HSI +232pts (+0.8%) 29,303 HSCEI +35pts (+0.3%) 11,050 T/O HK$119.74bn (-12.1% DoD)A significant drop even without the southbound connect as futures expire and small IPO
Market mixed FTSE and CAC opened higher and trading sideways. DAX opened flat and sold off slightly now trading sideways in the red.
Shell reported adjusted earnings of $3.2 billion Beat estimates, raised dividend
Total +VE after profits surged to pre-pandemic levels on the back of stronger commodity prices.
Airbus +VE slightly beat expectations in Q1, reporting a particularly strong free cash flow of 1.26 billion euros ($1.53 billion).
Nokia strong after beating Q1 revenue and profit expectations on the back of strong network and 5G sales.
Loans to Households Mar +3.3% YoY vs +3% Feb (F/cast was +2.9%)
Loans to Companies Mar +5.3% YoY vs +7% Feb revised (F/cast was +7.1%)
M3 Money Supply Mar +10.1% YoY vs +13.3% Feb (F/cast was +10.7%)
Consumer Confidence Apr -8.1 vs -10.8 Mar (F/cast was -8.1)
Economic Sentiment Apr 110.3 vs 100.9 Mar revised (F/cast was 104)
Industrial Sentiment Apr 10.7 vs 2.1 Mar revised (F/cast was 5.1)
Services Sentiment Apr +2.1 vs -9.6 Mar revised (F/cast was -7)
Consumer Inflation Expectations Apr 19.6 vs 18.6 Mar (F/cast was 19.1)
Import Prices Mar +6.9% YoY vs +1.4% Feb (F/cast was +5.7%)
Import Prices Mar +1.8% MoM vs +1.7% Feb (F/cast was +0.6%)
Unemployment Rate Apr 6% vs 6% Mar (F/cast was 6%)
Unemployment Change Apr +9k vs -6k Mar revised (F/cast was -12k)
Car Production Mar +46.6% YoY vs -14% Feb (F/cast was +51%)
Opened mixed in Asian time Dow -3pts, S&P +0.2%, NDX +0.5% but rallied after Biden’s speech and continued to rise now Dow +182pts ,S&P +0.7% and NDX +1%. He said the US was ready to take off.
Apple, Facebook and Qualcomm all indicating much higher after good results after the bell Wednesday.
Cruise stocks +VE after the CDC said sailings from U.S. ports could begin mid-July.
Ahead of the busiest reporting day for the S&P 500 with 11% due to report and initial claims
Pre market Caterpillar beat expectations and traded higher. McDonald’s said revenue topped expectations and traded higher.
However, Merck was trading lower following disappointing results.
AHEAD Initial Claims, 4 week Average Claims, Continuing Claims, GDP (Growth Rate and Price Index), Core PCE Prices, PCE Prices, Pending Home Sales, EIA Natural Gas Report.
Amazon, Twitter, Bristol-Myers Squibb, Comcast, Northrop Grumman, Airbus, Kraft Heinz, Intercontinental Exchange, Mastercard, Gilead Sciences, U.S. Steel, Cirrus Logic, Texas Roadhouse, Cabot Oil, PG&E, Royal Dutch Shell, Church & Dwight, Carlyle Group, Southern Co.
CHINA CSI 300 closed +45pts (+0.9%) @ 5,164
CSI300 opened higher and tested 5,160 a couple of times in the first 45 minutes before consolidating and testing yesterday’s close ahead of lunch. PM opened higher and worked higher in stages to 5,170 before easing back into the close. Investors watching earnings but only cautious trading ahead of the holidays allowing Team China to move the market higher with purchases of Financials and Coal names. Leaders were brokers, non-ferrous, banks, gold, coal, and ports Laggards were tourism, agriculture, assisted reproduction, biomedicine and autos
Shanghai Comp +18pts (+0.5) @ 3,475
Shenzhen Comp +66pts (+0.5%) @ 14,464
ChiNext Comp -10pts (-0.3%) @ 3,041
CHINA DATA No data Thursday but
Friday pre market Non & Manufacturing PMI’s, also last day of trading ahead of labour day holidays.
Pre market opened @ 29,268 +197pts vs +152pts ADR’s as futures settle; HSBC and Ecommerce names firm except Meituan (being probed)
Worked higher to test 29,400 mid morning but then trended lower 29,230 and then traded sideways into lunch. PM continued trading sideways until around 2pm when it worked higher to test 29,300 but failed to brake above and eased back to before retesting in the least 45 minutes and closed just above.
At lunch Std Chart reported 1Q21 Underlying PBT +18% YoY to US$1.446B, Beat and stock rallied in the PM session. Also news that Tencent was facing a Rmb10bn fine over anti trust issues saw the stock trade slightly lower in the PM session.
HONG KONG DATA
The Centre for Health Protection reported 15 new covid cases (vs 7 Wednesday), all imported.
Short Selling Thursday vs 13.1% Wednesday
Top Shorts Wharf REIC (1997) 40%, China Overseas Land (688) 38%, Bank Of China (3988) 38%, Bud Apac (1876) 35%, BOCOM (3328) 33%, Hang Seng Bank (11) 32%, CK Asset (1113) 31%, Haidilao (6862) 31%, Ali Health (241) 29%, MTRC (66) 28%, Country Garden (2007) 28%, CCB (939) 27%, Hengan (1044) 27%, Sands China (1928) 26%, CSPC Pharma (1093) 25%, Sino BioPharm (1177) 25%, China Res Land (25%
ZHAOKE OPHTH-B (06622.HK) on debut, closed at $14.32, down $2.48 or -14.8% against the listing price $16.8, on volume of 41.42 million shares and turnover of $620 million.
Excluding the handling fees, a book loss of $1,240 was reported per board lot of 500 shares.
Earnings Due Friday 30 April
Modern Media Holdings Ltd. 00072.HK Publishing
Zhejiang Expressway Co. Ltd. - H Shares 00576.HK Road and Railway
Huscoke Holdings Limited 00704.HK Coal
Comtec Solar Systems Group Ltd.00712.HK Environmental Energy Material
Shanghai Zendai Property Ltd. 00755.HK Property Development
Carnival Group International Holdings Ltd. 00996.HK Property Development
Greater Bay Area Dynamic Growth Holding Limited 01189.HK Hotels & Resorts
Mobile Internet (China) Holdings Limited 01439.HK Printing, Publishing & Packaging
Leader Education Limited 01449.HK Other Support Services
China Datang Corporation Renewable Power Co., Ltd. -H Shares 01798.HK Alternative Energy
China Wood Optimization (Holding) Ltd. 01885.HK Forestry & Timber
China Chunlai Education Group Co., Ltd. 01969.HK Other Support Services
Zhixin Group Holding Limited 02187.HK Construction Materials
CNNC International Ltd. 02302.HK Other Minerals
Good Friend International Holdings Inc. 02398.HK Machinery & Equipment
China National Building Material Co. Ltd. - H Shares 03323.HK Construction Materials
Icon Culture Global Company Limited 08500.HK Advertising
EARNINGS Out Thursday 29 April
GAC GROUP (02238.HK) announced the first quarter result ended March 2021. The net profit amounted to RMB2.366 billion, up 1896.6% yearly. EPS was RMB0.23.
CITIC BANK (00998.HK) announced first quarter results ended March 2021. Operating income rose 0.7% year on year to RMB51.931 billion. Net profit attributable to equity holders was RMB15.641 billion, up 8.2%. EPS equaled RMB0.32.
BANK OF CHINA (03988.HK) announced report for the first quarter ended 31 March 2021. Profit attributable to equity holders inched up 2.7% yearly to RMB53.989 billion. EPS equaled RMB0.18.
ICBC (01398.HK) announced first quarterly report of 2021. Net profit attributable to equity holders added 1.5% yearly to RMB85.73 billion; EPS equaled RMB0.24; net interest income was RMB166.601 billion, representing an increase of 3.5% compared with the same period of last year.
ABC (01288.HK) announced results for the first quarter ended 31 March 2021. Net profit expanded by 2.6% yearly to RMB65.861 billion, with an EPS of RMB0.18. Operating income surged 4.1% annually to RMB194.499 billion.
PETROCHINA (00857.HK) announced first quarterly report of 2021. Revenue reached RMB551.923 billion, up 8.4% yearly; net profit was RMB27.721 billion, as compared with RMB16.23 billion in a year ago's loss; EPS equaled 15.1 fen.
CHINA RAIL CONS (01186.HK) announced the first quarter result ended March 2021. The net profit amounted to RMB5.005 billion, up 68.5% yearly. EPS was RMB0.31.
BOC HONG KONG (02388.HK) announced that operating profit before impairment allowances declined 13.9% yearly to HK$9.656 billion in the first quarter of 2021. Net operating income before impairment allowances decreased by 9.8% annually to HK$13.422 billion.
YANZHOU COAL (01171.HK) announced first quarter results ended March 2021. Net profit amounted to RMB2.251 billion, up 30.2% yearly. EPS equaled 46.28 fen.
BANKCOMM (03328.HK) announced that during the first quarter of 2021, net profit increased by 2.3% on a year-on-year basis to RMB21.946 billion. EPS equaled RMB0.3. The net operating income increased by 5.1% on a year-on-year basis to RMB68.41 billion. Profit before tax grew 2.6% annually to RMB24.966 billion.
CHINA RAILWAY (00390.HK) announced first quarter results ended March 2021. Net profit amounted to RMB6.485 billion, up 80.9% yearly. EPS equaled RMB0.238.
At or before Lunch
STANCHART (02888.HK) announced first quarter 2021 results. Underlying profit before tax went up 18% yearly to US$1.446 billion, higher than US$994-1,071 million in broker forecast. Credit impairment shrank to US$20 million from a year ago's US$956 million.It will scale down its global branches as clients are more inclined to using e-banking and mobile banking services, said CFO Andy Halford at a conference call. The group plans to further slash its number of branches to 400 from around 800 worldwide, he added.
SINOPEC CORP (00386.HK) announced first quarterly report for 2021 prepared in accordance with International Financial Reporting Standards. Net profit attributable to shareholders was RMB18.543 billion, as compared with over RMB19 billion in a year ago's loss. Basic EPS equaled RMB0.153.
AFTER MARKET NEWS
ZTE (00763.HK) announced that the Company completed the issuance of 2021 Tranche I and Tranche II Super and Short-term Commercial Paper today (29 April) in an aggregate amount of RMB2 billion. The term of the SCP shall be 180 days at an interest rate of 2.7%.
BioNTech CEO Ugur Sahin foresaw results by September from clinical trials testing the Covid vaccine co-developed by the firm and Pfizer in babies as young as six months old, cited by Der Spiegel magazine. Sahin claimed that results for the five to 12 year olds may be available in July, while those for younger children will be provided in September.
Bao Haijie, Managing Director and Head of Global Issuer Services at HKEX (00388.HK), said quite a huge number of overseas issuers (particularly biotech firms) have expressed interest in Hong Kong listings. Some smaller biotech companies may not be able to go public on HKEX due to its high threshold for biotech IPOs. Bao suggested there is a balance point for any kind of listing system, while finding the current one appropriate.
*PETROCHEMS FIRM as retail prices of gasoline and diesel in China will rise by 100 yuan and 95 yuan per tonne, respectively, from Thursday. Plus oil rose to the highest in over a month on signs the rebound in demand and despite India's Covid situation. SINOPEC (386 HK +1.5%) reported net income for the first quarter of 1.17b yuan vs loss 1.20b yuan YoY. IFRS net for the first quarter of 18.54b yuan vs loss 19.20b yuan YoY. PETROCHINA (857 HK +1.5%) to report after market today.
*BASE METALS STRONG, as China is clamping down on steel exporters in an effort to make good on output cuts whilst keeping prices constrained. The finance ministry scrapped export-tax rebates on some finished products starting May 1, while also removing import tariffs on pig iron, semi-finished goods and scrap. MAANSHAN (323 HK +5.7%) CHALCO (2600 HK +6.5%) JIANGXI COPPER (358 HK +4.4%).
*BANKS MIXED CHINESE BANKS MIXED ahead of earnings, but CCB (393 HK -1.2%) Q1 earnings +2.8%, net income rose to 83.1b yuan.ICBC (1398 HK -0.8%) BOC (3988 HK +1.3%) ABC (1288 HK +0.7%) CITIC BANK (998 HK +2.2%). HK BANKS FIRM after STAN CHART (2888 HK +4.4%) after reported adj pretax profit of US$1.45b, +18% YoY beating f/casts; HSBC (5 HK +1.8%) HANG SENG (11 HK +1%).
*E-COMMERCE/INTERNET MIXED reported at lunch that China is preparing to slap a fine on Tencent (700 HK +0.6%) but lower in the PM vs the morning, as part of its antitrust crackdown on the country’s internet giants, but it will be less than the US$2.8b levied upon ALIBABA (9988 HK unch) as the regulator is now investigating why Ant’s IPO got approved so quickly. MEITUAN (3690 HK unch) being probed on anti monopoly, KUAISHOU (1024 HK -0.3%) JD (9618 HK +0.8%) NTES (9999 HK +2.6%).
*TECH & COMPONENTS WEAK after BYDE (285 HK -12%) as its gross profit margin was missed f/casts and Apple posted good results SUNNY OPT (2382 HK -0.45) TRULY (732 HK -2.2%) SIM TECH (2000 HK -1.2%) and Huawei Tech reported its revenue shrank for a second straight quarter.
*INSURERS STRONG as CH LIFE (2628 HK +1.5%) said 1Q net profit +67.3% YoY to 28.59b yuan. However, the new business value -13.2% YoY. PICC P&C (2328 HK +7.6%) said 1Q net profit +40.7% YoY to 8.942b yuan. PICC GROUP (1339 HK+2.7%) said 1Q net income +42% to 10b yuan vs 7.06b yuan YoY.
*HK PROPERTY FIRM as Hong Kong's average home prices rose for the third straight month in March to a 20-month high, while analysts predicted they could break a record high this quarter. The private domestic price index rose by 0.8% MoM, or 2.6% YoY, to 388.3, data from the Rating and Valuation Department showed. KERRY PROP (683 HK +1.7%) NWD (17 HK +1%) CK ASSET (1113 HK+1%) WHARF (4 HK +1.5%).HENDERSON (12 HK +0.3%) issued the first price list for THE HENLEY I, involving 96 flats in floor area of 274-889 sq. ft.. Based on the highest discount 5%, the sales prices of the Kai Tak residential project range $7.489-27.72 million.
BYD (1211 HK -3.2%) reported 1Q net income doubled to 237.4m yuan vs. 112.6m yuan.
VANKE (2202 HK +2.7%) is working with an adviser to prepare for a listing of its property management business in Hong Kong that could raise about US$2b, according to news.
FOSUN PHARM's (2196 HK +4%) BioNTech expects Chinese approval for its Covid shot likely by July, and is answering final questions from the country's drug regulator.
Opened higher testing 7,090 before easing back to 7,070 level ahead of Export/Import price data which was better than expected and the market worked higher to test 7,100 early afternoon but failed to break above despite a couple of tries. Consolidated to 7,080 level and traded sideways before seeing small upward move to close +18pts (+0.3%) 7,082
Export Prices Q1 +11.2% QoQ vs +5.5% Q4 (F/cast was +0.9%)
Import Prices Q1 +0.2% QoQ vs -1% Q4 (F/cast was +1.1%)
Tomorrow PPI and Private Sector Credit
Markets closed for Golden Week Reopen Thursday 6 May
South Korea's terms of trade rose for the 12th consecutive month in March, as exports have shown signs of a strong recovery, central bank data showed Thursday.Market sold down as Korea Fair Trade Commission said seven more major firms are required to disclose detailed information on their management and business activities; with Coupang, Korea Aerospace Industries Co. (KAI), and five others newly added to the list.
Rebounded as Samsung Electronics announced 1Q21 net profit +46% yearly to KRW7.1 trillion; sales rose 18% to KRW65.4 trillion. F/cast notable growth in 2Q21 chip profit, driven by insatiable demands for servers and a better market landscape.
Some concerns also that bank loans to the Samsung family to pay the inheritance bill could impact other lending
Kospi opened higher after the Fed comments and tested 3,200 in the first 5 minutes but then sold down to 3,160 in the next 40 minutes before bouncing back and working back to test 3,200 again 2 hours later. Having failed a second time it then trended lower initial support around yesterday’s closing level but then sold off to close -7pts (-0.2%) 3,174
Kosdaq traded a similar pattern; tested 1,005, sold down to 985, worked back to 1,003 but then trended lower with support at 990 level being tested a couple of time before closing -8pts (-0.8%) @ 991
Pre market tomorrow Industrial Production, Retail Sales, Manufacturing Production and Construction Output Monday short selling resumes
Opened higher at 17,650 and rose to 17,675, then sold down to 17,590 before working higher to test 17,700 but lacked momentun and trended lower for the rest of the session finding support at yesterday’s closing lever around midday and traded sideways to close flat @ 17,567 Tomorrow after market GDP Growth Rate
CONNECT FLOWS (no southbound trading)
Northbound RMB 48,118m Sell 21,707m : 26,411m Buy
Northbound RMB 51,814m Sell 25,715m : 26,099m Buy
AIA (01299.HK) +3.7%
HKEX (00388.HK) -1.8%
CCB (00939.HK) -1.2%
PING AN (02318.HK) +1%
TENCENT (00700.HK) +0.6%
BABA (09988.HK) -0.1%
MEITUAN (03690.HK) -0.1%
HSI & HSCEI Constituents on Move:
ENN ENERGY (02688.HK) +5%
BUD APAC (01876.HK) +4.3%
CHINA GAS HOLD (00384.HK) + 3.1%
HSMI & HSSI Constituents on Move:
BYD ELECTRONIC (00285.HK) -12%
HOPE EDU (01765.HK) -12%
REDCO GROUP (01622.HK) +10.6%
MEIDONG AUTO (01268.HK) +4.2%, hitting new high
FOSUN PHARMA (02196.HK) +3.9%, hitting new high
CHINA COAL (01898.HK) +2.9%, hitting new high
HOPSON DEV HOLD (00754.HK) +2.4%, hitting new high
SWIRE PACIFIC A (00019.HK) +1.8%, hitting new high
MARKET HOURS NEWS.
Australian winemakers exported only AUD12 million worth of wines to China for the four-month period between December 2020 and March 2021, down 96% year-on-year, data from the industry body Wine Australia showed. The slide was driven by China's tariffs on imported Australian wines.
Macao Public Security Police Force told reporters that the hotel booking volume during "May 1 Golden Week" has shot up to 80%.
HENDERSON LAND (00012.HK) has issued the first price list for THE HENLEY I, involving 96 flats in floor area of 274-889 sq. ft.. Based on the highest discount 5%, the sales prices of the Kai Tak residential project range $7.489-27.72 million.
HKEX (00388.HK) celebrated the third anniversary of the new listing regime, which included allowing pre-revenue biotech companies, new economy companies with weighted voting rights (WVR) structures, and qualified overseas listed companies to raise capital in Hong Kong as secondary listed companies. The introduction of the new listing regime has helped to transform the local markets, said Interim Chief Executive Calvin Tai. The exchange has become the go-to international capital market for New Economy companies, and is already the world’s second-biggest biotech fundraising hub.
TENCENT (00700.HK)'s Tencent Cloud had been the cloud service provider for China Import and Export Fair (also known as "Canton Fair") for three consecutive terms. Held virtually during 15-24 April, the 129th Canton Fair boasted 16 major types of commodities, 50 exhibition zones and over 2.7 million products (comprising 820,000 news items) uploaded by exhibitors.
Chinese regulators are preparing to impose at least RMB10 billion fine on TENCENT (00700.HK) over antitrust allegations, Reuters learnt from people with direct knowledge of the matter, after BABA-SW (09988.HK) had earlier been fined USD2.8 billion therefor.
HSBC announced that the best lending rate will remain intact at 5%. The previous adjustment traced back to 1 November 2019 when the rate was cut by 12.5 bps.
China's online retail market tracked a solid growth in the first quarter of 2021, said Ministry of Commerce (MOC). The domestic online retail sales value reached RMB2.81 trillion that quarter, up 29.9% year-on-year according to NBS' data.
During the first quarter this year, the worldwide smartphone shipment rose 25.5% yearly to 346 million units, IDC wrote in a report.
In terms of shipment, Samsung ranked the first (75.30 million units) and Apple (AAPL.US) closely followed (55.20 million units). XIAOMI-W (01810.HK) as No.3, shipped 48.60 million units, up 64.8%.
BABA-SW (09988.HK) has recently set up an intelligent information business group based on the existing innovative business group by integrating the UC browser, smart search App Quark and novel services, Chinese media cited sources.
The US Fed’s decision to keep interest rates unchanged was consistent with market expectation, said an HKMA spokesperson. The market is closely tracking the pace of economic recovery and inflation, scale and details of the fiscal policy, and direction of the monetary policy of the US. Relevant developments are expected to be important factors affecting interest rate movement and fund flows, furthered the spokesperson, and the public should stay vigilant in managing the potential risks arising from market volatilities.
In 1Q21, China's smartphone market retrieved to 1Q19's level, according to Canalys' report. During the period, the shipment hit 92.4 million units, up over 20% yearly. By brands, Vivo took a lion's share by delivering 21.6 million units, up 79% yearly. XIAOMI-W (01810.HK)'s shipment surged 75% yearly to 13.5 million units.
STANCHART (02888.HK) is considering downsizing its Singaporean office space, likely making the biggest floor cuts by a lender in the country in recent years, Bloomberg citing insiders. The lender is weighing options to cut out some of the 21 floors it is leasing at Marina Bay Financial Center Tower 1 in Singapore's central business district. One option is to give up at least four floors, representing around 80,000 square feet.
PRE MARKET HOURS NEWS
As of the first quarter of 2021, Tesla (TSLA.US) US$2.48 billion in Bitcoin, according to its disclosures, after the EV maker had in January bought US$1.5 billion of Bitcoin.
Christopher Hui, Secretary for Financial Services and the Treasury, at the LegCo yesterday (28 April), said the higher stock stamp duty is going to entail $20 billion more revenue to the treasury each year, if the market condition remains sturdy and robust.
Before the Government releases 1Q21 GDP figure next week, Financial Secretary Paul Chan said at the Legislative Council meeting yesterday that the growth should be "quite handsome" thanks to the low base effect. The Government will update FY21 growth forecast in mid-May, as compared with 3.5-5.5% as projected in the Budget.
Earlier report had said Chinese watchdog is probing BABA-SW (09988.HK)'s Ant Group for the fast-track IPO approval it obtained last year in Hong Kong and China. Asked whether any regulator had inquired the Hong Kong Stock Exchange about the fast approval, HKEX (00388.HK) Interim CEO Calvin Tai said during a conference call that he would not respond to individual case.
CKH HOLDINGS (00001.HK) announced that it agreed to extend the exclusive negotiation period with Ooredoo Q.P.S.C. (Ooredoo) on the merger of the company's subsidiary PT Hutchison 3 Indonesia and Ooredoo's subsidiary PT Indosat TBK's Indonesian telecommunications business to 30 June 2021. Both sides have been conducting constructive discussions, but more time is needed to reach a final consensus.
Tesla has fully repaid the US$614-million loan facility related to expenses of its Shanghai Gigafactory, meaning the loan contract was terminated, according to the carmaker's filings with the US SEC. Following, the untapped US$758 million under the fixed asset credit comprised in Tesla's debt and financial lease tables will no longer be available.
Apple announced that its net income burgeoned 1.1 times to US$23.63 billion for the fiscal second quarter ended March 27, 2021, with a diluted EPS of US$1.4, beating consensus of US$0.99. The giant warned of several billion dollars of sales slide amid global chip shortage.
CMGE (00302.HK) announced a plan to place 257.9 million shares to BILIBILI-SW (09626.HK), Wide Fortune and Century Network. The Subscription Price of HK$3.3 per Subscription Share represented 9.84% discount to yesterday's closing price. The estimated net proceeds from the Subscription were HK$849 million.
Macao Statistics and Census Service (DSEC) indicated that a total of 120 hotels & guesthouses were open for business in March 2021, an increase of 7 year-on-year; number of available guest rooms rose by 5.8% to 36,000. Data on hotels & guesthouses designated for medical observation were excluded in the compilation of the results. Attributable to a rise in overnight visitors, the average occupancy rate of guest rooms stood at 55.3%, representing a growth of 16.9 percentage points month-to-month and an upsurge of 32.1 percentage points year-on-year. The number of guests checked into hotels & guesthouses leapt by 1.6 times year-on-year to 622,000 during the month, with Mainland guests (539,000) soaring by 2.2 times. The average length of stay of guests shortened by 0.1 night year-on-year to 1.7 nights.
MGM Resorts International released unaudited results for the first quarter ended March 31, 2021 that MGM CHINA (02282.HK)had delivered total revenue up by 8.8% yearly to $2.299 billion; total adjusted EBITDA was $84.363 million, as compared with $123 million in a year ago's EBITDA loss.
MAANSHAN IRON (00323.HK) announced 2021 first quarterly report. Net profit attributable to equity holders was RMB1.511 billion, up 299.8% yearly. EPS equaled 19.62 fen.
CEB BANK (06818.HK) announced the first-quarter result ended March 2021. The net profit amounted to RMB11.515 billion, up 6.3% yearly. EPS was 18 fen.
CPIC (02601.HK) announced report for the first quarter of 2021 prepared in accordance with the PRC Accounting Standards for Business Enterprises. Net profit amounted to RMB8.547 billion, up 1.9% yearly. EPS equaled 89 fen.
CITIC SEC (06030.HK) announced the first-quarter result ended March 2021. The net profit amounted to RMB5.165 billion based on the PRC GAAP, up 26.7% yearly. EPS was 40 fen.
CHINA LONGYUAN (00916.HK) announced that for the first quarter ended 31 March 2021, net profit burgeoned 28.2% yearly to RMB2.552 billion.
E-HOUSE ENT (02048.HK) announced the issue of 132 million new shares to Taobao China, a wholly-owned subsidiary of BABA-SW (09988.HK); 133 million new shares to the Company's substantial shareholder Zhou Xin; and 66.6666 million new shares to the independent third party Yunfeng. It will raise funds of HK$2.49 billion in total.
The Company will also acquire from Alibaba Investment an 85% equity interest in TM Home, the JV Tmall Haofang online real estate marketing and transaction platform, making the latter a wholly-owned subsidiary of the Company. The consideration will be HK$1.86 billion, which will be settled by way of the issue of 248 million Consideration Shares.