Feb 26 HK/CHINA WRAP Broad selling HSI -1,094pts T/O +25% CSI 300 -133pts

26 Feb

HSI -1.094pts (-3.6%) 28,980  HSCEI -470pts (-4%) 11,247  T/O HK$320.23bn (+24.7%DoD but includes MSCI re balance) 

Markets opened lower sharply lower with all sectors in the red, following Asia on inflation fears. Then rallied back before drifting lower again.Earnings out from IAG which rallied; despite suffered a full-year operating loss of 7.4 billion euros ($9 billion), its largest in history, as the Covid-19 pandemic grounded aircraft around the world for a substantial portion of 2020.
Earnings due from LafargeHolcim, BASF, Deutsche Telekom, Suez and Engie.
Import Prices Jan -1.2% YoY vs -3.4% Dec (F/cast was -2.6%)
Import Prices Jan +1.9% MoM vs +0.6% Dec (F/cast was +0.5%)
GDP Growth Rate Final Q4 -1.4% QoQ vs +18.7% Q3 (F/cast was -1.3%)
Inflation Rate Prelim Feb +0.4% YoY vs +0.6% Jan (F/cast was +0.5%)
Inflation Rate Prelim Feb -0.1% MoM vs +0.2% Jan (F/cast was -0.1%)
Household Consumption Jan -4.6% vs +22.4% Dec revised (F/cast was -4.6%)
PPI Jan +1.2% vs +1.1% Dec revised
Unemployment Benefit claims Jan -33.1k vs +0.5k Dec (F/cast was +27k)
Jobseekers Total Jan 3.5537m vs 3.5868m Dec (F/cast was 3.6138m)
Car Production Jan -27.3% vs -2.3% (F/cast was -18%)

US Futures 
Opened in Asia Dow -100pts but eased back to flat in the first few minutes, S&P unch and NDX -0.1% but seeing volatile trading currently Dow -60pts, S&P & NDX slightly higher.
Data due
Personal Income and Spending, PCE Price Index,Wholesale Inventories, Goods Trade Balance, Core PCE Price Index, Chicago PMI, Michigan Data Final (Consumer Sentiment, Consumer Expectations, Current Conditions, 5 year Inflation Expectations, Inflation Expectations), Baker Hughes Rigs Count, US Budget Plan.
Earnings: Fluor, Cinemark, Draft Kings, Foot Locker, AMC Networks, Berkshire Hathaway (Saturday).

CSI 300 closed -133pts (-2.4%) @ 5,337
CSI 300 opened @ 5,344 (-125pts) following the US sell off and concerns about US/China relations. It initially dipped to 5,319 in early traded but then worked back to 5,416 mid morning before selling back down into lunch. PM tested 5,318 level a few times before bouncing to around 5,377 but then sold down at the end but closed off the day lows.Broad selling lead lower by Non-Ferrous Metal names that had rallied recently. But environmental protection concept stocks rose strongly.
Shanghai Comp -76pts (-2.1%) @ 3,509
Shenzhen Comp -321pts (-2.2%) @ 14,507
ChiNext -63pts (-2.1%) @ 2,914
China added 11.86 million jobs in urban areas for 2020, surpassing the annual mission target, announced by Ministry of Human Resources and Social Security (MOHRSS).  The annual urban surveyed jobless rate hit 5.6% on average, below the expected regulation target.
Sunday official PMI data and on Monday the Caixin Manufacturing PMI
Pre market opened @ 29,412 or -662pts vs -440pts ADR’s Broad based sell off.
Market initial sold down to 29,200 following the US sell off, concerns on inflation and whether stimulus will be effective. Market then bounced to 29,560 but unable to move higher and sold down into lunch. PM drift lower to end just off the day low. Closing auction saw increased volatility due to the MSCI re-balance.
The Hong Kong Monetary Authority (HKMA) announced that the number of mortgage applications in January 2021 +15.1% MoM to 13,112.
Mortgage loans approved in January 2021 decreased by 1.7 per cent compared with December 2020 to HK$37.8 billion.
Hong Kong Monetary Authority, total deposits with authorised institutions increased by 9.8 per cent in January 2021. Among the total, Hong Kong dollar deposits and overall foreign currency deposits grew by 18.6 per cent and 1.0 per cent respectively. Renminbi deposits in Hong Kong increased by 10.5 per cent to RMB797.7 billion at the end of January. The total remittance of renminbi for cross-border trade settlement amounted to RMB581.3 billion in January, compared with RMB535.8 billion in December 2020.
The Hong Kong Monetary Authority (HKMA) announced that the total assets of the Exchange Fund amounted to HK$4,534.9 billion as at January 31, 2021, HK$34.1 billion higher than that at the end of December 2020.  Foreign currency assets increased by HK$22.2 billion and Hong Kong dollar assets increased by HK$11.9 billion.
Centre for Health Protection said there were 24 new COVID-19 cases in Hong Kong today; (vs 13 Thursday) with 1 from unknown sources plus 20+ initially positive cases.
JOINN (06127.HK), debut concluded the day at $138, down $13 or 8.6% against the listing price $151, on volume of 11.667 million shares and turnover of $1.675 billion.Excluding the handling fees, a book loss of $1,300 was reported per board lot of 100 shares.
SHORT SELLING Friday 11.2% vs 13.6% Thursday 
Top Shorts:  Hengan (1044) 37%, AAC Tech (2018) 28%, Bud Apac (1876) 27%, Ping An (2318) 25%,
Earnings due over weekend and Monday include Golden Financial (530), Legend Strategy (1355), San Miguel (236), Xinyi Glass (868), Xinyi Solar (968) ISDN (1656) Xinyi Energy (3868)
Hang Seng Indexes Company announced the results of its quarterly review. All changes will take effect on 15 March 2021. 
The total number of Hang Seng Index constituents will increase from 52 to 55. ALI HEALTH (00241.HK), LONGFOR GROUP (00960.HK) and HAIDILAO (06862.HK) will be included in the index.
The total number of Hang Seng China Enterprises Index constituents will be reset to 50 from current 52, adding CG SERVICES (06098.HK) and NONGFU SPRING (09633.HK) -5.200 (-9.171%) while removing CONCH VENTURE (00586.HK), PETROCHINA (00857.HK), HENGAN INT'L (01044.HK) and CHINA RES GAS (01193.HK)
The total number of Hang Seng TECH Index constituents will be reset to 30 from current 32, adding HAIER SMARTHOME (06690.HK) and GDS-SW (09698.HK) while ousting Q TECH (01478.HK), MAOYAN ENT (01896.HK), XD INC (02400.HK) and YIXIN (02858.HK).
SSY GROUP (02005.HK) announced that the profit for the year ended 31 December 2020 is expected to record a drop ranging from 40% to 50% as compared with that of the year ended 31 December 2019. Such expected drop was mainly because (i) under the impact of the COVID-19 novel coronavirus epidemic beginning in early 2020, there was a significant reduction of human traffic in hospitals which affected the sales (in particular during the first half of year 2020) of the Group’s products including intravenous infusion solutions; and (ii) while there was a one-off gain resulted from disposal of assets held for sale of HK$131 million in year 2019, there was no such gain in year 2020.
GANFENG LITHIUM (01772.HK) disclosed the preliminary financial data. Net profit achieved to RMB985 million for the year of 2020, representing a year-on-year increase of 175.2%. Basic EPS equaled RMB0.76.
Huawei Deputy Chairwoman and CFO Sabrina Meng Wanzhou filed an application at the High Court of Hong Kong, requesting for HSBC's disclosure of documents concerning her extradition case. Meng was detained by a Canadian court at Washington's request over claims that she had in 2013 misled HSBC about Huawei's deals with Iran, court papers showed.
NEW WORLD DEV (00017.HK) Executive Vice-chairman and CEO Adrian Cheng, at the online results conference, said The Pavilia Farm III atop Tai Wai MTR Station will be unrolled in the coming months, involving over 890 flats.  In Cheng's forecast, the small-and-medium housing prices may rise 5% this year, as users still want to buy their homes given temporary epidemic impact on the market. He also believed the worst for the company had been over, seeing flattish underlying earnings and revenue surge of around 10% in the latest set of results. He assumed the growth momentum will carry on in the future. NWD's swift response and rebound implied the company's a step ahead peers under an adverse cycle, he added.  The overall economy of Hong Kong was projected to grow green shoots in 2H21, he said.  With the $5,000 e-consumption vouchers to be rained to eligible Hong Kong people, Cheng believed the market to brighten in 2H21, and even record a double-digit rebound.
HUTCHTEL HK (00215.HK) announced annual result ended December 2020. The net profit amounted to HK$361 million, down 15.9% annually. EPS was HK7.49 cents.   A final DPS of HK5.21 cents was declared, against HK3.75 cents in the corresponding period of the previous year. Combined with the interim DPS, the full year DPS will be 12% more than that in 2019 and amount to HK7.49 cents.
NWS HOLDINGS (00659.HK) announced interim results ended December 2020. Net profit amounted to HK$612 million, down 59.6% yearly. EPS equaled HK$0.16. Adjusted EBITDA was HK$3.039 billion, down 3.5%. Interim DPS was HK$0.29, flattish yearly.
NEW WORLD DEV (00017.HK) announced the interim results for the six months ended 31 December 2020. Net profit dipped 0.4% yearly to HK$1.013 billion, with an EPS of HK$0.4. Interim DPS equaled HK56 cents, flattish year-on-year.  Underlying profit was HK$3.719 billion, down by 5% annually.
CCL last printed at 176.58, up 0.27% weekly. 
CCL Mass inched up 0.81% weekly to 179.84.
CCL (small-to-medium flats) gained 0.63% weekly to 177.31.
The three major indices hit their seven-week highs altogether, said the research department of Centaline Property. This reflected the market conditions for the week before Spring Festival, with an ongoing home price uptrend. Over the past four weeks, CCL +0.88%, CCL Mass +1.27% and CCL (small-to-medium flats) +1.22%.

*RESOURCES WEAK saw profit-taking after recent gains as traders bet on reflation. JIANGXI COPPER (358 HK -8%) CH RARE EARTH (769 HK -4.7%)  ZIJIN (2899 HK -11%) CHALCO (2600 HK -5.3%) MMG (1208 HK -12.8%).
*TECH WEAK as investors rotated from growth-focused stocks and turned to companies poised to benefit from an end to lockdowns. President Xi praised ALIBABA (9988 HK -4.3%) for its contribution to the mainland's ending of poverty. NTES (9999 HK -8.8%) after results; on Thursday; revenue 19.76b yuan +26% YoY and online game services net revenue 13.40b yuan, +15% YoY, meet est. MEITUAN (3690 HK -7.5%) TENCENT (700 HK -3.5%) JD (9618 HK -4.6%) WEIMOB (2013 HK -12%). KUAISHOU (1024 HK -8.6%) is an addition to MSCI China Index.
*PHARM WEAK despite positive news on vaccine roll outs. China’s National Medical Products Administration has conditionally approved the registration applications of the covid vaccines by CANSINO BIO (6185 HK -8%) and SINOPHARM (1099 HK -0.1%) Wuhan  Institute. FOSUN (2196 HK -0.3%) SINO BIOPHARM (1177 HK -1.5%) WUXI BIO (2269 HK -9%).
*HK PROPERTY WEAK despite the positive news from the budget and recent earnings.
SHKP (16 HK unchg) reported 1H underlying profit +30% YoY to HK$17.48b, net income HK$13.58b -12% YoY, revenue HK$46.07b +19% YoY.
SINO LAND (83 HK -7%) reported 1H net profit of HK$1.29b, -53.7% YoY. Underlying profit -21.3% YoY to HK$2.14b.
NWD (17 HK -5%) ahead of today's results. The HK govt will offer 15 residential sites for sale in the next fiscal year, potentially for approx 6,000 units. Among the 15, seven will be rolled over from the current fiscal year.
*CHINA PROPERTY FIRM following yesterday's strong rally, as Chinese developers +VE on the news that 22 major cities will follow the centralized land supply policy by transferring together and selling land by auction no more than three times in a year. Cities included Nanjing, Suzhou and Hangzhou. TIMES CHINA (1233 HK +1.6%) AGILE (3383 HK +0.36%) SHIMAO (813 HK +0.4%) CR LAND (1109 HK +0.4%).
*AUTOS MIXED. GREATWALL MOTOR (2333.HK +0.2%) announced that the company's Haomo Intelligent Mobility Technology Co., Ltd. completed the Pre-A round of financing led by Shougang Fund and followed by MEITUAN-W (03690.HK) and GL Ventures, totaling millions of yuan.Huawei plans to launch its own-brand electric vehicles, and is negotiating with Changan Automobile (000625.SZ) and BAIC BluePark (600733.SH) for OEM manufacturing, Chinese media reported. While a story spread that Huawei plans to launch its own-brand electric vehicles, Chinese media cited Huawei saying that the company will not produce vehicles with the strategy intact.  Huawei instead will focus on information and communication technology (ICT), be a supplier  of incremental components for smart cars, and help automakers build quality cars.GEELY's (175 HK -5.2%)  GREATWALL AUTO (2333 HK +0.16%) BYD (1211 HK -8.8%) BRILIANCE (1114 HK +0.14%)

Regional Markets
Pre market data was overall better than expected but mattered little in the face of a significant sell off on the basis of inflation fears
Nikkei opened 414pts lower and sold down a further 534pts in the first 35 minutes before rebounding to around 29,500 it then traded sideways into lunch. PM opened slightly lower and trended lower co close at the day low -1,202pts (-4%) @ 28,966. Back to the level is was in the first week a February
Topix traded in a similar pattern but saw increase selling in the last 15 minutes asa bounce failed to break above 1,880. Closed -62pts (-3.2%) @ 1,865
Construction orders out after market were much weaker than expected -VE for Monday
Data pre market
Tokyo CPI Feb -0.3% vs -0.5% Jan (F/cast was -0.2% )
Tokyo Core CPI Feb -0.3% vs -0.4% Jan (F/cast was -0.6%)
Retail Sales Jan -2.4% YoY vs -0.2% Dec revised from -0.3% (F/cast was -2.5%),
Retail Sales Jan  -0.5% MoM  vs -0.7% Dec revised from -0.8% (F/cast was -0.3%),
Industrial Production Prelim Jan +4.2% MoM vs -1% Dec (F/cast was +3%)
Industrial Production Prelim Jan -5.3% YoY vs -2.6% Dec (F/cast was -2%)
Foreign Bond Investment Yen -1,893b vs + 478.2bn revised from +477.1b
Foreign Stock investment Yen 94.1b vs 339.5bn prior revised from +330.1b
During maker hours
Housing Starts Jan -3.1% YoY vs -9% Dec (F/cast was -4%)
After market Construction Data Jan -14.1% YoY vs -1.3% Dec (F/cast was -0.6%)
Foreign and Institutions sellers turned net sellers with large cap tech stock seeing most pressure.
Kosdaq opened lower at 930 and sold down to 907 in the first 35 minutes before rebounding and trading sideways for the rest of the session to close -22pts (-2.4%) @ 914
Kospi opened only down 11pts but sold down a further 84pts in the first 35 minutes and then traded sideways/slightly lower for most of the day testing the 3,000 support from 1 pm onwards and dipping below in the last hour but then rallied back above at the end to close -87pts (-2.8%) @ 3,013
No data today but on Monday we get Balance of Trade, Exports and Imports
Opened lower at 16,190 (-262pts) and traded down to test 16,000 in the first hour despite good local data and earnings. Saw a bounce to 16,120 and then traded sideways/slightly lower for the rest of the session to close -498pts (-3%) @ 15,954
Data out after market
Current Account Q4 $27.33bn vs 26.65b Q3 (F/cast was 22.5b)
M2 Money Supply Jan +8.84% vs 8.45% Dec (F/cast was 7.9%)

CONNECT FLOWS ( increased flows )
Northbound RMB 74,535m Sell 39,555m : 34,979m Buy
Southbound HK$ 34,050m Sell 18,905m : 15,145m Buy
Northbound RMB 82,675m Sell 41,866m : 40,809m Buy
Southbound HK$ 36,789m Sell 20,312m : 16,477m Buy

Active Heavyweights
MEITUAN (03690.HK) -8.2%
HKEX (00388.HK) -5.4%
BABA (09988.HK) -4.5%
TENCENT (00700.HK) -4.2%
AIA (01299.HK) -3.8%
PING AN (02318.HK) -2.4%
CCB (00939.HK) -1.9%

HSI & HSCEI Constituents on Move:
CPIC (02601.HK) -10.7%
NTES (09999.HK) -8.7%
WUXI BIO (02269.HK) -7.9%
PSBC (01658.HK) -7.1%
CM BANK (03968.HK) - 7%
CNOOC (00883.HK) -6.2%
BUD APAC (01876.HK) -6%
ALI HEALTH (00241.HK) -5.8%
XIAOMI (01810.HK) -5.8%
ANTA SPORTS (02020.HK) -5.5%
CHINA RES BEER (00291.HK) -5.3%
GEELY AUTO (00175.HK) -5.3%
SUNNY OPTICAL (02382.HK) -5.2%
CKH HOLDINGS (00001.HK) -5.1%
SINOPEC CORP (00386.HK) -5.1%
JD (09618.HK) -4.8%
MENGNIU DAIRY (02319.HK) -4.5%
HAIDILAO (06862.HK) -4.4%
GALAXY ENT (00027.HK) -4.3%
EVERGRANDE (03333.HK) -4.2%
TECHTRONIC IND (00669.HK) -4.1%
CK ASSET (01113.HK) -4.1%
SANDS CHINA LTD (01928.HK) -4%
NEW WORLD DEV (00017.HK) -3.8%
BANKCOMM (03328.HK) -3.7%
SMIC (00981.HK) -3.7%
WHARF REIC (01997.HK) -3.6%
PETROCHINA (00857.HK) -3.5%
ICBC (01398.HK) -3.4%
HANG LUNG PPT (00101.HK) -3.4%
CONCH VENTURE (00586.HK) -3.4%
CHINA TOWER (00788.HK) -3.3%
CONCH CEMENT (00914.HK) -3.3%
CITIC (00267.HK) -3.1%
ABC (01288.HK) -3.1%

HSMI & HSSI Constituents on Move:
JNBY (03306.HK) +18.3%, hitting new high
MMG (01208.HK) -12.8%
CMOC (03993.HK) -12.3%
CMBC CAPITAL (01141.HK) -11.5%
ZIJIN MINING (02899.HK) -11.3%
WEIMOB INC (02013.HK) -10.5%
PACIFIC BASIN (02343.HK) +2.1%, hitting new high

Bank of Japan Governor Haruhiko Kuroda stated the interest rates shall be kept “stably low” to protect the economy roiled by the coronavirus pandemic, together with a warning that the path of recovery is fraught with uncertainty. The yield on benchmark 10-year Japanese government bonds hit 0.175%, a high since January 2016.
Moderna (MRNA.US) is expecting Covid vaccine sales of US$18.4 billion this year, recording its first earnings since inception in 2010, reported Reuters. The drugmaker is developing a booster dose against the South African mutant, having shipped the vaccine for clinical trials at the US National Institutes of Health.
GREATWALL MOTOR (02333.HK) announced that the company's Haomo Intelligent Mobility Technology Co., Ltd. completed the Pre-A round of financing led by Shougang Fund and followed by MEITUAN-W (03690.HK) and GL Ventures, totaling millions of yuan.
Huawei plans to launch its own-brand electric vehicles, and is negotiating with Changan Automobile (000625.SZ) and BAIC BluePark (600733.SH) for OEM manufacturing, Chinese media reported. While a story spread that Huawei plans to launch its own-brand electric vehicles, Chinese media cited Huawei that the company will not produce vehicles with the strategy intact.  Huawei instead will focus on information and communication technology (ICT), be a supplier  of incremental components for smart cars, and help automakers build quality cars.
Brazilian telecom regulator Anatel approved rules for this year's 5G network spectrum auction without any bans on Huawei as an equipment provider.  Brazilian President Jair Bolsonaro had barred the Chinese company from local 5G projects under pressure from the Trump administration last year. However, Brazilian telcos insisted on a free market, claiming the replacement of Huawei gear would cost billions of US dollars.
ASM PACIFIC (00522.HK) results call conference, CEO Robin Gerard Ng Cher Tat said the demand for solution business has been fierce recently, where the new orders of semiconductor and SMT solution may exceed US$700 million in 1Q21. While the global vehicle industry has started recovering from 2H20, Ng anticipated the semiconductor and SMT solution segments group to benefit therefrom, coupled with persistent growth in EV market, especially China.
CPIC (02601.HK)  has executed a core strategic cooperation agreement with Huawei, whereby CPIC will provide high-quality financial services for Huawei's ecosystem partners.
Patrick Nip, Secretary for the Civil Service, said the Government has received a notice that the first batch of Fosun-BioNTech Covid vaccine will arrive in Hong Kong tomorrow morning, furthering the authority will pay close heed to the arrival.  Asked whether the Government will procure other brands of vaccine, Sophia Chan, Secretary for Food and Health, answered that the vaccine producers should provide adequate data to the Government and let expert team to study about the safety, efficacy and quality of the doses.
ByteDance is preparing to consolidate Douyin's e-commerce unit, including the Beijing team, to set foot in Shanghai, reported Chinese media.  Douyin e-commerce's Beijing crew has been ready to move to Shanghai since end-2020, the press learnt. Its product research arm and operations will hence be united in Shanghai.
Hangzhou Caihuasuan Network Technology (Chinese translation of operating the community group-buying platform for fresh produce "Cai Hua Suan", introduced BABA-SW (09988.HK)'s Alibaba (China) Technology as a shareholder, according to Qichacha's data.  Alibaba (China) Technology invested RMB15.8536 million in Hangzhou Caihuasuan for a stake of 24.07%, raising the latter's registered capital from RMB50 million to RMB65.8536 million.
Patrick Nip, Secretary for the Civil Service, said the appointment system for Sinovac vaccination will be reopened from next Monday (1 March), whilst eight vaccination centers will be available, an increase of three centers. He added that the vaccine will be distributed to private doctors in three days from next Monday, when clinic information will also be available online.
The Lands Department announced the resumption of land in Sai Ying Pun and To Kwa Wan for the implementation of two urban renewal development projects.  The two development projects were included in the Urban Renewal Authority's Business Plans for 2017-18 and 2018-19 respectively, which will help improve the overall living environment of the areas.
Overnight HIBOR last posted at 0.04%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 0.1225%, marking a 1-month low.
Asset managers responsible for MPF investment have recently negotiated with Chinese regulators, asking greenlight for adding equities listed on SSE and SZSE to their investment portfolio so as to increase revenue, cs.com.cn reported.
A Boeing 777 jet flying from Hong Kong made an emergency landing in Moscow due to engine issues, foreign media reported. The airline of the plane has not been identified. Another  Boeing 777 jet's engine had caught fire near Denver earlier, leading to the grounding of the aircraft across countries.
Apple and Kia Corp had signed an MOU last year, agreeing to seek partnership in eight fields including electric vehicles, South Korean media said. The relevant negotiations on EV alliance had not been ceased completely.
TENCENT (00700.HK)'s WeSure rolled out an accident insurance for side effects of Covid-19 vaccination, protecting all Chinese people from risks of inoculation. The coverage will reach up to RMB20,000.
Tim Hortons has completed a new round of fundraising led by Sequoia Capital China, Chinese media reported. After receiving investments from TENCENT (00700.HK) and Eastern Bell Capital, the coffee chain store plans to open more than 200 cafes this year.

ByteDance is downsizing its Indian team and planning to make Singapore the epicenter for its Asia-Pacific business, seeking a neutral territory amid potential national security risks and the ongoing China-US trade tensions, reported Quartz.
The street rumored that the US SEC will investigate Tesla CEO Elon Musk's tweets promoting Dogecoin, to which Musk responded that he welcomes the investigation, calling this "awesome”. An SEC spokesperson declined to comment thereon while cryptocurrencies are not part of its scrutiny.
The Communications Authority (CA) has approved an application by TVB, a domestic free television programme service (free TV) licensee, for changes in its shareholding structure arising from the transfer of 3.9 per cent of the voting shares of TVB controlled by the late Ms Mona Fong to a charitable trust with retrospective effect from 27 August 2020.
In approving the application, the CA is satisfied that TVB will continue to comply with all applicable regulatory requirements under the Broadcasting Ordinance and its free TV licence.
XIAOMI-W (01810.HK)'s Redmi announced at a press conference the official launch of flagship phones - Redmi K40, K40 Pro and K40 Pro+.  Redmi K40, K40 Pro and Redmi K40 Pro+ will respectively be priced from RMB1,999, RMB2,799 and RMB3,699. The sales will be open in late March.
BEIGENE (06160.HK) announced annual result ended December 2020. The loss widened to US$1.597 billion from US$949 million in the corresponding period of the previous year. Loss was US$1.47 per share, or US$19.13 per ADS.
ASM PACIFIC (00522.HK) announced annual results ended December 2020. Revenue rose 6.3% year on year to HK$16.887 billion. Net profit amounted to HK$1.622 billion, up 161% yearly. EPS equaled HK$3.97. Final DPS was HK$2. Full-year DPS was HK$2.7.
MELCO INT'L DEV (00200.HK) announced that for the year ended 31 December 2020, its subsidiary Melco Resorts & Entertainment reported total operating revenues of US$1.73 billion, down 69.9% yearly.  Net loss was US$1.26 billion. Melco Resorts generated negative Adjusted Property EBITDA of US$100 million.
CANSINOBIO-B (06185.HK) announce that, on February 25, 2021, Chinese National Medical Products Administration had granted the conditional marketing authorization for the Recombinant COVID-19 Vaccine (Ad5-nCoV) in mainland China.CANSINOBIO-B (06185.HK) announced the 2020 preliminary annual results. The loss expanded to RMB407 million from RMB157 million in the same period of a year ago. LPS equaled RMB1.8.
RONSHINECHINA (03301.HK) PROFIT WARNING  expecting that the Group’s profit attributable to owners of the Company for the year ended 31 December 2020 will decrease by approximately 20% to 30%, as compared to that for the year ended 31 December 2019.
BONJOUR HOLD (00653.HK) PROFIT WARNING expecting an increase of approximately 70% or above in consolidated net loss for the year ended 31 December 2020 as compared with the last year (HK$131 million). During the year ended 31 December 2020, the
turnover of the Group was expected to record a double-digit decrease as compared with last year.
LANGUANGJUSTBON (02606.HK) announced that BRC (600466.SH), a controlling shareholder of the Company, entered into an MOU with CG SERVICES (06098.HK). CG SERVICES intends to acquire 115 million shares (representing 64.62% equity interest in the Company) at RMB42.01105 each. The Possible Transaction (if materialises) may lead to a general offer for the H shares and domestic shares of the Company.   LANGUANGJUSTBON and CG SERVICES applied for a trading resumption with effect from 26 February.

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