March 12 HK/China Wrap HSI tanks -646pts but T/O flat as 60 new covid cases reported

12 Mar

This and previous notes can be found at
I’ll be on RTHK’s Money Talk Monday morning do listen is in if you have time and drop me a line if you have a topic for discussion.

HSI -646pts (-2.2%) 28,740 HSCEI -168pts (-1.5%) 11,173 T/O HK$225.47bn (+4.7% DoD) 

Markets opened lower as US T10 rose during Asian trading to hit 1.6% intraday. Despite the ECB pledge to increase bond buying.
FTSE opened lower but trading sideways and testing higher as UK economy contracted less than expected. CAC trading sideways around flat and DAX opened lower and drifting lower.
Tech under pressure, most sectors in the red and only Banks +VE
AstraZeneca under pressure after use of its vaccine was suspended in Denmark, Norway and Iceland over reports about blood clotting in some people who had received the shot.
Data due
Industrial Production Jan +0.1% YoY vs -0.2% Dec revised (F/cast was -3%)
Industrial Production Jan +0.8% MoM vs -0.1% Dec revise (F/cast was +0.2%)
Inflation Rate Feb +1.3% YoY vs +1% Jan (F/cast was +1.3%)
Inflation Rate Feb +0.7% MoM vs +0.8% Jan (F/cast was +0.7% )
Balance of Trade Jan GBP -1.6b vs -6.2b Dec (F/cast was -4.8b)
GDP Jan vs Dec (F/cast was )GDP Jan vs Dec (F/cast was )
GDP 3mth Ave Jan -1.7% vs +1% Dec (F/cast was -2.8%)
Construction Output Jan -3% YoY vs -3.9% Dec (F/cast was -4.8%)
Industrial Production Jan -1.5% MoM vs +0.2% Dec (F/cast was -0.7%)
Industrial Production Jan -4.9% YoY vs -3.3% Dec (F/cast was -4%)
Manufacturing Production Jan -5.2% YoY vs -2.5% Dec (F/cast was -3.7%)
Manufacturing Production Jan -2.3% MoM vs +0.3% Dec (F/cast was -1%)
Goods Trade Balance Jan GBP -9.826b vs -14.315b Dec (F/cast was -12.2b)
Due later NIESR Monthly GDP Tracker for Feb (Jan was -2.5% (F/cast is -3.2%)

US Futures
Opened flat in Asian time but work higher until the US T10 yield jumped to 1.6% Dow reversed from +60pts to -20pts , S&P reversed from +0.2% to -0.6% and NDX from +0.2% to -0.1%
The U.S. 10-year Treasury note yield rate advanced after midday (Hong Kong time), once peaking at 1.6% after 3pm. It last printed at 1.59%.
Pre market Tesla, Twitter and Netflix opened lower
Data due PPI, Core PPI, Michigan Data Prelim (Current Conditions, Consumer Sentiment, Inflation Expectations, Consumer Expectations, 5 year Inflation Expectations), Baker Hughes Rig Data, US Budget Plan.
Earnings Buckle

CSI 300 closed +18pts (+0.3%) @ 5,146
CSI 300 opened slightly higher at 5,153 but sold down in the first 80mins to 5,087, but then worked higher to 5,140 at lunch. PM opened slightly higher but eased back to yesterday’s close and then saw choppy trading around that level until the last half hour when it rallied to close just off the day high; suggests Team China support.
Sentiment mixed some hope for better US/China relations on the basis of next weeks meeting in Alaska others are more cautious after the international condemnation about imposing legal changes on Hong Kong’s election system.
Leaders were Electricity, carbon-neutral, environmental protection, cement, autos and coal.
Laggards were semiconductor and other tech components, online games and pharma.

Shanghai Comp +16pts (+0.5%) @ 3,453
Shenzhen Comp +31pts (+0.2%) @ 13,897
ChiNext flat @ 2848
No data yet but could get FDI (YTD) and on Monday we get House Price Index on the open and NBS Press Conference, FIA, Industrial Production, Retail Sales, Unemployment

HSI Pre market Opened @ 29,550 +164pts vs -95pts ADR’s with Ecommerce +VE but AIA -2% after results.
Market sold down with support at 29,200 which it tested a few times before a bounce to 29,300 and close for lunch at 29,311. PM opened higher but trended lower with the morning support at 29,200 holding until around 3pm when selling increased on news of a potential 5th wave of covid with over 60 cases reported -VE Retail, Consumer, Developers.
HSI rebalance at the close had little impact apart to increase the T/O. AIA got hammered into the close having been weak all day after poor results. Chinese Financials weak along with Tech.

AUTOHOME-S (02518.HK) opened at $183.3 in gray market, up around 4% against the listing price of $176.3, PhillipMart data showed. It last posted at $189.5, up 7.5%, on volume of 51,000 shares. Autohome (ATHM.US) +2.980 (+3.066%) closed up 2.9% last night to US$100.

Industrial Production Q4 -6% YoY vs -7.4% Q3 (F/cast was -5%)
HKMA released today (March 12) the key analytical accounts of the Exchange Fund at the end of February 2021.   Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$24.7 billion to HK$4,043.4 billion.
The Centre for Health Protection reported 40 new covid cases (vs 22 Thursday) with 47 from Ursus Fitness.  There were more than 20 initially positive cases with 5 from unknown origins

SHORT SELLING Friday 14.3% vs 12.8% Thursday
Top Shorts  MTRC (66) 42%,  Bud Apac (1876) 40%, Bank of China (3988) 32%, Ping An (2318) 29%, ICBC (1398) 28%,  Sino Biopharm (1177) 26%, Hang Seng Bank (11) 25%,
Earnings due Monday incl Car Inc (699), Shimao Services (873), CSPC Pharm (1093), China Aircraft Leasing (1848).
Busy week next week with earnings due from: Yuexiu (123) Rusal (486) ZTE (763) CK Life  Ausnutria (1717), Evergrande Property Services (6666), Power Asset (6), HK and Shanghai Hotels (45), Clear Media (100)CK Infrastructure (1038), Modern Land (1107), Nexteer Auto (1316), Samsonite (1910), Sunny Optical (2382), Hutch (1), Sany (731), Kerry Property (683), China Sate Const (830), Town Gas (1083), CK Assets (1113), China Lilang (1234)  Xtep (1368), Stella (1836), Li Ning (2331), HK China Gas (3), UniPresident (220), Fountain Set (420) Hengan (1044), Chongqing Iron (1053), SinoPharm (1099), Zijin Mining (2899), China Merchant Bank (3968)and others.

HARBIN BANK (06138.HK) announced that the Bank received the Approval of Heilongjiang Regulatory Bureau of CBIRC in relation to the Qualification of Deng  Xinquan today, in which the qualification of Deng Xinquan as the Chairman of the Bank was approved, with effect from 11 March 2021.
BIDU-SW (09888.HK)’s IPO registered almost $24.2 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $1.401 billion, the IPO was over-subscribed by approximately 16.3 times.
HNA TECH INV (02086.HK) PROFIT WARNING  for the year ended 31 December 2020, expecting a net loss of HK$22.4 million for the year ended 31 December 2020, as compared with the net loss of HK$8.3 million for the year ended 31 December 2019.
HKEX (00388.HK) announced that it will implement enhancements to the Volatility Control Mechanism (VCM) and Pre-Opening Session (POS) in its derivatives market on 12 April. The VCM is currently applied to the spot month and next calendar month contracts in the Hang Seng Index (HSI) Futures, Mini-Hang Seng Index (MHI) Futures, Hang Seng China Enterprises Index (HHI) Futures and Mini-Hang Seng China Enterprises Index (MCH) Futures, which only allows a maximum of one trigger per trading session.  The enhancement will allow multiple triggers in each day trading session, to better safeguard market integrity.
Financial Secretary Paul Chan said he will uphold financial discipline by synchronizing expenditure with income and economic growth. The Government will rebuild the image of Hong Kong after the hard time last two years, added Chan. In the future, they will put more efforts in propaganda and set up new overseas offices.
TINGYI (00322.HK) announced that the board of directors has resolved to terminate the ADR facility and has given notice to The Bank of New York Mellon as the depository bank for the termination of the facility.  The ADR facility (TCYMY) will terminate at 5:00 p.m. (U.S. Eastern Time) on 10 May 2021.
CHINA LIFE (02628.HK) announced that the accumulated premium income of the Company for the first two months of 2021 was about RMB254 billion, up 11.4% yearly.
HANG SENG BANK (00011.HK) announced the launch of BIDU-SW (09888.HK)’s IPO
subscription offers from the 12th to the 17th of March
. Through Hang Seng Invest Express' App, customers can be waived from the $100 subscription fee. The actual annual interest rate is as low as 0.9%.
The 77A Peak Road's house owned by WHARF HOLDINGS (00004.HK) was sold at over $590 million. The buyer is purportedly Li Haixiang, having the same name as a TENCENT (00700.HK) co-founder and former Senior Executive Vice President. Li quitted TENCENT in 2012.
Ministry of Foreign Affairs of the PRC (MoFA), commenting on the strategic top-tier dialogue to be held between the US and China, said the specific topics for the dialogue are subject to the negotiation between the two nations. China hoped both sides could be honest with one another regarding issues of mutual concerns. Besides, China will take the dialogue as an opportunity to define its stance.
Japanese Prime Minister Suga said today he is interested to pay a visit to the U.S. in early-April and meet with U.S. President Biden, Kyodo News reported. He anticipates to foster the tie between Washington and Tokyo and deepen their relationship in order to realize a more liberalized Indo-Pacific region, disclosed Yoshihide.
China's Ministry of Industry and Information Technology (MIIT) unveiled the 3rd list of notification on mobile apps' user rights infringement for 2021.  136 apps under the list have yet to complete rectification so far, including Tencent Phone Butler. These apps are required to finish the rectification task by 17 March.
Centa-City Leading Index (CCL) last printed at 178.89, up 0.97% weekly to a 29-week high. CCL Mass climbed 0.55% weekly to 181.34; and CCL (small-to-medium units) rose 0.71% weekly to 179.12. The data reflected a notable home price uptick in the first week post-Spring Festival, said the research department of Centaline Property.
The three key CCL indices hiked for three weeks altogether, where CCL +1.58%, CCL Mass +1.65% and CCL (small-to-medium units) +1.66%.
The Insurance Authority (IA) announced that for 2020, Hong Kong saw a growth of total gross premiums by 4.9% to $608.4 billion over 2019. New office premiums attributable to Mainland visitors contracted to $6.8 billion in 2020 (decreased by 84.3% YoY), representing 5.1% of the total for individual businesses.
*PETROCHEMS WEAK consolidation despite Oil rising overnight in a week that has seen sentiment of improving demand outweighing inventory increases. CNOOC (883 HK -3.4%) after it made a written request to NYSE Wednesday to reverse its decision to delist the company’s American depositary shares. PETROCHINA (857 HK unch),  SINOPEC (386 HK -0.7%) CH OILFIELD (2883 HK -2.3%) after yesterday’s strong rally.
*TECH & COMPONENTS WEAK On news US restrictions remain intact and the US has informed some suppliers of tighter conditions on previously approved export licenses regarding Huawei; prohibiting more items for use in or with 5G devices. It undermines the rally yesterday'on the news that the China's semiconductor industry group will form a working group with its UScounterparts.  HUA HONG (1347 HK -6.5%) SUNNY OPT  (2382 HK -4.7%) TRULY (732 HK -4%). XIAOMI (1810 HK +4.1%) on news it plans to buy back shares up to HK$10b.
*E-COMMERCE PLATFORMS WEAK  They had opened higher but sold down on news TENCENT (700 HK -4.4%) that it was censured by China's antitrust watchdog as Beijing expands a crackdown on fintech. Market speculaties Tencent will probably be required to establish a financial holding co. to include its banking, insurance, payments services. MEITUAN (3690 HK -3.3%) JD (9618 HK -4.8%) BABA (9988 HK -0.7%).
*POWER & RENEWABLE ENERGY STRONG as the NDRC called on financial institutions to roll over or renew loans for renewable energy companies with growth prospects but under short-term debt pressure. CGN NEW ENERGY (1811 HK +6.3%) GOLDWIND (2208 HK  +1.4%). POWER PLANTS saw support after news said they will be the first batch to participate in carbon trading market, which will be launched in the coming months; HUANENG (902 HK +2.6%) HUADIAN (1071 HK +1.4%) DATANG (991 HK +6.8%).
*INSURERS  WEAK after AIA (1299 HK  -5.3%) dragged HSI 157pts lower as results missed due to closed boarder with China and no indication of when it will reopen. NCI (1336 HK -0.7%) 2-month premium inocme +11.5% YoY to 44.9b yuan.
*AFTER RESULTS CH UNICOM  (762 HK -4.4%), MTRC (66 HK -4.3%)

Regional Markets
ASX 200 rallied initially and then worked higher to 6,780 where is hit resistance and sold down to 6,750 level before bouncing back then trading sideways for the rest of the day to close +53pts (+0.8%)@ 6,767.
Energy +1.8% and materials subindexes +1.7% as oil stocks and major miners mostly advanced.
Nikkei 225 opened slightly higher but tested yesterday’s closing level in early trades before working higher into lunch. PM it resumed working higher to the day high 29,744 before easing slightly, but then working slightly better to close +506pts (+1.7%) @ 29,718
Topix traded in a similar pattern, with resistance at 1,950 and closed on an uptick +26pts (+1.4%) @ 1,951
BSI Large Manufacturing Q1 1.6 QoQ vs 21.6 Q4 (F/cast was 10)
Tech shares bounced +VE Kospi Samsung Electronics, SK Hynix and LG Electronics all positive. Coupang (CPNG.US), backed by SoftBank’s Vision Fund, finished its first trading day in the U.S. at US$49.25, up 40.7% against the listing price US$35 but off initial high
Kosdaq opened higher and rallied to 924 in the first hour, then eased back to 919 before working higher to close +18pts (+1.9%) @ 926
Kospi opened higher and tested 3,060 in early trades then pulled back to 3,040 and traded in that band to close +41pts (+1.4%) @ 3,054
Opened higher and tested to 16,300 in early trades before puiing back to 16,200 and bouncing again but the trend through the morning was lower, hitting yesterday’s close around 11am, which was the day low. Then rallied to 16,227 and traded sideways until a spike in the last few minutes to close +76pts (+0.5%) @ 16,255
CONNECT FLOWS (flows flat DoD)
Northbound RMB 53,989m Sell 26,238m : 27,751m Buy
Southbound HK$ 24,013m Sell 12,121m : 11,892m Buy
Northbound RMB 59,732m Sell 30,209m : 29,523m Buy
Southbound HK$ 24,538m Sell 10,552m : 13,986m Buy

Active Heavyweights
AIA (01299.HK) -5.3%
TENCENT (00700.HK) -4.4%
MEITUAN (03690.HK) -3.4%
CCB (00939.HK) -2.3%
PING AN (02318.HK) -2%
HKEX (00388.HK) -1.6%
BABA (09988.HK) -0.7%

HSI & HSCEI Constituents on Move:
SUNAC (01918.HK) +7.1%
HAIDILAO (06862.HK) -4.9%
JD (09618.HK) -4.8%
SUNNY OPTICAL (02382.HK) -4.7%
SMIC (00981.HK) -4.5%
CHINA UNICOM (00762.HK) -4.3%
MTR CORPORATION (00066.HK) -4.3%
XIAOMI (01810.HK) +4.1%
CPIC (02601.HK) -3.8%
CHINA RES GAS (01193.HK) +3.5%
CNOOC (00883.HK) -3.4%
WUXI BIO (02269.HK) -3.3%
CHINA FEIHE (06186.HK) -3.1%

HSMI & HSSI Constituents on Move:
EB ENVIRONMENT (00257.HK) +10.9%, hitting new high
CHINAHONGQIAO (01378.HK) +7.6%, hitting new high
DATANG POWER (00991.HK) +6.8%, hitting new high
SITC (01308.HK) +4.5%, hitting new high
DAHSING BANKING (02356.HK) +0.1%, hitting new high

Rakuten announced placement of 211 million shares to TENCENT (00700.HK), Japan Post and Walmart. In particular, TENCENT's Image Frame Investment plans to subscribe for 57.3829 million shares, involving JPY65.7 billion (around HKD4.68 billion).
BOC HONG KONG (02388.HK) announced the introduction of BIDU-SW (09888.HK)’s
IPO financing subscription and subscription fee waiver.
For example, the annual interest rate of financing subscription is as low as 0.68%, and the financing ratio is as high as 90%.
HSBC HOLDINGS (00005.HK) CEO Noel Quinn and his top lieutenants were pressed to conduct a conference call with employees of global banking and marketing department, explaining the reasons for bonus reduction of the department, Bloomberg cited sources.  The related decision had miffed the staff of the division, which had posted 3% annual increase in last year's revenue, report said.
SoftBank-backed Grab is in talks to float its shares in the U.S. through a merger with a special purpose acquisition company (SPAC), which may value the Southeast Asian ride-hailing startup at US$40 billion, people familiar with the matter were quoted as saying by Reuters.
MTR CORPORATION (00066.HK)'s THE SOUTHSIDE Phase 6, to close letter of intent (LoI) collection today, has received 38 LoIs including ones from COUNTRY GARDEN (02007.HK), ChinaChem, Empire Group, CHEVALIER INT'L (00025.HK), SEA HOLDINGS (00251.HK), EMPEROR INT'L (00163.HK), CIFI HOLD GP (00884.HK), Wheelock Properties, etc., according to on-site witness.
SINOLINK SECURITIES (600109.SH) in the late afternoon said it came to the company's knowledge that JD-SW (09618.HK) is purportedly in talks to acquire some or all shareholdings of the company in a deal as high as USD1.5 billion.  Upon investigation with the actual controller and controlling shareholder, SINOLINK SECURITIES confirmed that it has so far not approached or discussed with JD-SW in respect of equity disposal, underscoring the company has not planned for any matters related to equity transfer, and there is not any disclosable information that has not been disclosed.
JD-SW (09618.HK) at lunchtime it was rumoured that it is in talks to acquire some or all of SINOLINK SECURITIES (600109.SH) in a deal as high as USD1.5 billion, Reuters learnt from inside sources on the news  SINOLINK SECURITIES was limit up at RMB14.19.
At lunch press conference AIA (01299.HK) Said as Hong Kong has yet to resume Mainland tourism business under border closure, the CEO expected the group's Hong Kong operation to remain undermined by the pandemic. However, he could not comment on the insurer's 2M21 performance on certain markets. AIA has seen a business revival since Macau's border reopening with China last October, said Regional CEO Jacky Chan. 30% of the city's new business stemmed from Chinese visitors in 4Q20.
At lunch local press rumoured HK would report 60 new covid cases todayAt lunch S-ENJOY SERVICE (01755.HK) announced annual result ended December 2020. The net profit amounted to RMB452 million, up 60.4% yearly. EPS was RMB0.55. A final dividend of RMB0.275 was declared.
TENCENT (00700.HK) has lodged a jurisdiction opposition at Beijing Intellectual Property Court, seeking to transfer the antitrust lawsuit filed by Douyin back to Shenzhen Intermediate People’s Court for further trial, Chinese media reported. This marked the first inter-online-platform antitrust lawsuit in China.
CLP HOLDINGS (00002.HK)  announced that the wholly-owned subsidiary, EnergyAustralia has reached a settlement agreement with Lochard Energy on the litigation arising from the disposal of the Iona Gas Plant. The trial for the proceedings was scheduled to commence in May 2021. The parties recently participated in a mediation that commenced in early March and has resulted in the Settlement on 11 March 2021.
CATHAY PAC AIR (00293.HK) announced that the group carried a total of 21,100 passengers last month, a decrease of 97.9% YoY. The airline carried 82,300 tonnes of cargo and mail last month, -30.7% YoY.  It will only maintain basic passenger flights before the end of March, said Group Chief Customer and Commercial Officer Ronald Lam, anticipating the daily passenger traffic below 600. In terms of cargo freight, the carrier is prepared to transfer more coronavirus vaccines, added Lam, thus expecting the robust freight performance to go on through 2021.
Ant Group unveiled the rules of self-discipline for its digital finance platform, specifying duties and obligations regarding consumer rights protection, data protection, platform governance, etc.  For instance, Ant is required to combat implicit marketing on its wealth management platform.
Denmark, Iceland and Norway have suspended the inoculation of AstraZeneca's Covid vaccines, reported foreign media. The European Medicines Agency is proving into reports of a Danish patient dying of blood clots after vaccination.  Also news The number of people with adverse effects after Covid jabs in South Korea rose to 7,648, reported Yonhap.7,567 of them were vaccinated with AstraZeneca's vaccine, making up 98.9% of the total.
JD-SW (09618.HK) announced that JD Property, the company's infrastructure asset management and integrated service platform, received non-redeemable series A preferred share financing with co-lead investors Hillhouse Capital and Warburg Pincus, involving US$700 million.  JD Property will further strengthen its infrastructure property management capabilities and its position as a leading player in high-quality infrastructure properties development and operations. will remain the majority shareholder of JD Property after the completion of this transaction.
In February 2021, the top grossing mobile game worldwide was TENCENT (00700.HK)'s PUBG Mobile, whose player spending grew 16.2% yearly to US$250 million, according to Sensor Tower. Honor of Kings closely followed.
The secondary listing of BIDU-SW (09888.HK) in Hong Kong has been fully subscribed, reported IFR. BIDU-SW’ entry fee is almost $14,899 per board lot of 50 shares.
AUTOHOME-S (02518.HK) was priced at $176.3, below its previously-announced indicative offer price.  10.7 times of subscription was recorded in its public offering. One-lot success rate was 35%.
STANCHART (02888.HK) announced that it had on 11 March repurchased 1.9103 million shares on London market, involving GBP9.2145 million.
IDREAMSKY (01119.HK) announced that, on March 11, 2021, the company and substantial shareholder TENCENT (00700.HK)'s Tencent Technology entered into the QQ Family Cooperation Agreement. Pursuant to the Agreement, Tencent Technology agreed to grant to Shenzhen iDreamSky Entertainment a non-exclusive and nontransferable license of the QQ Family IPs, with a cooperation term from March 1, 2021 to February 28, 2026.  Pursuant to the QQ Family Cooperation Agreement, within the first three years of the term of the Agreement, Shenzhen iDreamSky Entertainment may launch a total of 150 QQ Family-themed offline stores directly operated by the Group within popular commercial area in first- and second-tier cities of the PRC.
MORIMATSU INTL (02155.HK), previously scheduled to go public on 15 March, announced that additional time is necessary to finalize the Announcement and to obtain clearance from the regulators, so there will be a delay in the listing timetable of the Company.
SUNAC (01918.HK) announced FY20 results that revenue was RMB230.587 billion, representing a growth rate of 36.2% as compared to last year; profit attributable to owners of the Company was RMB35.644 billion, representing a growth rate of approximately 36.9% as compared to last year; basic EPS equaled RMB7.82. Final DPS was RMB1.65; core net profit was RMB30.26 billion, representing a year-on-year increase of 11.8%.
The Biden administration amended licensing conditions this week for companies to supply goods to Huawei, further restricting them from selling the Chinese smartphone makers items that can be used with 5G devices, inside sources were quoted as saying by Reuters. The U.S. Commerce Department refused to comment thereon, saying the information is confidential.
AIA (01299.HK) released the annual results for the year ended 31 December 2020. Net profit dropped 3.3% yearly to US$5.779 billion, above the median forecast of US$5.365 bn EPS equaled US49.27 cents. The Board recommended a final dividend of HK100.3 cents per share.  Last year, the value of new business (VONB) went down 33% yearly to US$2.765 billion, below the median forecast of US$2.828 billion.
China's antitrust regulators are weighing a record fine against BABA-SW (09988.HK) over anti-competitive practices, which may exceed the US$975 million one paid by Qualcomm in 2015, WSJ citing insiders. Chinese watchdog is still considering whether BABA-SW should strip certain assets unrelated to its key online retailing business, while the giant has to end the “choose one out of two” practice.
REF HOLDINGS (01631.HK) announced annual results ended December 2020. Net profit was $18.27 million, down 45.5% yearly. EPS equaled 7.14 cents. Final DPS was 30 cents.
OCT (ASIA) (03366.HK)  announced a proposal to seek the approval of the Shareholders for the grant of the Disposal Mandate to dispose of up to 46.925 million TONGCHENG-ELONG (00780.HK)  shares on-market.
XIAOMI-W (01810.HK) announced that the Board formally resolved to utilize the Share Repurchase Mandate to repurchase shares in the open market from time to time at a maximum aggregate price of HK$10 billion.  The share repurchase reflects the Company’s confidence in its current and long-term business outlook driven by the execution of the Smartphone x AIoT strategy.
STANCHART (02888.HK) revealed that on 10 March, it had repurchased a total of 1.8301 million shares on London Stock Exchange, Turquoise, Chi-X, BATS and Aquis UK at GBP4.868-4.993 per share, involving roughly GBP9.0045 million.
WINFAIR INV (00287.HK) announced that it had acquired a total of 110,000 shares of BABA-SW (09988.HK) through a series of transactions in the open market during the period from 6 November 2020 to 11 March 2021 at an aggregate consideration of HK$27.222 million.

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