Oct 5 HK closed +68pts markets rebound from initial weakness.

05 Oct

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HSI +68pts (+0.3%) 24,104 HSCEI -6pts (-0.1%) 8,516 T/O HK$99.77bn (-11.9% DoD no connect flows)  

Markets opened higher on good PMI data.  Financials leading and the laggards were construction and material names.
British bakery chain Greggs +3.2% in early trades after a raising its profit forecast on the back of strong sales.
But GN Store Nord -7% after cutting the 2021 revenue growth forecast for its hearing aid unit.
Services PMI  Sept 56.4 vs 59 Aug (F/cast was 56.3)
Composite PMI Sept 56.2 vs 59 Aug (F/cast was 56.1)
PPI Aug 1.1% MoM vs 2.3% Jul (F/cast was +1.6%)
PPI Aug 13.4% YoY vs 12.1% Jul (F/cast was 13.7%)
Services PMI Sept 56.2 vs 60.8 Aug (F/cast was 56)
Composite PMI Sept 55.5 vs 60.0 Aug (F/cast was 55.3)
Due New Car Registrations Sept (Aug was -23% YoY (F/cast is -14%)
Industrial Production Aug 1% vs +0.3% Jul (F/cast was +0.7%)
Services PMI Sept 56.2 vs 56.3 Aug (F/cast was 56.0)
Composite PMI Sept 55.3 vs 55.9 Aug (F/cast was 55.1)
New Car Sales Sept -34.4% YoY vs -22% Aug (F/cast was -14%)
Services PMI Sept 55.4 vs 55.0 Aug (F/cast was 54.6)
Composite PMI Sept 54.9 vs 54.8 Aug (F/cast was 54.1)
US Futures
Opened Dow +35pts, S&P +0.1% and NDX +0.2% and rose in early trades but turned lower Dow -30pts S&P flat, NDX just +VE
AHEAD Total Vehicle Sales, Balance of Trade. Exports, Imports, Redbook, Services and Composite PMI, ISM Non Manufacturing (PMI, Business Activity, New Orders, Employment), IBB/TIPP Economic Optimism, API Crude Oil Stock Change

Closed re-opens on Friday

CBIRC bans bank loans for luxury speculation and probing money flows into commodities

National Bureau of Statistics' recent data showed a 11.3% YoY growth in China's electricity generation for the first eight months of 2021, implying an overall stable energy supply, according to an article from People's Daily. China has established the world's biggest clean energy generation system, given constant reports of material clean energy project success YTD.

Shenzhen's second hand residential property transaction volume
dropped to 1,765 units in September from 2,043 units in August, marking a decline for the sixth consecutive month, reported Shenzhen Economic Daily, citing data from szhome.com.

Pre market opened @ 23,772 -265pts vs -119pts ADR’s
Signs of margin selling initially coupled with Tech/Ecommerce weakness but then worked better, some signs of stress in the CBBC warrants but market closed in the green at lunch. The increased shorting over the past couple of days and thin trading prompting quick short covering. PM market traded slightly lower for the first 90 minutes and then ticked higher and traded sideways into the close.
China Property weak on news Fantasia failed to repay a bond and loan. Concerns more to follow.
Energy names leaders along with some HK Developers although it is expected that HK CEO Carrie Lam in her final address tomorrow will announce measures to increase Hong Kong’s housing supply.

HK reported 7 new covid case; all imported 
Now over 49 days without a local case.

The Land Registry announced that among the sale and purchase agreements received for registration in September, 5,844 were for residential units (+5.4 per cent compared with August 2021 and +16.3 per cent compared with September 2020).  The total consideration for sale and purchase agreements in respect of residential units was $56.1 billion (+2.9 per cent compared with August 2021 and +29.1 per cent compared with September 2020).

SHORT SELLING HSI Tuesday 19% vs 23.7% Monday
Top shorts 
Country Garden (2007) 54%, Haidilao (6862) 46%, Mengniu Dairy (2319) 44%, China Overseas (688) 40%, CM Bank (3968) 38%, China Res Land (1109) 33%, Ali Health (241) 33%, BDY (1211) 30%, Bank of China (3988) 30%, AIA (1299) 29%, Petrochina (857) 29%, Shenzhou (2313) 28%, HKEX (388) 28%,  HK & China Gas (3) 27%, AAC Tech (2018) 26%, ICBC (1398) 25%, Xinyi Glass (868) 25%.

CK ASSET (01113.HK) announced Li Ka Shing Foundation Limited acquired a total of 1.34 million shares in CK Asset 
at the average price of HK$43.7705, HK$44.8083, HK$45.3038 and HK$44.5529 per share on 28 September, 29 September, 30 September and 4 October 2021 respectively.  As a result, the deemed interests of Li Ka-shing, Victor T K Li and Li Ka Shing Foundation in CK Asset increased from 46.15% to 46.19%; increased from 46.22% to 46.26%; and increased from 11.43% to 11.47%.

SHIMAO GROUP (00813.HK) announced that the Group’s aggregated contracted sales 
for the nine months ended 30 September 2021 amounted to RMB221.503 billion, up 10% YoY.

YUEXIU PROPERTY (00123.HK)  announced that in September, the value of the Company’s contracted sales amounted to RMB6.006 billion, representing a year-on-year decrease of approximately 14%.

HANG SENG BANK (00011.HK) announced that the Bank declared a third interim dividend in respect of the year ending 31 December 2021 of HKD1.1 per share, 
which will be payable on 9 November 2021 to shareholders whose names appear on the register of shareholders of the Bank on 21 October 2021.

BABA-SW (09988.HK)'s travel service platform "Fliggy" announced the travel consumption data of the 1 October National Day holiday, 
revealing that over the first three days of the month, the ticket sales
volume  of the platform hiked over 1x YoY. The booking volume for bed and breakfast accommodations in rural areas and premium hotels increased by over 5.6x and 3.8x respectively, compared to the previous month.

The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong (HKU) released its quarterly Hong Kong Macroeconomic Forecast. Hong Kong’s real GDP is estimated to grow by 6.9% YoY in 21Q3, slightly slower than the 7.6% growth in 21Q2. With vibrant external demand, Hong Kong’s economy is expected to expand. The economic deterioration by the pandemic has been arrested in 2021. Hong Kong’s GDP is expected to grow by 6.4% in 21Q4, and by 7.2% for the year 2021 as a whole.

Regional Markets

Market trended lower at the open despite some good PMI data. Initial support around 7,240 prompted a bounce but then sold down to 7,200 at mid day, after which is worked higher but resistance 7,255 and then trended lower to close -30pts (-0.4%) @ 7,248. Gold miners strong along with Energy names but Tech under pressure. RBA kept rates unchanged as expected.
Hearing that China unloading Australian coal as crisis puts energy over politics
Construction Index Sept 53.3 vs 38.4 Aug (F/cast was 45.6)
Services PMI Sept 45.5 vs 42.9 Aug (F/cast was 44.9)
Composite PMI Sept 46.5 vs 43.3 Aug (F/cast was 46)
Balance of Trade Aug A$15.077b vs A$12.117b Jul (F/cast was A$9.9b
Exports Aug +4% MoM vs 5% Jul
Imports Aug -1% MoM vs +3% Jul
Job Advertisements Sept -2.8% MoMvs -2.5% Aug (Consensus was +0.7%)
Inflation Gauge Sept MoM vs +0.5% Aug
Retail Sales Aug MoM vs -2.7% Jul (F/cast was -1.7%)
RBA Interest Rate Decision no change
Weak retail SSS didn’t help along with CTA selling at the start.
Investors continue to rotate into growth +VE Commodites and Financials. Tech weak. Some bargain hunting as long funds look to add to favourite names.    
Nikkei opened lower and sold down through the morning; finding support at 27,500 level with a slight uptick into lunch. PM opened higher (BoJ action?) and traded sideways to close -623pts (-2.2%) 27,822  
Market in correction having fallen more than 10% from Sept highs.
Relative outperformers Miners, Oil/Coal, EPG cos, Financials
Relative laggards Machinery, Precision Instruments, Appliances
Topix traded in a similar fashion with support at 1,930. PM opened higher, resitance 1,960 and closed -26pts (-1.3%) 1,948
Data pre market
Tokyo CPI Sept +0.3% YoY vs -0.4% Aug (F/cast was -0.4%)
Tokyo Core CPI Sept +0.1% YoY vs 0.0% Aug (F/cast was +0.1%)
Services PMI Sept 47.8 vs 42.9 Aug (F/cast was 47.4)
Composite PMI Sept 47.9 vs 45.5 Aug (F/cast was 47.7)
S Korea 
KDCA reported 1,575 new covid cases and that 53% of the population was now vaccinated.
Initial weakness as Forigner’s started as Sellers of Tech, Local Institutions started with broad Buying after the long weekend; covid re-opening names in focus. Pharma weak. ECommerce hearings getting underway. Autos -VE on weak sales.
Watch SEC (005930) -1.9% but due to report prelims on Friday 8 Oct.
Kospi opened below 3,000 and trended down to 2,940 before seeing support around 10:30am and then worked higher but saw resistance at 2,980; sold down to 2,960 and traded sideways to close -57pts (-1.9%) @ 2,962.
Kosdaq similar pattern; low 950, resistance 970 and closed -28pts (-2.8%) @ 955
Kospi closed below 3,000; at its lowest close since March 2021 and on increased volume.
Taiex opened lower and sold down to 16,160 in the opening minutes, initially a small bounce and retested 16,160 but then worked better then from about 11am traded sideways around flat and closed on an uptick +52pts (+0.3%) 16,461.
Signs of Govt funds actively buying.
TSMC Chairman believes widespread IC chip hoarding judging from what has been shipped and end products produced. Sept Sales due Friday 8 Oct and analysts meeting next week 14 Oct.
LCD +VE as China’s power outages should curb the price declines; +VE AUO and Innolux.
After Market
Foreign Exchange Reserves Sept $544.899b vs 543.578b Aug (F/cast was 544b)
T/O US$11.75bn vs US$10.75bn Monday

HK/CHINA Connect Flows
Closed until Friday.

Active Heavyweights
AIA (01299.HK)  +1.750 (+1.984%)    Short selling $558.35M; Ratio 29.099%   closed at $89.95, up 2%
TENCENT (00700.HK) -7.000 (-1.532%) Short selling $376.58M; Ratio 7.054% closed at $450, down 1.5%
MEITUAN (03690.HK) -3.200 (-1.351%) Short selling $607.90M; Ratio 16.729% closed at $233.6, down 1.4%
BABA (09988.HK) -1.700 (-1.241%) Short selling $493.94M; Ratio 12.099% closed at $135.3, down 1.2%
CCB (00939.HK) +0.060 (+1.095%) Short selling $193.86M; Ratio 23.474% closed at $5.54, up 1.1%
PING AN (02318.HK) -0.250 (-0.488%) Short selling $616.05M; Ratio 23.534% closed at $51, down 0.5%
HKEX (00388.HK) -1.200 (-0.253%) Short selling $221.09M; Ratio 27.647% closed at $474, down 0.3%

HSI & HSCEI Constituents on Move:
SUNAC (01918.HK)  -1.680 (-10.060%)    Short selling $262.60M; Ratio 35.841%    closed at $15.02, down 10.1%
PETROCHINA (00857.HK) +0.280 (+7.588%) Short selling $345.49M; Ratio 28.949% closed at $3.97, up 7.6%, hitting new high
LI NING (02331.HK) +3.050 (+3.482%) Short selling $196.72M; Ratio 21.912% closed at $90.65, up 3.5%
ENN ENERGY (02688.HK) +3.800 (+3.204%) Short selling $42.22M; Ratio 10.682% closed at $122.4, up 3.2%
CG SERVICES (06098.HK) -1.950 (-3.168%) Short selling $75.19M; Ratio 17.514% closed at $59.6, down 3.2%
SANDS CHINA LTD (01928.HK) -0.500 (-3.129%) Short selling $42.71M; Ratio 19.850% closed at $15.48, down 3.1%
SINO BIOPHARM (01177.HK) -0.190 (-3.100%) Short selling $59.76M; Ratio 15.277% closed at $5.94, down 3.1%
CHINA RES LAND (01109.HK) -1.000 (-3.040%) Short selling $130.14M; Ratio 33.042% closed at $31.9, down 3%

HSMI & HSSI Constituents on Move:
E-HOUSE ENT (02048.HK) -0.200 (-14.388%) Short selling $1.42M; Ratio 11.632% closed at $1.19, down 14.4%
FOSUN PHARMA (02196.HK) +4.200 (+12.963%) Short selling $25.44M; Ratio 4.838% closed at $36.6, up 13%
CHINA AOYUAN (03883.HK) -0.440 (-10.732%) Short selling $20.48M; Ratio 22.640% closed at $3.66, down 10.7%
KAISA GROUP (01638.HK) -0.230 (-10.502%) Short selling $22.63M; Ratio 48.083% closed at $1.96, down 10.5%
HENGTEN NET (00136.HK) -0.260 (-10.277%) Short selling $17.12M; Ratio 11.568% closed at $2.27, down 10.3%
TIMES CHINA (01233.HK) -0.680 (-10.180%) Short selling $5.39M; Ratio 18.031% closed at $6, down 10.2%
TIANLI EDU (01773.HK) +0.140 (+10.072%) Short selling $2.69M; Ratio 11.609% closed at $1.53, up 10.1%
CHINA WATER (00855.HK) +0.570 (+6.659%) Short selling $645.80K; Ratio 1.072% closed at $9.13, up 6.7%, hitting new high
BEIJING ENT (00392.HK) +1.000 (+3.263%) Short selling $4.26M; Ratio 7.602% closed at $31.65, up 3.3%, hitting new high
C.P. POKPHAND (00043.HK) +0.020 (+1.802%) Short selling $3.92M; Ratio 3.348% closed at $1.13, up 1.8%, hitting new high

Market News
The upcoming Policy Address is projected to anchor on increase in residential supply, 
while focusing on more subsidized housing, said Louis Chan Wing-kit, Chief Executive Officer (Residential) of Asia Pacific at Centaline Property Agency. However, it is quite unlikely for the government to adjust the prevailing "spicy" measures on housing, which is deemed to be salubrious to the market in the long run. Chan forecast property prices to grow sturdily in the near future.

Macau Novel Coronavirus Response and Coordination Centre announced that some entertainment venues are required to be closed from 00:00 tomorrow (6th) in order to prevent plague from spreading locally, 
as instructed by the Chief Executive.
The related venues include movie theaters, indoor playgrounds, game rooms, Internet cafes, billiards rooms, bowling alleys, steam baths, massage and beauty parlors, fitness centers, health clubs, karaoke rooms, bars, nightclubs, discos and dance halls.The escalating credit crisis of EVERGRANDE (03333.HK)   has been further heightening the credit tension of the Chinese property sector and subsequently increasing the re-financing risks of the developers, remarked rating institution Moody's.  Under a tight credit environment, weak investor sentiment will elevate re-financing risks for the entire sector and the financially weaker developers with lower flexibility will be considerably more vulnerable, expressed Celine Yang, a Moody's Vice President and Senior Analyst.

Yang Jiechi, China's top diplomat and a member of the Communist Party’s Politburo, may hold talks with the U.S. national security adviser, Jake Sullivan, in Switzerland this Wednesday (6th),
with one of the items on the agenda being a potential summit meeting between the Chinese President Xi Jinping and the U.S. President Joe Biden, reported South China Morning Post, citing people familiar with the matter.

AlipayHK announced that, with the second instalment of the electronic consumption voucher being disbursed during the three-day National Day holiday, 
along with multiple discounts jointly launched by AlipayHK and merchants, the total transaction
volume of the period leaped nearly 750%, compared to the corresponding period of the previous year.

EVERGRANDE (03333.HK) had launched Emerald Bay and The Vertex for sales earlier. Recently, Midland Realty has brought a lawsuit to the High Court for the developer's failure to pay more than $43.45 million in sales commission. 
EVERGRANDE is hence required to pay interest fees and costs for the lawsuit.
The respondents are Twin City Holdings Limited and Fortune Choice Development Limited.

RAZER (01337.HK)  announced a new strategic partnership with global interactive entertainment developer and publisher, miHoYo, for its game -- Genshin Impact.  
As part of this partnership, RAZER and miHoYo will further immerse gamers in the open-world action role playing game title through licensed co-branded peripherals, Razer Chroma RGB integration and product support such as a custom-tuned THX Game Profile to enhance the gaming experience. Together with miHoYo, RAZER will develop co-branded gaming hardware, including Razer DeathAdder V2 Pro gaming mouse, Razer Iskur X ergonomic gaming chair with "Genshin Impact" themed designs.

Sami Abouzahr, Head of Customer Wealth for HSBC Wealth and Personal Banking in Hong Kong, revealed that new millennial customers of the bank grew by more than 30% YoY in 1H21, 
whereas over half of the bank's new customers were also millennials. Abouzahr said the bank will continue to invest in product and platform development so as to draw the related customers.

Oxford Economics mentioned in its report that China's property sector slowdown could be exacerbated by EVERGRANDE (03333.HK)'s predicaments, 
while economic activities are being undermined by the pandemic, power shortage and production chop. Therefore, the global advisory firm lowered China's 4Q21 economic forecast from 5% to 3.6%, and the 2022 estimate from 5.8% to 5.4%.

S&P Global Ratings affirmed the "A+" long-term issuer credit rating on BABA-SW (09988.HK)  and the "A+" long-term issue ratings on the company's senior unsecured notes with a stable outlook. 
The stable outlook reflected that BABA-SW is expected to continue expanding its market share in the fast-growing Chinese e-commerce market, while maintaining a solid profit margin on its core business operations, S&P added.  The changes in China's regulatory environment might increase the difficulty for BABA-SW to set out clear and detailed long-term strategy, as the company is facing stricter regulation, apart from the recent fines, the rating institution remarked.

S&P Global Ratings affirmed the "A+" long-term issuer credit rating for TENCENT (00700.HK) with a "Stable" outlook. Driven by its operations in mobile games, online advertising, cloud computing and payment services, 
TENCENT is expected to maintain a double-digit growth in its revenue and a robust cash flow over the coming 24 months, which would support the tech giant's investment in cloud infrastructure, content and acquisitions, the rating institution added.  S&P remains confident in the performance of TENCENT's management team despite the fact that China's constantly evolving regulatory environment might induce uncertainties in relation to executing long-term strategic plans. Combined with the company's stably strong market position across various business segments, S&P revised the management and governance (M&G) score to "Satisfactory" from "Strong".

The effectiveness of the Covid vaccine co-developed by Pfizer, Inc. (PFE.US)  and BioNTech SE (BNTX.US) fell from 88% to 47% six months after the second shot, Reuters citing the latest research data.

Hong Kong's chief executive, Carrie Lam, expressed that the Hong Kong government has not received any timeframe in relation to enforcing the Anti-foreign Sanctions Law in Hong Kong from the central government.  
Lam stressed that the Chinese government will take into consideration Hong Kong's position as an international financial center when the necessity arises for the relevant law to be enforced in Hong Kong.  Beijing has already decided to postpone legislating the Anti-sanctions Law in Hong Kong, reported HK01, citing sources.

Chief Executive Carrie Lam underscored that resuming border with China tops the HKSAR Government's tasks, among which the primal focus is to enable quarantine-free personnel travel between Hong Kong and China because both places are more closely tied to one another in terms of livelihood and economy, compared to rest of world.  The HKSAR Government will pull out all the stops to facilitate the central government's requirement and enhancement measures, and is willing, pleased and steadfast in bettering the conformity with Chinese measures, Lam stressed.

Chief Executive Carrie Lam said tomorrow's Policy Address will have a length similar to last year's, expecting to take two hours finishing reading. 
The Address will cover solutions for housing and land problems, as well as focus on future economic development and integration into national growth, the CE revealed.  Lam added that the Policy Address will no longer propound bailout for issues wreaked by epidemic since numerous initiatives were rolled out in the past two months. Yet, the Secretaries of different government departments will propose further measures when needed in future.

Schroders unloaded 7.331 million H-shares of GREATWALL MOTOR (02333.HK) last Wednesday (29 September) at an average price of around $28.52  each, pocketing around $209 million, according to HKEX's data.

SHUN TAK HOLD (00242.HK) announced that SAIL (a wholly-owned subsidiary of the company), WMMH, WM HK Company, WM WFOE and the Founder Parties, 
entered into the share purchase agreement, pursuant to which, SAIL conditionally agreed to acquire, from WMMH, 89.3342 million WM Series D shares at the consideration of US$70 million.   SAIL and WMMH entered into the share exchange agreement, pursuant to which, SAIL conditionally agreed to sell 137 million shares of APOLLO FMG (00860.HK)  +0.050 (+10.000%)    Short selling $117.48K; Ratio 0.963%   at a price of HK$0.68 per share which represents a premium of approximately 33.3% over the closing price of HK$0.51 on the last trading day. In consideration, WMMH has conditionally agreed to issue and sell the WM exchange shares to SAIL.

BYD COMPANY (01211.HK) announced that its "Han" model reported sales of more than 10,000 vehicles in September, i.e. 10,248 units, up 13.4% MoM or 82.6% YoY, 
logging a positive growth for six straight months. Among which, "Han" EV sales soared 115.1% YoY to 7,796 units; "Han" DM sales grew 23.3% to    2,452 units.

Volvo Cars under Zhejiang Geely Holding is set to fire up its

IPO in Stockholm, Sweden this year, with the aim to raise SEK25 billion (approx USD2.9 bn). Zhejiang Geely will remain as the largest shareholder of the company after the listing of its shares

After acquiring a payment license in March in China, Huawei is beginning to test its payment service in the ticket sale of the Huawei Developer Conference, reported China Securities Journal.
From 24 September to 10 October, users can purchase tickets of the 2021 Huawei Developer Conference through "Huawei Wallet" and they will be able to make payment with bank cards which "Huawei Payment" supports. At the moment, the option of "Huawei Payment" is not yet available on the "Huawei Wallet" application, indicating that the ticket sale of the Developer Conference might be the very first testing ground of the mobile payment feature.

CG SERVICES (06098.HK) announced that the group was informed by COLOUR LIFE (01778.HK)  that it is probable that FANTASIA (01777.HK), the controlling shareholder of COLOUR LIFE, will default on external debts. The group was also informed that COLOUR LIFE failed to repay the loan provided by CG SERVICES to COLOUR LIFE on 30 September 2021 with a principal amount of Hong Kong dollars equivalent to RMB700 million and due on 4 October 2021.

FANTASIA (01777.HK) announced earlier that all outstanding
principal amount of the 2021 Notes shall be due yesterday (4 October).
The Company did not make the payment on that day.
The outstanding principal amount of the Notes is US$206 million, and FANTASIA is seeing phased liquidity tightness under multi-pronged factors like Covid relapse, sector policy and macroeconomics. However, an emergency response team has been established, underpinned by local governments, financial institutions and financial advisors. The Company is coming up with risk mitigation solutions in hopes of resolving the phased predicament soon.

TENCENT (00700.HK)'s mobile eSports platform, Penguin eSports, issued a statement that the company will be cooperating with BILIBILI-SW (09626.HK) to build a live-streaming race content ecology. Through the  partnership, the two parties will endeavor to breach the channel barrier  and offer rich and diverse racing content to the audience, the  statement added.

Pre Market News
FE CONSORT INTL (00035.HK)'s chairman David Chiu is planning to exit Forever Top Asia Consortium, the major shareholder of I-CABLE COMM (01097.HK),
and to transfer his stake in the company to the chairman of NEW WORLD DEV (00017.HK), Henry Cheng, which would in turn boost Cheng's stake in Forever Top from 45.5% to 70%.

Macau's Novel Coronavirus Response and Coordination Centre announced the city has further found one confirmed COVID-19 case today (5th), marking Macau's 75th confirmed case over the past two years.  The patient is a 42 years old Vietnamese female and has been listed as a close contact, the announcement added.

FANTASIA (01777.HK) announced that all  outstanding principal amount of the 2021 Notes shall be due yesterday (4 October). 
The Company did not make the payment on that day. The Board and the management of the Company will assess the potential impact on the financial condition and cash position under the circumstances. The Company will continue to closely monitor the development of this matter.  Trading in the shares of the Company was halted from 29 September and will remain suspended until further notice.

PCCW (00008.HK) Managing Director Janice Lee yesterday announced in an internal letter to officially set up a new company 
taking the helm of ViuTV's home-grown programs and artist management business, reported local media. The new entity will be operating on a self-financing basis, set to explore and tap into markets outside Hong Kong, she added.

International Air Transport Association (IATA) forecast that, along with the economic recovery, the airlines' losses will narrow substantially over next year, 
from this year's USD51.8 billion to USD11.6 billion. North American airlines, in particular, are predicted to return to profit by next year.  IATA, however, lifted its loss estimate of this year from its April estimate of USD47.7 billion to USD51.8 billion. The estimate of last year's losses was likewise hiked from USD126.4 billion to USD137.7 billion.

IMAGI INT'L (00585.HK) announced that Imagi Investments (BVI) Limited, an indirect 90.01%-owned subsidiary of the Company, yesterday disposed of all 3 million EVERG VEHICLE (00708.HK)  
Shares it held on the open market at an average price of HK$3.84 per Share for an aggregate consideration of HK$11.52 million.
As a result of the Disposal, the total revenue of the Company is expected to reduce by HK$79.1 million for the year ending 31 December 2021 and the Group is likely to experience a loss.

CHINASOFT INT'L (00354.HK) announced that the company entered into the placing agreement with the placing agent to place an aggregate of 162 million placing shares at the price of HK$12.26 per share, which represents a 9.9% discount compared to yesterday's closing price of HK$13.6.   The net proceeds from the placing are estimated to be HK$1.97 billion, which will be utilized on the research and development of full-stack cloud smart products and solutions, as well as investments and mergers and acquisitions related to the company’s main business so as to further enhance the company’s technological capabilities and perfect the overall business layout.

BLUE RIVER HLDG (00498.HK) announced a series of transactions.  A total of 570,000 EVERGRANDE (03333.HK) Shares were sold in the open market on 16 July for an aggregate consideration of HK$5.5 million; a total of 485,600 EVERG SERVICES (06666.HK) Shares were sold in the open market
on 10 August for an aggregate consideration of HK$3.1 million; and a total of 18.29 million EVERG VEHICLE (00708.HK) Shares were sold in the open market on 4 October for an aggregate consideration of HK$59.1 million.

XIAOMI-W (01810.HK)'s statement disclosed that on 4 October, it repurchased 2.4 million shares of the company 
on the Stock Exchange at $20.6-20.65 per share, involving approximately $49.45 million.  YTD, the company has repurchased a total of 119 million shares, accounting for 0.47% of the company's share capital.

KAISA GROUP (01638.HK) announced that the group recorded contracted sales of approximately RMB5.701 billion with contracted gross floor area (GFA) of approximately 305,760 sq.m. in September 2021.  The total contracted sales of the group for the nine months ended 30 September 2021 amounted to RMB87.549 billion with the total contracted GFA of approximately 5.1552 million sq.m., representing an increase of 32.9% and 34.2% as compared with corresponding period in 2020, respectively.

DEXIN CHINA (02019.HK announced that, on the previous trading day (4th), the company's chairman and controlling shareholder, Hu Yiping acquired 27.646 million ordinary shares of the company at an average price of HK$2.85 per share, involving approximately $78.79 million.  Immediately following the acquisition, Hu is interested in an aggregate of 1.916 billion shares, representing approximately 70.96% of the total issued share capital of the company.

SUNWAH KINGSWAY (00188.HK) announced that during the period from 1 December 2020 to 4 October 2021, the Company conducted on the Stock Exchange a series of on-market transactions to dispose of an aggregate of 616,000 TRACKER FUND (02800.HK)  Units in the range between HK$24.73 and HK$29.16 per Unit for an aggregate consideration of approximately HK$15.788 million.

CENTRAL CHINA (00832.HK)  announced that, in September, the Group achieved property contracted sales of RMB5.375 billion, representing a year-on-year decrease of 17.5%.

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