.HK)$: Invested 24.0337 million Hong Kong dollars to repurchase 0.8267 million shares, with a repurchase price of 28.8-29.4 Hong Kong dollars per share.

Editor/Somer