HSI -551pts (-2.1%) 25,316 HSCEI -234pts (-2.6%) 8,916 T/O HK$164.85bn (+22.7% DoD)
Opened lower on Fed taper talk but that was before the recent surge in covid delta variant resurgence. All sectors in the red.
Gn Store Nord weak after reporting its second-quarter results. Mining firms Anglo American and Antofagasta were also among the top losers in the mid-morning session.
Comcast and ViacomCBS announced a deal to launch a European streaming service, SkyShowtime, thus increasing competition with Netflix and others.
Goldman Sachs announced it will buy the asset management arm of Dutch insurer NN Group for 1.7 billion euros ($1.98 billion).
Opened slightly lower Dow -20pts S&P and NDX flat but sold off during Asian/Europe trading to Dow -253pts, S&P -0.6% and NDX -0.5%.
Ahead Initial Claims, Philadelphia Fed Manufacturing Index, Leading Index, EIA Natural Gas Stocks, TIPS Auction.
CHINA CSI 300 closed -32pt (-0.7%) @ 4,862
CSI 300 opened slightly lower and tested yesterday’s close in early trades but without success and sold down to 4,840 level before bouncing into lunch. PM opened higher and worked better but again resistance approaching 4,890, it tried a couple of times but failed and sold bacl down to the lunchtime leve. Restructuring of China Huarong seen as +VE but still the lack of Govt or PBoC stimulus a concern. President Xi’s call for ‘common prosperity’ raises the spectre of the much talked about property tax being imposed -VE Property and Banks. Non-Ferrous names weak as Iron ore and copper turn weaker.
Shanghai Composite -20pts (-0.6%) @ 3,466 T/O US$74,138 -0.8%DoD
Shenzhen Composite +33pts (+0.2%) @ 14,487 T/O US$104,650 +2.3% DoD
ChiNext Composite Index +22pts (+0.6%) @ 3,530CHINA DATA
China's National Health Commission reported 46 COVID-19 confirmed cases yesterday (18th), with five of them being local infections (3 in Jiangsu; 1 in Shanghai; 1 in Yunnan).
Pre market opened @ 25,787 -79pts vs -124pts ADR’s
Market sold down on expectation of more Govt regulation not just of Ecommerce (Baba hits new lows, Tencent ) but whole private sector. Morning support at 25,400 and PM worked slightly better initially but resistance approaching 25,550 and then trended lower for the next 2hours with support around 25,180 level and then a small bounce into the close.
Tencent opened higher but sold down; I still think best in class and well positioned to cope with the new regulatory environment.
Luxury names hit as President Xi seeks ‘common prosperity’ investors expect a clamp down on the wealthy. I doubt it will be so radical there are over 600 billionares in China and more than 5m millionaires.
Sportwear +VE with Anta +2%
EARNINGS HK due Friday includes: Antengene (6996) Aoyuan (3883) CR Gas (1193) CR Power (836) Hongqiao (1378) CMOC (3993) Fu Shou Yuan (1448) Goldwind (2208) HK China Gas (3) Huabao (336) Meilan (357)
Ocumension (1477) NH Health (6606) OOIL (316) PICC Group (1339) PICC (2328) Tongdao (6100) Sinopharm (1099) TCM (570) SEG (2386)
Lens Tech (300433) Inspur (977) SF Holding (2352)
HONG KONG DATA
HK reported 5 new covid cases; all imported.
SHORT SELLING Thursday 15.3% vs 15.9% Wednesday
Top shorts Country Garden (2007) 51%, Bud Apac (1876) 42%, Ali Health (241) 42%, Hengan (1044) 39% (reported yesterday), Bank of China (3988) 38%, CK Asset (1113) 38%, Wharf REIC (1997) 38%, AIA (1299) 35%, CCB (939) 34%, Shenzhou Int (2313) 33%, Xiaomi (1810) 31%, CLP (2) 31%, Mengniu Dairy (2319) 30%, Geely (175) 29%, Sinopec (386) 29%, Sunny Optical (2382) 28%, Hang Lung Ppty (101) 26%, HKEX (388) 25%.
AFTER MARKET NEWS
STELLA HOLDINGS (01836.HK) Short selling $92.75K; Ratio 9.671% announced interim result ended June 2021. The loss swung into profit of US$31.132 million. EPS was HK30.47 cents. An interim dividend of HK21 cents was declared, against no dividend in the year-ago period.
SINO-OCEAN GP(03377.HK) Short selling $360.03K; Ratio 4.193% announced interim result ended June 2021. The revenue rose 5.9% year on year to RMB20.513 billion. The net profit amounted to RMB1.01 billion, down 17.4% year on year. EPS was RMB0.133. An interim dividend of RMB4.6 cents was declared against a dividend of RMB5.6 cents in the corresponding period of the previous year.
STARLIGHT CUL (01159.HK) is expected to record a loss of approximately HK$41.1 million for the six months period ended 30 June 2021, compared to net profit of approximately HK$12.1 million for the same period in 2020.
BILIBILI-SW (09626.HK) Short selling $107.24M; Ratio 29.713% announced the interim results for the six months ended 30 June 2021. Revenue for the period soared 70.2% YoY to RMB8.396 billion. The interim loss deepened to RMB2.024 billion, compared to a loss of RMB1.102 billion for the corresponding period of previous year. LPS was RMB5.47.
BOC AVIATION(02588.HK) Short selling $1.25M; Ratio 4.252% announced interim result ended June 2021. The revenue rose 7% year on year to US$1.107 billion. The net profit amounted to US$254 million, down 21.5% year on year. EPS was US$0.37. An interim dividend of US$0.1098 was declared against a dividend of US$0.1398 in the corresponding period of the previous year.
NEW WORLD DEV (00017.HK) Short selling $23.25M; Ratio 22.673% announced that it has repurchased 734,000 shares on the Stock Exchange today (19th), involving over $27.146 million.
TIANYUN INT'L (06836.HK) issued a positive profit alert. It is expected that the revenue for the six months ended 30 June 2021 would increase by approximately 50% yearly. The net profit would increase by approximately 80%.
CNOOC (00883.HK) Short selling $26.46M; Ratio 3.472% released the Announcement of 2021 Interim Results (Unaudited). The revenue added 47.8% yearly to RMB110.233 billion. The net profit leaped 221% yearly to RMB33.329 billion. EPS was RMB0.75. An interim dividend of HK30 cents was declared, versus HK20 cents a year ago. In the first half of the year, Company’s net oil and gas production reached a record high of over 278 million barrels of oil equivalent (BOE), representing a year-on-year increase of 7.9%.
CHINA UNICOM (00762.HK) Short selling $21.14M; Ratio 6.853% announced the interim results for the six months ended 30 June 2021. Net profit was RMB9.167 billion, up 21.1% year-on-year; EPS was RMB0.3. The Board resolved to distribute an inaugural interim dividend (RMB0.12 per share) in 2021 and planned to raise 2021 full year dividend payout ratio, with the magnitude to be decided in the first half of 2022 considering such factors as the Company’s profitability, cash flow, future capital requirements and dividend payout in the industry, etc. It announced that the Company is considering the proposed spin-off and separate listing of China Unicom Smart Connection Technology Limited (SMART Connection Technology) on a stock exchange within Mainland of the PRC (Proposed Spin-off). SMART Connection Technology, incorporated in the PRC, is a non-wholly owned subsidiary of the Company. Its businesses focus on the field of Internet of Vehicles, including Smart Connection, Smart Operation and Smart Application.
BABA-SW (09988.HK) Short selling $1.29B; Ratio 17.341% established Hangzhou Alibaba Chuangmo Information Technology Co., Ltd. at a registered capital of RMB5 million, Chinese media citing the Qichacha app. The new entity is engaged in IT consulting service, convention and expo service, translation service, computer software and hardware, as well as auxiliary equipment retailing.
Market opened at the day lows; 7,429 with miners BHP, Rio Tinto, Fortescue, and Mineral Resources under pressure along with Energy names as iron ore and oil fell. It then slowly worked better to lunch and then traded sideways 7,460/480. Earnings the main focus but covid also an overhang. Employment data was much better than expected, at a 13 year low helping but its historic and the recent lockdowns will have an impact. Market closed -38% (-0.5%) @ 7,465
Employment Change Jul +2.2K vs 29.1k Jun (F/cast was -50k)
Full Time Employment Change Jul -4.2K vs 51.6k Jun (F/cast was -34k)
Part Time Employment Change Jul 6.4K vs -22.6k Jun revised (F/cast was -16k)
Unemployment Rate Jul 4.6% vs 4.9% Jun (F/cast was 5%)
Participate Rate Jul 66% vs 66.2% Jun (F/cast was 66%)
Nikkei opened lower but worked higher for the first two hours but with resistance at 27,500 but sold down into lunch. PM opened lower and trading sideways around the 27,400 level but sold down in the last 20 mins on a report that Toyota -4.4% (Supply chain also sold down) would produce less vehicles due to a chip shortage. Closed -305pts (-1.1%) @ 27,281
Topix traded in a similar pattern, resistance at 1,915, PM trading around 1,910 level until the sell off to close -27pts (-1.4%) @ 1,897
Concerns about the impact of tapering. Commodities weak which hurt Trading Companies. Also weakness in Shippers, Transport & Energy.
Leaders Pharma, Food, Services. Yen back to 110 level.
Tankan Index Aug 33 vs 25 Jul (F/cast was 26)
Stock Investment ¥661.8B vs ¥-1103.6B prior
Bond Investment ¥198.8B vs ¥105B ® prior revised
Tomorrow pre market inflation data
KDCA reported 2,152 new covid cases (+347 DoD)
Kospi opened lower 3,140 but tested yesterday’s close in the first hour but without success and then trended lower for the rest of the day to close -61pts (-1.9%) @ 3,098
Kosdaq similar pattern to close -30pts (-2.9%) @ 991
Domestic Institutions selling across the board. Foreigners continue to sell Tech. Pharma +VE on covid resurgence, Financials mixed Kakao Bank +8.9% along with Games sector (rotation out of Chinese names? Krafton +5%, NC Soft +8.3%).
PPI data due pre market Friday
Taiex opened slightly lower and trended lower through the sesson with support at 16,400 but dipped to close -451pts (-2.7%) @ 16,375
Cabinet approved bill to extend day trading tax cut
T/O was US$15.43bn vs US$14.99bn Wednesday
CECC reported 6 new covid cases (5 imported)
Northbound RMB 58,965m Sell 32,479m vs 26,486m Buy
Southbound HK$ 24,686m Sell 14,505m vs 10,181m Buy
Northbound RMB 72,706m Sell 38,748m vs 33,958m Buy
Southbound HK$ 19,192m Sell 9,401m vs 9,792m Buy
MEITUAN (03690.HK) Short selling $428.06M; Ratio 12.037% closed at $202.6, down 7.1%
PING AN (02318.HK) Short selling $310.14M; Ratio 26.360% closed at $65.25, down 5.8%
BABA (09988.HK) Short selling $686.43M; Ratio 19.931% closed at $162.1, down 5.5%
TENCENT (00700.HK) Short selling $257.13M; Ratio 2.535% closed at $421.2, down 3.4%
HKEX (00388.HK) Short selling $218.93M; Ratio 23.316% closed at $472.6, down 2%
CCB (00939.HK) Short selling $197.47M; Ratio 34.356% closed at $5.67, down 0.5%
AIA (01299.HK) Short selling $275.21M; Ratio 32.261% closed at $97.65, up 0.2%
HSI & HSCEI Constituents on Move:
EVERG SERVICES (06666.HK) Short selling $5.55M; Ratio 5.124% closed at $6.01, down 7.4%
KUAISHOU-W (01024.HK) Short selling $55.46M; Ratio 13.296% closed at $65.75, down 7.1%
SHIMAO GROUP (00813.HK) Short selling $28.60M; Ratio 22.509% closed at $15.5, down 7%
WH GROUP (00288.HK) Short selling $14.88M; Ratio 7.022% closed at $5.57, down 6.4%
SUNAC (01918.HK) Short selling $28.38M; Ratio 16.241% closed at $19.38, down 5.7%
HENGAN INT'L (01044.HK) Short selling $68.46M; Ratio 38.382% closed at $41, down 5.6%
PETROCHINA (00857.HK) Short selling $28.35M; Ratio 7.053% closed at $3.07, down 5.2%
HANG LUNG PPT (00101.HK) Short selling $11.13M; Ratio 37.514% closed at $20.45, down 4.9%
COUNTRY GARDEN (02007.HK) Short selling $25.44M; Ratio 55.737% closed at $8.2, down 4.9%
EVERGRANDE (03333.HK) Short selling $23.62M; Ratio 13.501% closed at $5, down 4.8%
BUD APAC (01876.HK) Short selling $27.73M; Ratio 43.088% closed at $20.1, down 4.3%
CONCH CEMENT (00914.HK) Short selling $34.14M; Ratio 22.454% closed at $42.4, down 3.5%
CG SERVICES (06098.HK) Short selling $22.15M; Ratio 8.796% closed at $56.4, down 3.5%
CPIC (02601.HK) Short selling $12.21M; Ratio 9.140% closed at $22.6, down 3.4%
LONGFOR (00960.HK) Short selling $12.23M; Ratio 12.200% closed at $36.4, down 3.2%
CHINA RES LAND (01109.HK) Short selling $14.72M; Ratio 10.480% closed at $27.9, down 3.1%
SINOPEC CORP (00386.HK) Short selling $35.44M; Ratio 19.808% closed at $3.53, down 3%
HSMI & HSSI Constituents on Move:
NH HEALTH (06606.HK) Short selling $18.93M; Ratio 13.258% closed at $41.55, down 16.6%
C TRANSMISSION (00658.HK) Short selling $564.35K; Ratio 1.903% closed at $5.68, up 15%
CARDIOFLOW (02160.HK) Short selling $10.97M; Ratio 19.404% closed at $7.28, down 13.2%
MMG (01208.HK) Short selling $12.72M; Ratio 10.912% closed at $3.03, down 11.7%
SAMSONITE (01910.HK) Short selling $15.15M; Ratio 7.979% closed at $16.44, up 11.1%
HARMONY AUTO (03836.HK) Short selling $296.96K; Ratio 1.135% closed at $4.38, up 3.1%, hitting new high
CHINA WATER (00855.HK) Short selling $594.08K; Ratio 12.265% closed at $6.84, up 0.4%, hitting new high
RESULTS at lunchtime
BANK OF E ASIA (00023.HK) Short selling $7.24M; Ratio 36.276% announced the interim results for the six months ended 30th June, 2021. Net profit reached HK$2.671 billion, representing an increase of 74.3% year-on-year. EPS equaled HK$0.78. An interim dividend of HK$0.35 per share was declared.
1H21 NIM narrowed down YoY. Co-Chief Executive Adrian David Li Man-kiu yet said at the teleconference that the 1H21 NIM was relatively stable compared to that in 2H20, of which Hong Kong even reported wider figure. Li said the bank will pursue loan growth so as to raise NII.
COFCO PACKAGING (00906.HK) Short selling $60.28K; Ratio 4.344% announced interim result for the six months ended 30 June 2021. The net profit amounted to RMB249 million, up 36.5% yearly. EPS was RMB0.224. An interim DPS of HK13.5 cents was declared, against interim DPS of HK9.1 cents and special DPS of HK5.3 cents in the corresponding period of the previous year.
KERRY PPT(00683.HK) Short selling $585.40K; Ratio 7.074% announced interim result ended June 2021. The revenue rose 62.7% year on year to HK$6.374 billion. The net profit amounted to HK$3.773 billion, up 251.3% year on year. EPS was HK$2.59. A interim dividend of HK$0.4 was declared, staying flattish year on year. Underlying profit was HK$2.36 billion excluding fair value change of investment properties, up 113% year on year.
MARKET HOURS NEWS
Rumor has it that PRU (02378.HK) abruptly sacked 200 employees today (19 August), reported Ming Pao. However, another source said the layoff would affect fewer than 200. PRU replied that some Hong Kong staff members have recently been told to resign following regular evaluation. The insurer is in close contact with the affected staff and will offer them support during the transition period.
China and the U.S. are still having normal communication on the economic and trade fronts, said China's Ministry of Commerce (MOC) Spokesman Gao Feng. On another note, Gao mentioned China's foreign capital in actual use of RMB672.19 billion from January to July 2021, rising 25.5% yearly.
HENDERSON LAND (00012.HK) Short selling $4.44M; Ratio 31.117% 's residential project "The Henley III" located in Kai Tak has obtained the pre-sale consent, expressed Thomas Lam, general manager of sales department of the company. Lam suggested that the company may upload the sales brochure for the project and unveil the model flats next week. The project supplies 404 units in total, with salable area ranging between approximately 229-778 square feet, Lam added.
BABA-SW (09988.HK) Short selling $686.43M; Ratio 19.931% 's Cainiao recently launched express logistics service in Southeast Asia, accelerating the delivery speed by nearly 50%. The newly introduced service basically guarantees delivery arrivals within 72 hours across multiple countries in Southeast Asia, injecting a strong boost to the certainty and safety of cross-border e-commerce logistics.
Information from the Macau's Statistics and Census Service (DSEC) indicated that visitor arrivals totalled 789,400 in July 2021, an uplift of 49.4% month-on-month and a boost of 9.7x year-on-year. Numbers of overnight visitors (412,700) and same-day visitors (376,700) bounced back by 16.3x and 6.5x year-on-year respectively.
The Insurance Association of China (IAC) reported the proposed setup of a national endowment insurance company with a registered capital of RMB11.15 billion, pending the approval by China Banking and Insurance Regulatory Commission. There are 17 sponsors of the new entity, including the wealth management arms of six major state-owned banks and four joint-stock lenders, according to IAC's website.National Health Commission of Shaanxi Province joined hand with TENCENT (00700.HK) Short selling $257.13M; Ratio 2.535% to launch the new function of electronic health code, Chinese media reported. By accessing the "Health Accounts of Residents in Shaanxi Province" through "Health Shaanxi Public Service" account, parents can apply for electronic health codes for their kids and complete Covid vaccination registration online in advance, saving time to queue offline.
XIAOMI-W (01810.HK) Short selling $270.48M; Ratio 26.699% announced that the "Xiaomi 816 Thanksgiving Season" held from 1-18 August has recorded a total payment amount of over RMB9.83 billion, selling over 3.2 million units of smart household products, with a participant number reaching 275 million.
SHK PPT (00016.HK)'s Wetland Seasons Bay Phase 1 will roll out 350 units in the first log this Saturday (21 August), 48 of which will be sold by tender. More than 8,000 subscription registrations were received for the project as of yesterday (18 August), representing a 25.5 times oversubscription of the 302 units to be launched for sale on Saturday.
CIRC (01763.HK) announced that the Company proposes the application of the Offering and Listing of A Shares on the Science and Technology Innovation Board of the Shanghai Stock Exchange (SSE STAR Mkt). The number of shares initially to be issued by the Company will account for no more than 13% of the Company’s total share capital after the Offering, being the number under the Offering not exceeding 47.7974 million shares. The above proposal was considered and approved by the Board on 18 August 2021, and will be proposed at the EGM, the Domestic Shareholders’ Class Meeting and the H Shareholders’ Class Meeting for Shareholders’ consideration and approval.
JD HEALTH (06618.HK) Short selling $52.94M; Ratio 28.954% clinched a long-term strategic cooperation agreement with Hellobay Reproduction in the field of assisted reproductive medical services. Such collaboration is based on the professional advantages of Hellobay Reproduction in the field of IVF pregnancy preparation and conditioning and the flow advantages of JD HEALTH. Both sides will deeply scout a new flow transformation path of "professional medical services + head flow". Hellobay Reproduction's founder Zhang Tonghua said the cooperation mode will be replicated to PA GOODDOCTOR (01833.HK), ALI HEALTH (00241.HK), Tencent Health, and other healthcare behemoths.
HSBC HOLDINGS (00005.HK) Short selling $90.02M; Ratio 28.040% Chairman Mark Tucker spoke at a Hong Kong Academy of Finance event that opportunities in China are "too big to ignore" despite escalating geopolitical tensions, Bloomberg reported. Tucker suggested the China-US relation is moving to a new status quo with powerful interconnectivity, adding there is no need to choose sides between the two.
PRE MARKET NEWS
CKH HOLDINGS (00001.HK) Short selling $17.88M; Ratio 20.317% announced that it repurchased 145,000 shares through the Stock Exchange on August 18, with a price of $58.2-58.35 per share, involving $8.4503 million. Year to date, the company has repurchased a total of 12.0775 million shares, accounting for approximately 0.3132% of the issued share capital.
GENSCRIPT BIO (01548.HK) announced that Probio Cayman, an indirectly wholly-owned subsidiary of the Company, entered into the Purchase Agreement with Hillhouse Investment. Under which, Hillhouse proposed to buy 300 million Series A Preferred Shares from Probio at an aggregate consideration of approximately US$150 million (equivalent to approximately HK$1.168 billion).
CHINA HUARONG (02799.HK) announced that the Company signed investment framework agreements with CITIC Group, China Insurance Investment, China Life Asset Management and China Cinda and Sino-Ocean Capital respectively. The above parties intend to make strategic investments in the Company by subscribing the newly issued shares of the Company. Trading in the shares of the Company will remain suspended.
CITIC (00267.HK) Short selling $8.14M; Ratio 14.841% announced that as informed by CITIC Group, the controlling shareholder of the Company, CITIC Group proposed to make strategic investment in CHINA HUARONG (02799.HK) by subscribing for newly-issued shares.
If the Potential Strategic Investment materializes, CITIC Group will become a substantial shareholder of CHINA HUARONG.CHINA CINDA (01359.HK) Short selling $754.58K; Ratio 2.510% announced that it entered into a non-legally binding framework agreement with CHINA HUARONG (02799.HK) on August 18, 2021, pursuant to which, the Company would subscribe for the new shares of China Huarong as one of the investors.
ZTO EXPRESS-SW (02057.HK) announced interim result ended June 30, 2021. The net profit amounted to RMB1.826 billion, up 0.2% yearly.
EPS was RMB2.21.KOOLEARN (01797.HK) Short selling $657.99K; Ratio 2.244% announced that the full text of “Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing” (Beijing Measures) was published on August 18, 2021. Certain other provinces and municipalities in China have reportedly adopted similar measures and the Company expects that additional provinces and municipalities may follow similar approaches. The Company expects that its compliance with these measures would have a material impact on its existing Academic AST business but will not have a material impact on its other businesses, including college education and overseas test preparation services. The Company will continue to proactively seek guidance from and cooperate with government authorities in Beijing and other provinces and municipalities in connection with its efforts to comply with the policy directives of the PRC central government and any related implementation rules, regulations and measures. The Company is considering appropriate compliance measures to be taken, and expects such measures to have an impact on its Academic AST services related to academic subjects in China’s compulsory education services.
NEW ORIENTAL-S (09901.HK) Short selling $2.00M; Ratio 8.110% announced that the full text of the “Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing” was published on August 18. Certain other provinces and municipalities in China have reportedly adopted similar measures and the Company expects that additional provinces and municipalities may follow similar approaches.
Specifically, in compliance with the Beijing Measures, the Company has stopped offering Academic AST classes over weekends, national holidays and the current school break period in Beijing.
TENCENT (00700.HK) Short selling $257.13M; Ratio 2.535% announced, after its previous injection of RMB50 billion to foster "sustainable innovation of social values", to further invest another RMB50 billion to initiate the "common prosperity special project".
Utilizing its digital and technological capabilities, TENCENT's newly proposed project aspires to provide sustainable assistance in various livelihood aspects, including revitalization of rural areas, income increase for low-income groups of people, improvement of medical system and balanced development of education, etc.
Management, illustrating its results at a conference, said the company has formulated related framework for potential regulation in China, since different regulatory bodies have different requirements on all sorts of businesses and segments. On this, the company said it needs to carry out more analysis. Adhering to full compliance of its businesses, the company envisioned China's scrutiny not to deter its long-term build-out. It will continue to thrive in SAAS, game and short video fields.
President Lau Chi Ping Martin, mentioned about the mutual access. He said the ecological environment of the company is basically open to everybody, with a target to allow SMEs to integrate into the system, so that everyone, each SME and merchant could connect with users fairly and directly to increase efficiency. He said that it will use "Honor of Kings" and "Game for Peace" as testing grounds to limit minors' gaming time and to prohibit spending within the games from users aged 12 or below, reported different media. The tech giant is confident that relevant efforts would be able to alleviate the concerns over regulatory risks as the company's president Martin Lau revealed that further regulatory measures from the Chinese government are expected to be imposed and the impact on the company has not yet fully materialized.
POWERLONG (01238.HK) Short selling $2.90M; Ratio 7.211% announced interim result for the six months ended 30 June 2021. The net profit amounted to RMB3.908 billion, up 76.1% yearly. EPS was 94.3 fen. Interim DPS was HK18 cents, against HK12 cents in the corresponding period of the previous year.
CENTRAL CHINA (00832.HK) Short selling $1.90M; Ratio 16.034% announced interim result for the six months ended 30 June 2021. The net profit amounted to RMB729 million, up 0.3% yearly. EPS was 25.63 fen. Interim DPS was HK14.75 cents, against HK11 cents in the corresponding period of the previous year.
HK FERRY (HOLD) (00050.HK) announced the interim results for the six months ended 30 June 2021. Revenue for the period amounted to HK$114 million, up 8.6% YoY. Net profit rocketed 275% to HK$68.04 million. EPS was HK19 cents. An interim dividend of HK10 cents was declared.
CHINA HUARONG (02799.HK) issued a profit warning. The Group is expected to incur loss in the 2020 operating results, and the net loss attributable to the shareholders of the Company is expected to be RMB102.903 billion, versus 2019 net profit of RMB1.424 billion.
In response, the Group conducted the comprehensive review, assessment and impairment test to risk assets, recognized credit impairment loss and loss from fair value changes in the current period, which had significant impacts to the operating results.
In response to recent media concerns, a spokesperson said the company is taking the lead to introduce strategic investment, intending to lure multiple investors for capital increase by way of new share issue. However, this will only involve capital reorganization as the firm has no debt restructuring plan, the person added. In response to recent media report, its spokesman said the company is now in normal operation with all businesses running steadily. Meanwhile, the company implemented capital replenishment plan, and issued announcement on potential strategic investment.
BAIYUNSHAN PH (00874.HK) Short selling $3.30M; Ratio 9.389% announced the interim results for the six months ended 30 June 2021. In accordance with the China Accounting Standards, the revenue for the period amounted to RMB36.129 billion, up 18.6% YoY. Net profit jumped 41.8% to RMB2.502 billion. EPS was RMB1.539. No interim dividend was declared.
CRYSTAL INTL (02232.HK) Short selling $21.43K; Ratio 5.599% announced the interim result for the six months ended 30 June 2021. Net profit amounted to US$63.63 million, up 131% yearly. EPS was US2.23 cents. Interim DPS was HK4 cents, against HK3 cents in the same period a year ago.
CHINA FEIHE (06186.HK) Short selling $145.02M; Ratio 20.315% announced interim result for the six months ended 30 June 2021. The net profit amounted to RMB3.74 billion, up 35.8% yearly. EPS was 42 fen. Interim DPS was HK29.73 cents, against HK13.75 cents in the corresponding period of the previous year.
SAMSONITE (01910.HK) Short selling $15.15M; Ratio 7.979% announced the interim results for the six months ended 30 June 2021. The net sales for the period amounted to USD800 million, staying flattish YoY. Loss narrowed to USD143 million from the loss of USD974 million for corresponding period of previous year. LPS was US9.9 cents. No interim dividend was declared.
LIPPO (00226.HK) issued a positive profit alert, announcing that it is anticipated that the group is likely to record a consolidated profit of not less than HK$200 million for the six months ended 30 June 2021, as compared to a loss of HK$509 million for the six months ended 30 September 2020.LIPPO CHINA RES (00156.HK) issued a positive profit alert, announcing that it is anticipated that the group is likely to record a consolidated profit of not less than HK$150 million for the six months ended 30 June 2021, as compared to a loss of HK$38 million for the six months ended 30 September 2020.KOWLOON DEV (00034.HK) Short selling $18.36K; Ratio 0.715% announced the interim results for the six months ended 30 June 2021. Revenue for the period slumped 71% YoY to HK$996 million. Net profit amounted to HK$619 million, up 7.6%. EPS was HK53 cents. An interim dividend of HK25 cents was declared, against a dividend of HK24 cents for the corresponding period of previous year.KINGDEE INT'L (00268.HK) Short selling $38.11M; Ratio 8.156% announced the interim results for the six months ended 30 June 2021. The revenue for the period stretched 35% YoY to RMB1.872 billion. Loss widened to RMB248 million from the loss of RMB224 million for the corresponding period of previous year. LPS was RMB7.25 cents. No interim dividend was declared.