HK Market to open at 1:30pm and close as normal. Results out


21 Aug

HK Market to open at 1:30pm and close as normal. Results out

Regional Markets
JAPAN
opened lower but good Trade data pre market has seen the market work higher. Currently +0.2%
S KOREA Markets opened higher and have trended slightly lower on covid concerns Kosdaq currently +1.5% and Kospi +0.9%
TAIWAN Opened higher in good local results but trended lower to flat before a small uptick currently +0.2%
CHINA opened lower and trending slightly lower in choppy trading on fears that more Chinese companies may be targeted by Trump as relations with US sour.

HK ADR’s indicated -200pts to open at 25,167 with broad based weakness Market saw increased increased shorting Tuesday as HSI failed to break above 25,500 again. Wild card remains Team China who could squeeze the shorts.Results in focus with HK EX, CNOOC and Alibaba amounts other reporting

Data due
Unemployment after market.

EARNINGS DUE Wednesday include Kowloon Development (34), China Resources Beer (291), HK EX (388), CNOOC (883), China Merchants Land (978), Hengan Int (1044), Yuexiu Transport (1052), MMG (1208), China Lilang (1234), Samsonite (1910), BBMG (2009), Yancoal Australia (3668), Alibaba (9988).


NEWS out
DATANG RENEW (1798.HK) announced a planned disposal of 15% equity interest in Datang Corporation Hong Kong Company
to the controlling shareholder China Datang Corporation at a consideration of RMB9.3816 million.
China Foreign Exchange Trade Center announced, on 19 August, the central parities in the interbank forex market of transaction currencies, including the dollar against CNY, are as follows: USD/CNY = 6.9168, up 157 bps from yesterday's central parity and hitting a record high since 23 January.


CSMALL (1815.HK) PROFIT WARNING -VE, expecting a net loss of RMB15 million to RMB25 million for 1H 2020, as compared to a net profit of approximately RMB41 million for the six months ended 30 June 2019.

EARNINGS out
HK FERRY (HOLD) (50.HK) results for the six months ended June 2020. 
Net profit was $18.16 million, -79% yearly. EPS equaled 5 cents. Interim DPS stayed at 10 cents.
MIRAMAR HOTEL (71.HK) interim results ended June 2020. Net profit -79.6% yearly to HK$157 million. Underlying profit -45.4% to HK$229 million, with underlying EPS of HK33 cents.
HUANENG POWER (902.HK) interim results ended 30 June 2020. Net profit grew 58.1% yearly to RMB5.441 billion. EPS equaled 30 fen. No interim dividend was declared.
ROAD KING INFRA (1098.HK) results for the six months ended June 2020. Net profit was $430 million, down 50.5% yearly. EPS equaled 57 cents. Interim DPS was 20 cents.
POWERLONG (1238.HK) interim results ended June 2020. The net profit amounted to RMB2.22 billion, up 23.1% yearly. EPS was 53.6 fen. An interim dividend of HK12 cents was declared, against HK9 cents in a year ago.
CRYSTAL INTL (2232.HK) results for the six months ended June 2020. Net profit reached US$27.58 million, down 54.1% yearly. EPS equaled US0.97 cents. Interim DPS was HK3 cents.
CSTONE PHARMA-B (2616.HK) results for the six months ended June 2020. The loss narrowed to RMB671 million from RMB996 million in a year ago, with LPS of 66 fen. No interim dividend was declared.
KINGDEE INT'L (268.HK) interim results ended June 2020. The company swung into loss of RMB224 million, against net profit of RMB110 million in a year-ago period. LPS equaled 6.87 fen. No interim dividend was declared.
NEXTEER (1316.HK) results for the six months ended June 2020. Net profit was US$1.30 million, down 99% yearly. EPS equaled US0.1 cents. No interim dividend was declared.
KINGSOFT (3888.HK) interim results ended June 2020. It recorded a net profit of RMB9.158 billion (including the net gain on deemed disposal of Kingsoft Cloud of RMB9.096 billion), compared with loss of RMB1.483 billion over a year ago. EPS was 6.7 fen. No interim dividend was declared.

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