HSI -11pts (flat) 28,942 HSCEI +2pts (flat) 10,984 T/O HK$145.44bn (-1.4% DoD but excluding the WuXi Bio placement of HK$11.556bn T/O was -9.2% DoD)
Market opened lower following the weakness in Asia and ahead of the FOMC meeting and a big day for US earnings. FTSE and CAC trading sideways in the red around flat. DAX drifting lower.
HSBC trading higher as earnings blew through the estimates thanks to writing back provisions +VE as did UBS beat even with a $774m loss due to Archegos but shares trading lower
BP trading higher also beat Q1 forecasts underlying replacement cost profit, used as a proxy for net profit, of $2.6 billion, driven by higher oil prices and stronger refining margins.
Earnings due from ABB, Schneider Electric, Novartis and Whitbread all reporting.
Unemployment Benefit Claims Mar -16.8k vs +25.5k. (F/cast was +45k)
Jobseekers Total Mar 3.5579m vs 3.5747m Feb (F/cast was 3.6216m)
CBI Distributive Trades Apr 20 vs -45 Mar (F/cast -2)
US Futures Opened in flat in Asian time Dow and S&P flat, NDX+0.1%
Data due Redbook, Case-Schiller Home Price Index, CB Consumer Confidence, Richmond Fed Manufacturing Index API Crude Oil Stock Change. FOMC meeting starts
Earnings Microsoft, Alphabet, Visa, Amgen, Advanced Micro Devices, 3M, General Electric, Eli Lilly, Hasbro, United Parcel Service, BP, Novartis, JetBlue, Pultegroup, Archer Daniels Midland, Waste Management, Starbucks, Texas Instrument, Chubb, Mondelez, FireEye, Corning, Raytheon
CSI 300 closed +13pts (+0.3%) @ 5,091
CSI300 opened flat but sold down to 5,057 bounced but resistance approaching yesterday’s close then trended lower in choppy trading into lunch 5,052. PM retested the morning low but then shot up to 5,093 in the space of 40 minutes, eased back and traded in the tight range into the close
Definitely looked like ‘Team China’ working in the PM overall T/O was down with investors scaling back ahead of next weeks Labour Day holiday
Investors remain concerned about defaults in Chinese SOEs and other companies. Fitch cut China Huarong Asset Mgmt's credit rating to the lowest investment grade. More concerns on stimulus tapering also weighted on market sentiment, as local authorities have slowed the pace of debt sales to finance infrastructure projects this year.
Leaders were the Medical sector, textiles, digital currency, and papermakers.
Laggards were semiconductor, carbon neutral, and coal miners. T/O fell ahead of next week's Labor Day holidays.
Shanghai Comp +2pts (flat) @ 3,443
Shenzhen Comp +40pts (+0.3%) @ 14,264
ChiNext Comp +4pts (+0.1%) @ 3,013
Industrial Profits (YTD) Mar +137.3% YoY vs 178.95 Feb was 178.9% (F/cast was +45%)
Pre market opened @ 28,895, -57pts vs +95pts ADR’s with T/O of HK$16.13bn due to the WuXi Bio placement
Choppy early trades and tested down to 28,793 after the WuXiBio placement. At 9:45 the market rallied for15 minutes to 29,010 but couldn’t hold and sold back down to the morning lows by 10:35. Then worked higher into lunch @ 28,910. PM opened @ 28,970 as HSBC earnings beat forecasts and worked up to 29,030 by 1:35 but unable to hold and sold down to 28,877 before trading higher in the last 30 minutes.
Investors cautious ahead of the FOMC and with a large number of earnings in HK and US. The Surge in covid cases in Asia and India raising concerns about the global recovery.
HONG KONG DATA
Balance of Trade Mar HK$-27.0b vs -14.7b Feb (F/cast was -21b)
Exports Mar +26.4% vs 30.4% Feb
Imports Mar 21.7% vs 17.6% Feb
The Centre for Health Protection reported 8 new covid cases (vs 4 Monday) 5 imported, 3 local.
Short Selling Tuesday 10.3% vs 15.2% Monday
Top Shorts Bud Apac (1876) 50%, Hengan (1044) 42%, CK Asset (1113) 35%, Country Garden (2007) 35%, Bank Of China (3988) 34%, Wharf REIC (1997) 33%, Sands China (1928) 31%, Hang Lung Property (101) 30%, CCB (939) 28%, NWD (17) 27%, Sino Biopharm (1177) 25%
Earnings Due Wednesday 28 April
First Tractor Co Ltd. - H Shares 00038.HK Machinery & Equipment
Guangdong Land Holdings Limited 00124.HK Property Development
Jiangsu Expressway Co. Ltd. - H Shares 00177.HK Road and Railway
Guangdong Investment Ltd. 00270.HK Water Supply RES
BYD Electronic (International) Co. Ltd. 00285.HK Telecomm. & Networking Equipment
Maanshan Iron & Steel Co. Ltd. - H Shares 00323.HK Steel
Sinopec Shanghai Petrochemical Co. Ltd. - H Shares 00338.HK Petroleum & Gases
Hainan Meilan International Airport Company Limited - H Shares 00357.HK Airlne Support
China Petroleum & Chemical Corporation - H Shares 00386.HK Petroleum & Gases
Hong Kong Exchanges and Clearing Ltd. 00388.HK Other Financials
China Railway Group Ltd. - H Shares 00390.HK Infrastructure
Shenzhen Expressway Co. Ltd. - H Shares 00548.HK Road and Railway Nanjing Panda Electronic Co. Ltd. - H Shares 00553.HK IT Hardware
Shandong Molong Petroleum Machinery Co. Ltd. - H Shares 00568.HK Petroleum & Gases Equipment & Services
Beijing North Star Co. Ltd. - H Shares 00588.HK Property Development
Sinotrans Ltd. - H Shares 00598.HK Marine & Harbour Services
Wai Chun Bio-Technology Limited 00660.HK Agricultural, Poultry & Fishing Production
Haitong International Securities Group Ltd. 00665.HK Securities
China Overseas Land & Investment Ltd. 00688.HK Property Development
China Telecom Corporation Ltd. - H Shares 00728.HK Telecomm. Services
Asia Cement (China) Holdings Corporation 00743.HK Construction Materials
ZTE Corporation - H Shares 00763.HK Telecomm. & Networking Equipment
Hisense Home Appliances Group Co., Ltd. - H Shares 00921.HK Household Appliances
China Construction Bank Corporation - H Shares 00939.HK Banks
Datang International Power Generation Co., Ltd. - H Shares 00991.HK Electricity Supply
Anhui Expressway Co. Ltd. - H Shares 00995.HK Road and Railway China Gem Holdings Limited 01191.HK Investments & Assets Management
Guangnan (Holdings) Ltd. 01203.HK Steel
BYD Co. Ltd. - H Shares 01211.HK Automobiles & Components 1
China Maple Leaf Educational Systems Ltd. 01317.HK Other Support Services
The People's Insurance Co. (Group) of China Ltd. - H Shares 01339.HK Insurance
Lanzhou Zhuangyuan Pasture Co., Ltd. - H Shares 01533.HK Dairy Products
Bojun Education Company Limited 01758.HK Other Support Services
Hope Education Group Co., Ltd. 01765.HK Other Support Services
Ganfeng Lithium Co., Ltd. - H Shares 01772.HK Nonferrous Metal
GF Securities Co., Ltd. - H Shares 01776.HK Securities 1
BAIC Motor Corporation Limited - H Shares 01958.HK Automobiles & Components
Bank of Chongqing Co., Ltd. - H Shares 01963.HK Banks
PICC Property and Casualty Co. Ltd. - H Shares 02328.HK Insurance
China Pacific Insurance (Group) Co., Ltd. - H Shares 02601.HK Insurance
Shanghai Pharmaceuticals Holding Co., Ltd. - H Shares 02607.HK Medicine
Guotai Junan Securities Co., Ltd.-H Shares 02611.HK Securities
China Life Insurance Co. Ltd. - H Shares 02628.HK Insurance
AAG Energy Holdings Ltd. 02686.HK Petroleum & Gases RES
Liaoning Port Co., Ltd. - H Shares 02880.HK Marine & Harbour Services
China Oilfield Services Ltd. - H Shares 02883.HK Petroleum & Gases Equipment & Services
Hangzhou Tigermed Consulting Co., Ltd.- H Shares 03347.HK Biotechnology Qinhuangdao Port Co., Ltd. - H Shares 03369.HK Marine & Harbour Services
Pharmaron Beijing Co., Ltd- H Share 03759.HK Medicine
CITIC Securities Co. Ltd. - H Shares 06030.HK Securities
Wisdom Education International Holdings Company Limited 06068.HK Other Support Services
Bank of Zhengzhou Co., Ltd. - H Shares 06196.HK Banks
China Everbright Bank Co. Ltd. - H Shares 06818.HK Banks
Haitong Securities Co., Ltd. - H Shares 06837.HK Securities
Flat Glass Group Co., Ltd. - H Shares 06865.HK Industrial Goods
Jilin Province Huinan Changlong Bio-pharmacy Co. Ltd. - H Shares 08049.HK Medicine
Shenzhen Hepalink Pharmaceutical Group Co., Ltd. - H Share 09989.HK Medicine
EARNINGS Out Tuesday 27 April
WH GROUP (00288.HK) announced the first quarter result ended March 2021. The net profit before biological fair value adjustments amounted to US$293 million, down 17% yearly.
EPS was US1.99 cents.
CIMC (02039.HK) announced first quarter results ended March 2021. Profit was RMB1.507 billion, against RMB641 million in a year ago's loss. EPS equaled RMB0.4051.
CONCH CEMENT (00914.HK) announced that the net profit for the first quarter was RMB5.809 billion according to Chinese Accounting Standards, an increase of 18.22% year-on-year.
COSCO SHIP PORT (01199.HK) announced unaudited condensed consolidated results for the three months ended 31 March 2021 that profit attributable to equity holders was US$73.027 million, a yearly decrease of 20.53%.
HSBC HOLDINGS (00005.HK) announced 1Q21 earnings release that reported profit before tax grew 79% yearly to US$5.779 billion; profit attributable to the ordinary shareholders of the parent company rose 1.17 times to US$3.88 billion, way beyond US$2.649-3.693 billion in brokers' forecast. EPS equaled US$0.19. It said it does not intend to pay quarterly dividends during 2021. The Group will consider whether to announce an interim dividend at its 2021 half-year results in August. CEO Noel Quinn said, at an analyst meeting, that Hong Kong's mortgage market demand stayed robust with amplifying corporation loan applications from the fourth quarter of 2020. Equally, the city saw increasing retail loans in the first quarter of 2021. The lender has no share buyback plan this year, with a cautious attitude towards group reserves.HSBC focuses on Asia's wealth management business with development of "Jade" products, said Chief Executive Noel Quinn, who did not bar takeover for development. Asked if the group will consider change of domicile to strengthen its foothold in Asia, Quinn replied that London is still a good choice for the headquarters of an international bank, while HSBC also has a major regional headquarter in Hong Kong.
HANG SENG BANK (00011.HK) announced that the Board of Hang Seng Bank Limited has declared a first interim dividend in respect of the year ending 31 December 2021 of HK$1.1 per share, which will be payable on 8 June 2021, to shareholders whose names appear on the register of shareholders of the Bank on 12 May 2021.
AFTER MARKET NEWS
China's state-owned enterprises recorded total profits of RMB961.45 billion in the first quarter of 2021, being 1.9 times higher YoY, according to data from Ministry of Finance's website.
YUE YUEN IND (00551.HK) Issued a positive profit alert. For the three months ended March 31, 2021, the Group is expected to record a net profit of US$80 million to US$90 million as compared to the loss of US$56 million for the corresponding three-month period in 2020.
HSBC announced that clients can apply for the 100% Personal Loan Guarantee Scheme from tomorrow (28 April) through the bank's website or via hotline. The maximum loan amount for each eligible applicant is 6 times the average monthly income, capped at HKD80,000. The loan tenor is 72 months with an APR of 1% p.a.
Bowtie has amassed more than 30,000 clients in two years, offering a pure insurance face amount of over $10 billion, said Co-Founder and Co-CEO Fred Ngan at a press conference. The virtual insurer expected to record a pure face value of $100 billion in a year or two, along with a 20-30% monthly growth, Ngan added. Given Hong Kong's big market headroom, he was confident in Bowtie's breakeven within a short time.
The Executive Council has given green light to law amendments that the restrictions upon eateries and listed premises can conditionally be relaxed from Thursday midnight through 12 May, said Sophia Chan, Secretary for Food and Health, citing the improved plague combat and case tracking of the city. While restaurants will be categorized into four categories, those which have their workers vaccinated with the first shot will be allowed to run business through 12pm and allow six people per table. Customers of these eateries shall not fill in "personal information collection forms" in lieu of "LeaveHomeSafe" registration.
Restaurant staff who cannot be vaccinated for health grounds shall submit declarations and medical proof and receive specimen collection services (combined nasal and throat swabs) every seven days.Bars, nightclubs, bathhouses, party rooms, karaoke and Mahjong/ Tin Kau parlors may conditionally reopen based on the vaccine bubble.
These premises will be allowed to operate until 2am from 29 April to 12 May, if their employees and customers have taken at least one dose of COVID-19 vaccine and are using the "LeaveHomeSafe" app. Two persons will be allowed per table for bars, while four persons will be allowed per room for party and karaoke rooms.
*HK BANKS MIXED HSBC (5 HK +2%) reported adjusted pretax profit for Q1 +79% to US$5.8b, beating estimates. HANG SENG (11 HK +0.5%) STAN CHARTERED (2888 HK unch) BEA (23 HK+0.6%). Chinese banks remain weak ahead of earnings
*E-COMMERCE/INTERNET MIXED MEITUAN (3690 HK +2.6%) despite China's antitrust regulator launching a probe against the food delivery platform, said it is looking into alleged abuses including forced exclusivity arrangements known as "pick one of two." There is speculation that impact on Meituan would be limited and that a fine maybe imposed following the investigation.
CH LIT (772 HK +1.6%) said founder Wu Wenhui retired as a non-executive director and vice-chairman to spend more more time “for personal affairs.’'
Senior Executive Vice President of TENCENT (700.HK -0.6%) said at a press conference that it is not going to manufacture vehicles for the time being and will support the industry in terms of software. ALIBABA (9988 HK +0.8%) KUAISHOU (1024 HK -0.1%) BAIDU (9888 HK -1.6%).
*TECH & COMPONENT WEAK as semiconductor shortage continue to weight on the sector’s plus the China-U.S. tension. HUA HONG (1347 HK -1.2%) SMIC (981 HK -1%) SUNNY OPT (2382 HK -0.9%) BYDE (285 HK -1%).
XIAOMI (1810 HK -0.4%) is among investors considering joining a funding round of at least 1.5b yuan for Black Sesame Technologies Inc., a Shanghai-headquartered artificial intelligence and autonomous driving chipmaker, which is valued at as much as US$1.5b.
*PHARMA/MEDICAL STRONG on rising demand of medical/pharm products amid resurging Covid cases in some countries. CANSINO (6185 HK +4.4%) KINTOR (9939 HK +4%) SINOPHARM (1099 HK +1.9%) GENESCRIPT BIO (1548 HK +5%) WUXI APPTEC (2359 HK +2.4%).
WUXI BIO's (2269 HK -6%) as parent sells 108m of the company's shares in a block trade at HK$107.00 each, raising US$1.5b. The selling price represents a discount of 6.8% to yesterday's closing price of HK$114.8.
*AUTO MAKERS MIXED as TESLA kept its delivery guidance unchanged after reporting higher-than-expected first-quarter profit. China represents about 20% of sales
GEELY (175 HK -0.2%) BYD (1211 HK +0.2%) GAC (2238 HK -0.7%).
There were reports on XIAOMI's talks with GREATWALL (2333 HK +2.2%) on EV production using the latter's plants. GREATWALL dismissed the reports as inaccurate, adding there have been no negotiations between the automaker and XIAOMI-W in this regard.
Opened higher but reversed after 5 minutes and trended lower through the morning to test 7,005 at midday. It then bounced and retested before then working better for the rest of the day to close -12pts (-0.2%) @ 7,034
Nikkei opened higher but trended lower through the morning. Tried to hold the 29,126 level (yesterday’s close) for the first hour but then worked down to 29,050 at lunchtime. PM opened higher but resumed the downward trend to close -134pts (-0.5%) @ 28,992
Topix opened lower and sold down to 1,909 in the first 10 minutes then traded sideways into lunch. PM drifted lower to close just off the day low -15pts (-0.8%) @ 1,904
BoJ left rates unchanged but in the quarterly report slashed its consumer inflation forecast for the current fiscal year to 0.1% from earlier predictions made in January of 0.5%, amid downward pressure on service spending. Policymakers warned of lingering risks to the economic outlook as the COVID-19 continues to hurt consumption. Meantime, the projected rates of rise in the GDP for the current fiscal year were little changed (4% vs 3.9% made in January). The central bank reaffirmed it would not hesitate to take additional easing measures if necessary.
Nomura Holdings (NMR.US) lost JPY155.4 billion (around US$1.4 billion) last quarter, far above the JPY34.5-billion loss in the same period of the previous year. This was driven by a JPY245.7-billion (about US$2.3 billion) loss tied to the Archegos Capital collapse. Nomura has already exited more than 97% of the positions with Archegos.
Markets sold down despite the good GDP data as investors lock in gains after the recent rally.
Kospi opened just +VE but sold down to 3,206 in the first 45 minutes then bounced but saw resistance as they approached yesterday’s close, tested a few times before selling back down to 3,207 level traded sideways and tested down to 3,203 but then worked better in the last hour to close -1.4pts (flat) 2 3,216
Kosdaq opened just +VE but sold down to 1,024 in the first 35 minutes, saw bounce but then drifted lower for the rest of the day to close -9pts (-0.8%) @ 1,021
GDP Growth Rate Adv Q1+1.6% QoQ vs +1.2% Q4 (F/cast was.+0.9%)
GDP Growth Rate Adv Q1 +1.8% YoY vs -1.2% Q4 (F/cast was.+1.1%)
Opened 14pts higher and trended higher but dipped into the red as the China data came out but then bounced back to 17,624 then traded sideways for about an hour before dipping into the red, bounced and traded around flat before selling down to 17,490 around midday. Then rebounded to flat, was up small dipped into the red and then bounced to closed +24pts (+0.1%) @ 17,596
CONNECT FLOWS (saw a significant decrease)
Northbound RMB 39,728m Sell 19,468m : 20,260m Buy
Southbound HK$ 13,793m Sell 7,347m : 6,447m Buy
Northbound RMB 48,862m Sell 23,071m : 25,791m Buy
Southbound HK$ 15,569m Sell 6,917m : 8,652m Buy
MEITUAN (03690.HK) +2.6%
CCB (00939.HK) -0.9%
PING AN (02318.HK) -0.9%
BABA (09988.HK) + 0.8%
TENCENT (00700.HK) -0.6%
AIA (01299.HK) +0.6%
HKEX (00388.HK) -0.3%
HSI & HSCEI Constituents on Move:
WUXI BIO (02269.HK) -6%
JD HEALTH (06618.HK) +5.3%
CHINA GAS HOLD (00384.HK) -4%
HSMI & HSSI Constituents on Move:
FOSUN TOURISM (01992.HK) +14.4%
HUABAO INTL (00336.HK) -12%
COSCO SHIP HOLD (01919.HK) +7.6%, hitting new high
XTEP INT'L (01368.HK) +7.4%, hitting new high
SITC (01308.HK) +4.6%, hitting new high
KB LAMINATES (01888.HK) +2.9%, hitting new high
CHINA LESSO (02128.HK) +1.6%, hitting new high
MARKET HOURS NEWS.
In Q1, China's vehicle manufacturing industry grossed a total profit of RMB132.08 billion, up 8.4 times yearly, announced China Association of Automobile Manufacturers (CAAM).
To further enhance the competitiveness of Hong Kong as an international aviation hub and in support of Hong Kong’s continuous development as the region’s premier center for international businesses, Airport Authority Hong Kong (AA) is working with the Hong Kong Business Aviation Centre (HKBAC) in the implementation of the latter’s HK$400 million expansion of business aircraft facilities at Hong Kong International Airport (HKIA).
NTES-S (09999.HK)'s Youdao (DAO.US) said it will cooperate with rectification and shelve courses with pre-enrollment and significantly lower tuition fees than costs. Beijing Municipal Education Commission has ordered online training institutions to make rectification following inspection.
Ant Group’s valuation, in the worst-case scenario, may free fall to USD29 billion (roughly RMB185.359 billion) after being turned into a financial holding company, according to Bloomberg Intelligence. The slide from its prior projection (USD320 billion) was as steep as 90.9% in the above calculation, said Analyst Francis Chan.
WHO Assistant Director General Mariangela Batista Galvao Simao said the Organization is expected to decide on whether to greenlight the emergency use of Sinovac and Sinopharm vaccines within the next two weeks.
Wang Weizhong, Secretary of the CPC Shenzhen Municipal Committee, put forward Shenzhen's development blueprint for the next five years. Accordingly, Shenzhen shall beef up its core competitiveness under modern industrial systems. The city will strive for an aggregate economic volume of more than RMB4 trillion, and an added value of strategic emerging industries of over RMB1.5 trillion.
MEITU (01357.HK) struck a strategic partnership with HUMAN, pursuant to which HUMAN will secure the former's marketing supply chain, while ensuring the processed advertising inventory is authentic and safe from malicious bots. The US cybersecurity company will safeguard Meitu's apps and programmatic advertising platform.
Chief Executive Carrie Lam said the Secretary for Food and Health will brief on the latest vaccine bubble arrangements this afternoon, striving to resume normal operation across all walks of life and revive residents' normal daily lives. Starting Thursday (29 April), the Government will gradually relax anti-epidemic measures on operating premises and provide the suspended premises with business rebooting steps.
During the week ended 23 April, Bitcoin recorded US$21 million in outflow, a new weekly high on record, according to CoinShares.
There is tremendous potential of green finance in Hong Kong, opined HSBC Asia-Pacific chief executive Peter Wong, foreseeing the metropolitan city to become a green financial hub within the region leveraging its capital market scale and talents, compounded with open, reliable and highly efficient financial market. That said, he viewed there should be a standard to decide whether an investment or asset is "green" or not. BOC HONG KONG (02388.HK) Vice Chairman and President Sun Yu agreed that the development of green finance could be more transparent if such standard is formulated.
Guangzhou held an auction for the first batch of centralized land supply yesterday (26 April), involving 24 land parcels.CHINA RES LAND (01109.HK) won the bid for a land parcel (AB3701008) in Jinshazhou, Baiyun District with a planned GFA of 23,400 sq.m. at roughly RMB2.128 billion, equivalent to around RMB42,100 per sq.m..
In March 2021, CK ASSET (01113.HK) proposed purchase of stakes in four infrastructure businesses of LKSF by issuing $17-billion shares at $51 each, together with share repurchase to offset dilution effects. The company announced that the Independent Financial Adviser Anglo Chinese Corporate Finance had advised the Independent Board Committee and the Independent Shareholders on the matter.
Hong Kong homeowners, when emigrating to Britain this year, will probably sell as much as HK$150 billion worth of property, Bloomberg reported. Bloomberg estimated that about 13,100-16,300 families will relocate to the UK this year, accounting for 0.9%-1.1% of the private housing market.
SHK PPT (00016.HK)'s Guangzhou arm won the tender for a land parcel under the transit-oriented development (TOD) project at the core district of Panyu South Station at a minimum price of RMB7.082 billion, reported Chinese media. The project has a GFA of not more than 917,400 sq.m., with a selling price of roughly RMB11,493 per sq.m., according to the group.
Chinese enterprises of the manufacturing industry above designated scale achieved profit of RMB1.54 trillion in the first quarter, being 1.58 times higher annually, according to data from National Bureau of Statistics.
Chinese enterprises of industries above designated scale achieved profit of RMB711.18 billion in March 2021, up 92.3% annually, according to data from National Bureau of Statistics.
PRE MARKET HOURS NEWS
I.T (00999.HK) announced that its proposed privatization was sanctioned by the Court on 26 April, and the Scheme was expected to become effective on 28 April. An application for the withdrawal of the listing of the Shares on the Stock Exchange has been made and the Stock Exchange has approved the withdrawal of the listing of the Shares on the Stock Exchange with effect from 9:00 a.m. on Friday, 30 April.
World Trade Organization Director-General Ngozi Okonjo-Iweala had very constructive talks with China, expecting the latter to be willing to look at negative spillovers from industrial subsidies if the facts are put on the table. Beijing will be more receptive if the WTO addresses other subsidy issues as well, while anticipating curbs on agricultural subsidies prevalent in both developed and big emerging markets.
JPMorgan Chase & Co (JPM.US) purportedly plans to roll out an actively-managed Bitcoin fund, leading to a sharp rebound of the cryptocurrency. Bitcoin surged 6.2% to US$53,758.06 over the past 24 hours, still 17% below its US$64,829.14 peak set on 14 April, according to data from coindesk.com.
WUXI BIO (02269.HK) announced that it was informed by WuXi Biologics Holdings Limited, one of the substantial shareholders of the Company, that it planned to place 108 million existing shares of the Company (representing 2.56% of the total issued share capital of the Company) at a price of HK$107 each, representing a 6.79% discount to the closing price as quoted on last trading day. The cash-in would be HK$11.556 billion.
FOSUN PHARMA (02196.HK) announced that for the first quarter ended 31 March 2021, net profit burgeoned 46.8% yearly to RMB847 million. EPS equaled 33 fen.
NEW HIGHER EDU (02001.HK) announced results for the six months ended February 2021. Net profit was RMB295 million, up 45% yearly. EPS equaled 19 fen. Interim DPS was 5.4 fen.
GOLDWIND (02208.HK) announced the 2021 First Quarterly Report of the Company which has been prepared in accordance with the PRC GAAP and is unaudited. Net profits grew 8.6% yearly to RMB972 million. EPS was 22.12 fen.
CHALIECO (02068.HK) announced that in accordance with the Accounting Standards for Business Enterprises of the PRC, the Company swung into net profit of RMB47.36 million for the first quarter ended 31 March 2021, against loss of RMB71.34 million in the same period of 2020. EPS equaled 2 fen.
YONGDA AUTO (03669.HK) announced that for the first quarter ended 31 March 2021, net profit attributable to owners of the Company burgeoned 786% yearly to RMB526 million.