HSI +404pts (+1.4%) 28,901 HSCEI +149pts (+1.4%) 10,999 T/O HK$138.1bn (-3.3% DoD)
FTSE and DAX opened around flat but the CAC opened higher. FTSE trended slightly higher but the DAX and CAC traded sideways. Eurozone Industrial Production -VE but slightly better than expected along with UK Labour Productivity. Resources and Tech +1% with Utilities weak
LVMH strong on good Chinese and US sales.
SAP and Covestro +VE raising their 2021 guidanceTesco weak after earnings -14.7% YoY
EasyJet +VE said it expects a fiscal first-half headline loss before tax of between £690 million ($950.6 million) and £730 million, but projected an uptick in flights from late May.
Credit Suisse weak; told investors on Tuesday that $2.3 billion worth of its loans is exposed to ongoing uncertainties surrounding supply chain finance firm Greensill Capital.
Industrial Production Feb -1.6% YoY vs +0.1% Jan (F/cast was -2%)
Industrial Production Feb -1% MoM vs +0.8% Jan (F/cast was -3.2%)
Labour Productivity Q4 Final -4.3% QoQ vs +6.5% Q3 revised (F/cast was -4.5%)
Opened in Asian time Dow +10pts, S&P +0.03% and NDX +0.02% but trending higher on strong earnings from Goldman’s and JPM; currently Dow +25pts S&P +0.1%, NDX +0.3%
Pre Market Goldmans +VE as Q1 earnings beat significantly, JP Morgan also beat.
Bed and Bath weak as Q4 earnings missed
Discovery weak on news that Credit Suisse is still unloading its position in the wake of Archegos Capital Management’s blowup.
MBA Mortgage Applications and 30 yr Mortgage Rate, Import & Export Prices, EIA Oil report, Beige Book.Earnings still to come Wells Fargo, Infosys, First Republic Bank
IMF downgrades growth forecasts for Indonesia, Malaysia, the Philippines, Thailand and Vietnam to 4.9% in 2021, down from its previous projection of 5.2%.
Cambodia Moha Songkran 2564! (It’s Khmer New Year)
CSI 300 closed +41pts (+0.8%) @ 4,981CSI 300 opened higher and rallied to test 4,980 which is did a couple of times in the first hour but unable to break higher it sold down to 4,947 and then ticked up into lunch. PM the market worked higher but hit resistance around the morning level at 2pm and eased back to 4,970 before rallying into the close. Having trended lower so far this week looks like Team China active ahead of key data on Friday.
Shanghai Comp +20pts (+0.6%) @ 3,417
Shenzhen Comp +210pts (+1.6%) @ 13,738
ChiNext Comp +52pts (+1.9%) @ 2,884
CHINA DATA No data
Pre market opened @ 28,797 +299pts vs +79pts ADR’s.
Meituan rallied on denying share placement rumour and the Ecommerce names on an agreement with the regulator, Meitu +VE on Bitcoin’s rally and Geely on raising money to promote Lotus in China
Shorts squeezed but still some initial margin call selling then tested higher to 28,950 level where it met resistance eased back and traded sideways in a tight range. Rallied 45pts in the closing auction.
HONG KONG DATA
The Centre for Health Protection reported 5 new covid cases (vs 13 cases Tuesday) so no conference today. None from unknown sources
Short Selling Wednesday 15% vs 14.6% Tuesday
Top Shorts Bud Apac (1876) 51%, Ping An (2318) 45%, Country Garden (2007) 39%, Sands China (1928) 38%, Bank Of China (3988) 34%, Mengniu Dairy (2319) 33%, BankComm (3328) 33%, Wuxi Bio (2269) 33%, Ali Health (241) 31%, Sino BioPharm (1177) 26%, SHKP (16) 25%.
AFTER MARKET NEWS
RAZER (01337.HK) announced that it repurchased 4.3 million shares through the Stock Exchange today (14 April), involving approximately $12.006 million.
HANS ENERGY (00554.HK) announced today the grant of share options carrying the rights to subscribe for a total of 396 million ordinary shares of the Company to David An, the chairman of the Board, an executive Director and a substantial shareholder of the Company, and Woo King Hang, an independent non-executive Director.
GANFENGLITHIUM (01772.HK) (002460.SZ) Positive Profit Alert announced preliminary results for the first quarter ended March 2021 that profit may reach RMB450-510 million, up 57.09-64.84 times yearly. Expected basic. EPS. is RMB1.36-1.54.
The Commerce and Economic Development Bureau has been discussing with Singapore the necessary conditions for reviving a "travel bubble" between the cities for almost everyday, said Edward Yau, Secretary for Commerce and Economic Development. However, Yau hoped not to see travel disruptions from time to time after rebooting the "travel bubble".
MTR CORPORATION (00066.HK) announced that, in order to facilitate final trial operations of the full Tuen Ma Line (TML) commissioning, trains will run from Wu Kai Sha Station to Tuen Mun Station under a normal operating schedule during non-traffic hours of six to eight nights between April and June. The first trains of West Rail Line and TML Phase 1 on 2 May will be deferred by two hours to around 7:30am.
CHINA RES LAND (01109.HK) announced that for the month ended 31 March 2021, the Group achieved gross contracted sales of approximately RMB26.05 billion with contracted GFA of approximately 1.448 million square meters, up by 16.2% and 10.3% YoY respectively.It also announced that it had in March 2021 acquired four land parcels in Chengdu, Wuxi, Huai’an and Wenzhou with total gross floor area of approximately 849,800 square meters. The attributable land premium payable amounted to approximately RMB6.71 billion.
The Hong Kong Monetary Authority (HKMA) today (April 14) announced that the external assets of the Exchange Fund decreased in March 2021 by HK$26.9 billion to HK$4,016.5 billion. The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$2,107.9 billion.
XIAOMI-W (01810.HK) Non-Executive Director Liu Qin disposed on-market of 32.9648 million shares in total, involving over $866 million, according to shareholding disclosures at the Stock Exchange.
ECI TECH (08013.HK) announced that the Group has been awarded contracts from public sector. These projects include supply and installation of low system based on LoRA standard at various locations for the Government of Hong Kong. The aggregate amount of contract sum awarded was approximately HK$6 million.
Watsons Hong Kong reported strong online sales growth amid the pandemic, having taken the lead in online sales expansion including user experience enhancement, said Managing Director Samuel Lee at a press conference. While store sales dwindled in tourist districts, Lee still saw opportunities for local residential neighborhoods.
Daily Journal Corporation, chaired by Warren Buffett's closest partner Charlie Munger, acquired a position in BABA-SW (09988.HK) (BABA.US) in the first quarter. The e-commence and software firm held over 165,300 Alibaba shares, representing a 19% portfolio weight as of late March, according to previous filings. Daily Journal owns and needs stocks "held as cash equivalents", as Barron's cited the company's statement.
ANTA SPORTS (02020.HK) announced that retail sales of ANTA branded products for the first quarter of 2021 recorded 40-45% positive growth compared to the same period of 2020, while retail sales of FILA branded products recorded 75-80% positive growth.
XINYI GLASS (00868.HK) announced that Chairman Lee Yin Yee and CEO Tung Ching Sai had on 12 April purchased a total of 956,000 shares, involving $23.8825 million in total.
SANDS CHINA LTD (01928.HK)'s Sands Macao Hotel in the Macao peninsula has no connection with "Sands Macao" as mentioned by Mainland reports, Macao Daily citing the former's clarification. "Sands Macao", a cross-border online gambling chain, had illegally exploited SANDS CHINA LTD's name and trademark without permission. SANDS CHINA LTD stressed it has never participated in any form of online gambling activities, and will follow up all reports tied to trademark infringement.
Centa-Salesman Index (CSI) last reported at 70.89, down 1.73 pts from 72.62 in the previous week. The research department of Centaline Property, pointed out that the index has been zigzagging within narrow range around 70 for five weeks, showing that it has not turned south with steadiness. The index also indicated the front-line agent sentiment remained optimistic, hinting the housing price will continue to climb up.
*PETROCHEMS STRONG after Oil climbed on a significant fall is US crude stocks and OPEC's increased optimism about recovering demand, boosting its 2021 oil-demand growth forecast to 96.5m barrels a day, as consumption is rising along with vaccination in some places. CNOOC (883 HK +1.8%) SINOPEC (386 HK +2.1%) CH OILFIELD (2883 HK +1.3%) PETROCHINA (857 HK +1.5%).
*TECH & COMPONENTS STRONG on the news that APPLE to hold first product unveiling of this year on April 20, preparing to show new products including upgraded iPad Pro with new screen, an accessory dubbed AirTags for tracking physical devices and new iMac desktops.
AAC TECH (2018 HK +5.5%) SUNNY (2382 HK +3%) TRULY (732 HK +3.3%) SMIC (981 HK +2.4%).XIAOMI (1810 HK +2%) bought back 16m shares for HK$398m on April 13; it has repurchased 120.3m shares since March 31. It announced that its Redmi brand has completed the entry-to-flagship product deployment, and the first Redmi game phone will be unveiled end-April.
*E-COMMERCE STRONG rebounding from yesterdays weakness on regulatory concerns, after 34 Internet/E-commerce companies were reportedly called into a meeting by anti trust regulators and have been asked to to conduct self checks within one month and rectify accordingly a number of the letters are reported in notes below. MEITUAN (3690 HK +3.6%) TENCENT(700 HK +2.5%) JD (9618 HK +2.5%) BIDU-SW (9888 HK +3.2%). ALIBABA's (9988 HK +2%) Tmall announced to lower the threshold for new shop opening from next Monday April 19.
*PHARM FIRM mostly traded higher except CANSIO BIO (6185 HK -7.7%), was -18% intraday, despite it saying that no serious blood clot cases had been reported so far in people using its Covid-19 vaccine Ad5-nCoV. It uses similar technology as Johnson & Johnson Covid vaccine, use of which has been paused in the US for at least a few days. FOSUN (2196 HK +1.3%) SINO BIOPHARM (1177 HK +1.2%) WUXI BIO (2269 HK +4.8%) CSPC PHARM (1093 HK +4.7%).
*HK PROPERTY FIRM as the virus spread is under control, social distancing rules may be eased as more HK residents get vaccinated. BUT Govt announced that the Property Vacancy Tax put off last October could be reviewed as the Govt remains concerned about the housing situation. HENDERSON LAND (12 HK +0.7%) is launching 19 units at Arbour in Tsim Sha Tsui on Saturday at discounted psf prices ranging from HK$24,653 to HK$30,836. SHKP (16 HK +2.6%) will release the first price list of Regency Bay phase two this week. The project offers 406 units.
*AUTO FIRM led higher by GEELY (175 HK +5%) reportedly considering raising $1billion to help expand its Lotus Cars into the electric vehicles market in China. Geely also said to plan Lotus IPO as soon as 2022. GREAT WALL (2333 HK +4.2%) BYD (1211 HK +5.9%) GAC (2238 HK +3.5%).
*SHIPPING MIXED. PACIFIC BASIN (2343 HK +1.4%) announced its strongest quarterly time-charter equivalent performance in almost 10 years. OOIL (316 HK -14%) after a unit of CK HUTCH (1 HK +1%) Block sold OOIL shares with a 12% discount.
Opened higher and worked to 7,025 by midday helped by good consumer confidence data but then eased back below 7,000 before working higher again to close +46pts (+0.7%)@ 7,023
Consumer Confidence Apr 118.8 vs 111.8 Mar (F/cast was 113)
Consumer Confidence Change Apr +6.2% vs +2.6% Mar (F/cast was +1%)
New Home Sales was due Mar (Feb was +22.9% (F/cast was +20%))
Nikkei opened lower as Machinery orders fell rather than grew. The index found support around the 29,600 level bounced and has since traded sideways in a tight range 29,600/690 to closed -131pts (-0.4%) @ 29,621. Not helped by a surge in covid cases.
Topix traded in a similar fashion and closed -6pts (-0.3%) @ 1,952
Toshiba +5.8% on news the CEO has resigned.
Data pre market
Machinery Orders Feb -8.5% MoM vs -4.5% Jan (F/cast was +2.4%)
Machinery Orders Feb -7.1% YoY vs +1.55 Jan (F/cast was +2.1% YoY)
Pre market data was mixed but high import prices suggests margins could be under pressure. Unemployment falling however was +VE
Kospi opened flat and initially tested 3,183 but reverted and traded around flat until around 1pm when it started to work higher; which continued all afternoon and closed just off the day high at +13pts (+0.4%) @3,182.
Kosdaq opened higher tested to 1,013 initially then pulled back to flat before working higher but saw resistance at 1,016 and eased back into the close; +4pts (+0.4%) @1,014
Data pre market
Export Prices Mar +5.6% YoY vs +0.6% Feb revised from +0.2%
Import Prices Mar +9% YoY vs -0.3% Feb revised from -0.8%
Unemployment Rate Mar +3.9% YoY vs +4% Feb
Opened slightly higher but trended lower to 16,560 late morning but the reversed and worked back to flat and then ticked higher into the close Finished +41pts (+0.2%)@ 16,866
Tension with China running high but good results and increasing international support +VE
Alchip's share price plunged 9.9% today in Taiwan.
Taiwan's Economy Minister Wang Mei-hua said domestic chipmakers will comply with U.S. sanctions on seven Chinese firms and government labs, which had been included in the U.S. DOC's entity list.
Northbound RMB 36,037m Sell 17,248m : 18,789m Buy
Southbound HK$ 12,152m Sell 6,338m : 5,813m Buy
Northbound RMB 43,846m Sell 19,828m : 24,018m Buy
Southbound HK$ 13,518m Sell 5,846m : 7,672m Buy
MEITUAN (03690.HK) +3.6%
TENCENT (00700.HK) +2.5%
BABA (09988.HK) +2%
HKEX (00388.HK) +1.6%
PING AN (02318.HK) +0.8%
AIA (01299.HK) -0.4%
HSI & HSCEI Constituents on Move:
NTES (09999.HK) +5.7%
AAC TECH (02018.HK) +5.5%
GEELY AUTO (00175.HK) +5%
WUXI BIO (02269.HK) +4.8%
CSPC PHARMA (01093.HK) +4.7%
ANTA SPORTS (02020.HK) +3.4%
BIDU-SW (09888.HK) +3.2%
ALI HEALTH (00241.HK) +3.2%
SUNNY OPTICAL (02382.HK) +3.1%
CG SERVICES (06098.HK) +3%
HSMI & HSSI Constituents on Move:
ZAI LAB (09688.HK) +25.3%
MOBVISTA (01860.HK) +19.6%
SIHUAN PHARM (00460.HK) +12.3%
FORTUNE REIT (00778.HK) +5%, hitting new high
CHOW SANG SANG (00116.HK) +4.4%, hitting new high
SUNLIGHT REIT (00435.HK) +3.1%, hitting new high
XTEP INT'L (01368.HK) +1%, hitting new high
SWIRE PACIFIC B (00087.HK) +0.7%, hitting new high
MARKET HOURS NEWS.
Moderna (MRNA.US) said its COVID-19 vaccine had been more than 90% effective against the virus up to six months following the second shot, reported CNBC. The vaccine's protection exceeded 95% against severe diseases.
The Government put off the introduction of first-hand property vacancy tax last October. However, Secretary for Transport and Housing Frank Chan mentioned the Government's deep concern about property vacancy at today's special meeting of LegCo's Finance Committee. With updated data, it will make policy arrangements after keeping abreast of actual situations. Chan did not rule out the possibility of reviving talks on the vacancy tax bill.
ALI HEALTH (00241.HK) and Cainiao announced the launch of global logistics services for drug traceability to trace back China's drug export process to countries and regions worldwide. Thus, both parties aim to achieve the traceability of origins and whereabouts of medicine, while keeping drug temperature under control. They aim to create a global medical "electronic ID card".
The Government will further tighten the flight suspension mechanism. With effect from today, the criteria for invoking Cap. 599H to prohibit landing of passenger flights in Hong Kong will be tightened to: (a) A same passenger flight has 3 or more [current 5 or more] passengers confirmed to have COVID-19 by arrival test; or (b) A passenger flight has 2 or more passengers confirmed to have COVID-19 by arrival test on any two flights from the relevant original port of the same airline within a 7-day period [current 3 or more in two consecutive flights], the passenger flights from the relevant original port of the airline concerned will be prohibited from landing in Hong Kong for 14 days. While the remaining current criteria, i.e. a passenger flight has 1 or more passenger(s) confirmed to have COVID-19 by arrival test and 1 or more non-compliant case(s) - i.e. failed to comply with the requirement(s) specified under Cap.599H, on the same flight, will remain unchanged.
Meanwhile, the Government will impose an additional flight suspension criteria to run in parallel that if a total of 5 or more passengers with N501Y mutant strain are confirmed by arrival tests from any flight(s) originating from a specific country within a 7-day period, all flights from all airlines departing that specific country will be prohibited from landing in Hong Kong for 14 days.
Cathie Wood told CNBC that digital wallets and genomics would be the two biggest disruptive trends following Tesla and electric cars. Wood, dubbed as "stock market goddess", was highly excited about e-wallet buildout, adding it will usurp the role played by lenders today.
Centaline said Sheung Wan offices' current vacancy rate as high as 8-9%, as compared with 1% in the past, may expose the rent level to downside pressures in a short run. In the future, the rents may stay at the current level for a while along with new Grade A office supply in Tsuen Wan and office area available in Lai Chi Kok.
The Government would provide cash allowance on a trial basis to eligible General Applicant (GA) households who are not living in public housing, not receiving the Comprehensive Social Security Assistance and have been waiting for PRH for more than three years, until these households are offered the first PRH allocation. In this connection, the Government will soon launch the three-year Cash Allowance Trial Scheme (the Scheme) to provide relief for grassroots families who have waited for PRH for a prolonged period of time, said Secretary for Transport and Housing Frank Chan. Having secured the support of the Panel on Housing for the proposed Scheme, the Housing Department is now making active preparations with the target of receiving applications in the middle of this year and disbursing cash allowance from July onwards. It is estimated that around 90,000 GA households may be eligible upon the launch of the Scheme.
Apple will likely launch four new iPhones in 2H22, namely the high-end 6.7-inch and 6.1-inch devices, and the lower-end 6.7-inch and 6.1-inch phones, projected renowned Apple analyst Ming-Chi Kuo. The high-end 6.7-inch and 6.1-inch iPhones will be equipped with the upgraded 48MP wide-angle camera, Kuo cited the latest study.
An average of more than 400 new overseas brands settled in BABA-SW (09988.HK)'s Tmall Global per month over the year, Chinese media reported. The number of new brands making inroads into Tmall burgeoned 63% yearly in the first quarter of 2021, with over 600 new overseas brands entering the platform in January.
CANSINOBIO-B (06185.HK) said the vector of the Recombinant Novel Coronavirus Vaccine (Adenovirus Type 5 Vector) (the Ad5-nCoV) is Adenovirus Type 5 Vector, one of the commonly infective human adenovirus types, which is different from ChAdOx1 and Adenovirus Type 26 Vector, the respective vector of AstraZeneca COVID-19 vaccine and Johnson & Johnson COVID-19 vaccine. As at the date of this announcement, no blood clot related serious adverse events have been reported in around one million vaccinations of Ad5-nCoV.
China Finance, the magazine by People's Bank of China's directors, revealed in an article that the central bank plans to unfold stress test on all of the 4,024 banking institutions in 2021.
ByteDance has filed its letter of engagement of underwriters to HKEX (00388.HK) as part of preparation for its planned Hong Kong IPO , China Securities Journal learnt from inside sources.
Worldwide PC shipments whopped 69.9 million units in the first quarter of 2021, up 32% yearly, as revealed by the preliminary results of Gartner. It represented the strongest growth since the record in 2000.
BIDU-SW (09888.HK)'s Apollo has launched the "V Partner" autonomous driving program. The self-driving brand is among the first Chinese fleets to run unmanned tests on highways at night and under special weather conditions. With tests started in Beijing, Apollo will conduct nighttime and special-weather tests at main roads in the city.
TENCENT (00700.HK) postponed the briefing session for the proposed issuance of US dollar bond today (14 April), Bloomberg cited people with the knowledge of the matter. According to previous Bloomberg's report, the tech giant had planned to set price Wednesday for the issuance of the around US$4 billion bond. The spokesman of TENCENT has not yet commented on the report.
Huaian Intermediate people's court has issued a judgement regarding MEITUAN-W (03690.HK)'s unfair competition practice that its Beijing Sankuai Technology shall pay Ele.me's subsidiary RMB352,000 in compensation, Cailian Press reported.
Overnight HIBOR last posted at 0.03714%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 0.10744%, down for 5 days, marking a 1-month low.
ByteDance's gaming unit Nuverse announced acquisition of C4games, as it seeks to solidify its presence in the game segment, cited Reuters. The announcement came after Nuverse had agreed last month to acquire Shanghai-based gaming studio Moonton Technology.
TENCENT (00700.HK) will deepen its strategic partnership with GAC GROUP (02238.HK) (601238.SH), set to sign a contract at the upcoming Auto Shanghai, Cailian Press citing insiders.
BYD COMPANY (01211.HK) clinched a strategic cooperation agreement with Anheuser-Busch Inbev China, whereby the latter will procure the pure electric tractor Q3 from the former and commence operation in numerous areas, such as Foshan, Guangdong; Tangshan, Hebei; and Wuhan, Hubei.
China's State Administration for Market Regulation (SAMR) is set to publish letters of commitment made by 34 internet platform firms relating to the law-abiding and compliant operation in three days starting today.
MEITUAN-W (03690.HK)'s Beijing Sankuai Online Technology made the related commitment, vowing to respect platform operators' right to choose and not to force merchants to "pick one from two" through unjustified restrictions. Beijing Sankuai will immediately report illegal behavior to regulators upon discovery, and will actively comply with investigation.
BIDU-SW (09888.HK) (BIDU.US) 's Beijing Baidu Netcom Science and Technology has made seven commitments, including compliance with the law and safeguarding market order. The company vowed not to strikemonopolistic agreements with other operators, while striving for fair market competition and adhering to mutual benefit and win-win cooperation.
JD-SW (09618.HK) (JD.US)'s Beijing Jingdong Century Trading Co. has made seven commitments, including a vow against "picking one from two", abusing market dominance, monopolistic deals, unlawful concentration of operators, as well as improper competitive and pricing behavior. Equally, the company pledged not to collect and misuse personal information against the law.Beijing
Bytedance Technology Co., Ltd. has made 13 commitments, including a vow against "choosing one from two”. The company will shun away from improper pricing behavior, pledging to indicate prices clearly without dumping at low prices. Equally, user information will be collected and used under the minimum necessary principle.
Pinduoduo (PDD.US)'s Shanghai Xunmeng Information Technology Co. has released a commitment letter in this regard, vowing not to implement monopoly deals and concentration of business operators against the law. Equally, the company pledged not to practice improper pricing behavior
CKH HOLDINGS (00001.HK) through its wing Crest Apex, placed 7.75 million OOIL (00316.HK) shares to raise $853 million, reported IFR.The placing price was reportedly $110 each, representing a 12.3% discount to its previous closing price.
PRE MARKET HOURS NEWS
Epic Games announced that it had completed a US$1-billion round of funding, which will allow it to support future growth opportunities. Epic's equity valuation is now US$28.7 billion. The TENCENT (00700.HK)-backed company mentioned that this round includes an additional US$200-million strategic investment from Sony Group.
SA SA INT'L (00178.HK) announced to further expand its online business coverage in Asia by setting foot on Lazada, the Southeast Asian e-commerce platform under BABA-SW (09988.HK)
WANT WANT CHINA (00151.HK) announced that it had on 13 April repurchased 3 million shares, involving $17.3167 million.
Chinese State Administration of Market Regulation has announced the first batch of compliance undertakings on online platforms, involving BIDU-SW (09888.HK), JD-SW (09618.HK), Weibo Corp (WB.US), Pinduoduo (PDD.US), Suning.com (002024.SZ), Vipshop Holdings Limited (VIPS.US), etc..
CG SERVICES (06098.HK) announced that its subsidiaries had entered into several Equity Transfer Agreements with COUNTRY GARDEN (02007.HK), involving RMB20 million. The agreements involved the acquisition of 100% equity interest in Trade City Operation and Management.
Macao tourism sector players opined the tourist footfall will hopefully go back to 50,000-60,000 per day upon relaxed restrictions, which may turn out an incentive to Individual Visit Scheme visitors and Hong Kong visitors. This comment came after Macao Daily had cited Chief Executive Ho Iat Seng that the government was in talks with China about a mutual recognition mechanism of COVID-19 vaccinations, beginning with Guangdong, and that customs clearance with Hong Kong will be restored once the financial hub confirms no new cases for 14 straight days.
The Government last night zoned Tower 2 of Lido Garden, Tsuen Wan as specified "restricted area". As at 1am today, around 780 residents had undergone testing. No confirmed cases were found.
Apple (AAPL.US) announced a special event on 20 April, with the market anticipating it to roll out new iPad Pro models and the first Bluetooth tracker AirTags. Apple did not reveal much in its media invitation letter, which reads "Spring Loaded"
GEELY AUTO (00175.HK)'s owner Zhejiang Geely Holding Group is weighing raising around US$1 billion to help expand the auto brand Lotus Cars into China's electric vehicle market, Bloomberg citing insiders.
CCASS shareholding information showed over 300 million MEITUAN-W (03690.HK) shares (or 5.12% shareholdings held in real name) had been transferred from investors to Goldman Sachs, as Guancha.cn cited media speculation. Rumor has it that MEITUAN-W's key shareholders would like to unload shares and quit the market. MEITUAN-W replied that such market speculation was inaccurate. This CCASS change was a common practice for stake transfer among shareholders and alteration of custodian banks, the group explained.
The Shanghai-based Ford Mustang rolled out its first Mach-E EV model in China last night (13 April). The vehicle is connected to BIDU-SW (09888.HK) (BIDU.US)'s ecosystem to support Baidu's map, entertainment content and payment. Car owners will also be able to use NIO (NIO.US)'s charging network in the country.
Chinese Premier Li Keqiang, during a video call with U.S. industrial and business leaders, called for healthy development of US-China relationship. Based on the consensus reached between the two presidents, Washington and Beijing should step up conversation and cooperation on the principle of mutual respect and in the spirit of solidarity. The de-coupling of the two countries will do no good to the world, opined Li.