HSI -480pts (-1.6%) 29,448 HSCEI -212pts (-1.8%) 11,678 T/O HK$244.18bn (-7.8 DoD)
EUROPE Opened lower following the trend from Asia, PMI data mixed and UK Retail Sales weaker than forecast. Concerns about the new covid wave in China. Markets trending lower/sideways. All sectors in the red.
Hellofresh trading higher along with Siemens and ProSiebenSat.1 who both posted better-than-expected earnings before the opening bell.
Tui very weak on covid concerns
Manufacturing Jan 54.7 vs 55.2 Dec (F/cast was 54.5)
Services Jan 45 vs 46.4 Dec (F/cast was 44.3)
Composite Jan 47.5 vs 49.1 Dec (F/cast was 47.2)
Manufacturing Jan 57 vs 58.3 Dec (F/cast was 57.5)
Services Jan 46.8 vs 47 Dec (F/cast was 45.1)
Composite Jan 50.8 vs 52 Dec (F/cast was 50.2)
Manufacturing Jan 51.5 vs 51.1 Dec (F/cast was 50.9)
Services Jan 46.5 vs 49.1 Dec (F/cast was 47.9)
Composite Jan 47 vs 49.5 Dec (F/cast was 48.4)
Consumer Confidence Jan -28 vs -26 Dec (F/cast was -29)
Retail Sales Dec +0.3% MoM vs -4.1% Nov revised (F/cast was +1.1%)
Retail Sales Dec +2.9% YoY vs +2.1% Nov revised (F/cast was +3.8%)
Retail Sales Ex Fuel Dec +0.4% MoM vs -3% Nov revised (F/cast was +0.5%)
Retail Sales Ex Fuel Dec +6.4% YoY vs +5.3% Nov revised (F/cast was +6.2%)
Public Sector Net Borrowing Dec GBP -34.1b vs -26.1b Nov (F/cast was -30b)
Manufacturing Jan 52.9 vs 57.5 Dec (F/cast was 52.8)
Services Jan 38.8 vs 49.4 Dec (F/cast was 45.1)
Composite Jan 40.6 vs 50.4 Dec (F/cast was 45.2)
Opened flat in Asian time; but have sold down DOW -250pts with S&P and NDX -VEIBM weak after Q4 sales missed. Intel was higher but concerns about the company being hacked which prompted the early release of earnings.
PMI Flash (Manufacturing,Services and Composite), Existing Home Sales EIA Natural Gas and Oil report, Baker Hughes Rig count data.
Senate expected to confirm former Fed Chair Janet Yellen as Biden’s Treasury secretary.
CHINA CSI 300 Closed +5pts (+0.1%) @ 5,570
CSI 300 opened flat initial ticked higher but then sold down to 5,513 before a small bounce into lunch. PM opened higher and worked up to 5,556 which its tested a couple of times before breaking above, next resistance was yesterdays close which it managed to sneak above in the last 30 minutes of trading.Sentiment cautious on US/China relations. Leaders were Med/biotech, Autos, TobaccoLaggards were Real estate (concerns about debt levels still), Communications, Semiconductors and Mining stocks.
Shanghai Comp -15pts (-0.4%) @ 3,607
Shenzhen Comp +107pts (+0.7%) @ 15,629
ChiNext Index +75pts (+2.3%) @ 3,358
CHINA DATA None
HSI Pre Market Opened @ 29,809 -119pts vs -23pts ADRs
Market initially traded sideways for the first 30 minitues but then sold down to 29,550 before bouncing back to 29,750 but unable to hold and sold down again first to 29,490 bounced but then more selling to 29,430 with a small bounce into lunch. PM saw the market tick higher and trade sideways around 29,525 but with resistance at 29,550 until about 3pm when the market ticked lower 29,420 and traded sideways around there into the close. CNOOC weak as MSCI announced that it will delete the firm from the MSCI ACWI and MSCI China All Shares indexes -VE for HKEX.
Broad weakness with Petrochems, Property, Auto, Macau all weak. China consumer names weak on the news on fears of more lockdowns as covid cases rise.
Sentiment weak as HK Govt proposes lockdown for parts of Shum Shui Po/Yau Tsim Mong district; similar to what one sees on the mainland.
HONG KONG DATA
Business Confidence Q1 -17 vs -8 Q4 (F/cast was -1)
The proportion of respondents expecting their business situation to be worse (26%) in Q1 2021 over Q4 2020 is higher than that expecting it to be better (9%). When compared with the results of the Q4 2020 survey round, the proportion of respondents expecting a better business situation in Q1 2021 as compared with the preceding quarter has decreased to 9%, against the corresponding proportion of 17% in Q4 2020.
Centre for Health Protection said there were 61 new COVID-19 cases in Hong Kong today (vs Thursday 70) 26 of unknown origin.
SHORT SELLING Friday 16.3% vs 18.1% Thursday
Top Shorts: Wharf REIC (1997) 52%, Hang Seng Bank (11) 41%, Country Garden (2007) 40%, Henderson Land (12) 38%, Ping An (2318) 37%, Bud Apac (1876) 36%, CLP (2) 34%, Hengan (1044) 31%, CITIC (267) 31%, Galaxy Ent (27) 29%, MTRC (66) 27%, Link REIT (823) 27%, Sands China (1928) 26%, SHKP (16) 24%.
AFTER MARKET NEWS
KOOLEARN (01797.HK) announced interim result ended November 2020. The revenue rose 19.2% year on year to RMB677 million. The loss widened to RMB674 million from RMB71.282 million in the corresponding period of the previous year. LPS was RMB0.72. No dividend was declared.
SINO LAND (00083.HK) has just uploaded the first price list for SILVERSANDS, a property in Ma On Shan, involving 50 flats. Based on the maximum discount of 18.5%, the selling prices range $5.8631-10.3994 million.
CITIC BANK (00998.HK)released the preliminary annual results. For 2020, operating income added 3.81% yearly to RMB194.731 billion. Net profit rose 2.01% yearly to RMB48.98 billion. Basic EPS equaled RMB0.94.
Baidu (BIDU.US) has officially filed a secondary listing application at HKEX (00388.HK), with Goldman Sachs and CITIC in the sponsor team, according to Chinese media.
HKEX (00388.HK) announced the inclusion of eligible A-shares listed on the Shanghai Stock Exchange’s (SSE) Sci-Tech Innovation Board (STAR Market) into Stock Connect, effective from 1 February 2021. As previously agreed by HKEX, SSE and Shenzhen Stock Exchange (SZSE), STAR Market-listed shares that are constituent stocks of the SSE 180 Index and SSE 380 Index, or have corresponding H-shares listed in Hong Kong for A+H companies, will be eligible for Northbound trading under. Shanghai-Hong Kong Stock Connect. following the existing inclusion arrangements. Their corresponding H-shares will be included in Southbound trading of Stock Connect when the Northbound arrangements take effect.
FTSE Russell announced deletion of CNOOC (00883.HK) from global and China A50 indexes, effective 27 January, due to U.S. investment ban.
SINOPEC SSC (01033.HK) Profit Warning expecting the net profit attributable to equity shareholders to approximate RMB80 million for the year ended 31 December 2020, representing a decrease of 91.2% over the corresponding period of the previous year.
CHINA RES BEER (00291.HK) Positive Profit Alert expecting the Group’s net profit for the year ended 31 December 2020 to significantly increase by not less than 50% as compared with that of the year ended 31 December 2019. The increase was mainly attributable to the decrease in compensation and settlement expenses related to capacity optimisation and organisational restructuring; and the increase in bottles usage income and profit on disposal of fixed assets in other income.
CSC (06066.HK) Positive Profit Alert expects net profit to increase by 72.85% yearly to around RMB9.509 billion for the year ended December 31, 2020. The estimated EPS
The PBoC has issued a deposit reservation management guidance on non-banking payment service providers, effective 1 March, and annulled the prior deposit reservation management guidance thereon. Under the new guidance, payment institutes shall cooperate only in compliance with relevant rules from the Chinese central bank. Meanwhile, the guidance stipulated that no inter-institute direct payment access shall be allowed and that such institutes shall not open payment accounts for each other or transfer deposit reservation for clients thereby.
CROCODILE (00122.HK) announced that with effect from 22 January 2021, Deputy Chief Executive Officer Lam Wai Shan, Vanessa has been appointed as the Chairman and Chief Executive Officer.
Secretary for Food and Health Sophia Chan said cabin crews, originally entitled to exemption, will be subject to 14-day quarantine at designated hotels upon arrival in Hong Kong. CATHAY PAC AIR (00293.HK) replied that it is aware of the Government's intention to tighten isolation rules for aircrews. The carrier is asking the authority for details to make plans in advance.
CNOOC (00883.HK) announced that it has noted the decrease in the price of the shares of the Company today (22 January). The Company noted news reports regarding removal of the Company from certain indexes and disposal of the Shares by certain funds. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that it is not aware of any information which must be announced to avoid a false market in the Company’s securities or of any inside information.
CGN POWER (01816.HK) announced that from March 26, 2020 to January 22, 2021, its controlling shareholder CGN had increased shareholding by acquiring over 194 million H shares through the Shenzhen-Hong Kong Stock Connect system of the Shenzhen Stock Exchange, representing approximately 1.74% of the total number of issued H shares and approximately 0.38% of the total number of the issued shares.
China Banking and Insurance Regulatory Commission (CBIRC)'s financial management unit has met with Ant Group and some other internet platform firms over anti-monopoly issues, as Chinese media cited CBIRC vice chairman Liang Tao. The meeting would not affect the normal business development of these companies, he underscored.
CANSINOBIO-B (06185.HK) will supply 20 million doses of coronavirus vaccines to Pakistan, where phase III clinical trials have been completed locally, Bloomberg reported. The FT reported that the doses will be supplied free.
CCL last printed at 176.16, down 0.21% weekly. CCL Mass dipped 0.22% weekly to 178.61, CCL (small-to-medium flats) sagged 0.16% weekly to 176.19. The three key indices declined on a notably smaller magnitude for two weeks. Under a livelier home market and rising second-hand deals, the research department of Centaline Property, foresaw a more significant CCL rally in the February data.
*SHIPPING/CONTAINERS WEAK on news that China failed to meet its 2020 trade deal targets with the U.S. in a year marked by pandemic-related disruptions and an increasingly tense relationship with the Trump administration. By the end of December, China had purchased about 58.1% of the $172 billion worth of goods it pledged to buy last year under the “phase one” agreement with Washington, according to news. Also the expectation that current premiums will reduce quickly once mass vaccinations allow international trade to resume. COSCO SHIP PORT (1199 HK -4.5%), COSCO ShIP ENERGY (1138 HK -2.6%) PAC BASIN (2343 HK -2%).
OOIL (316 HK-18%) holder to offer 9m shares in top-up placement raising US$932.5m. Price was set at HK$81.80 apiece, represents 18.2% discount to Thursday’s closing price.
*PETROCHEMS WEAK following yesterday’s surprise rise in US inventories, and the expectation of a slow recovery to ‘normal’ consumption. News that MSCI is to Delete CNOOC (883 HK -5.7%) from ACWI and China All Shares Indexes as of close of business on Jan. 26 and after market FTSE announced a similar action. CH OILFIELD (2883 HK -6%).
*E-COMMERCE MIXED but still popular. Despite Chairman Martin Lau offloading 300,000 shs recently, according to HKEX filing, TENCENT (700 HK+ 2%) helped by news it is considering finance for an acquisition of U.S. mobile-game developer Zynga (ZNGA US), according to market news. ALIBABA's (9988 HK -3.3%) on news of potential antitrust moves. Also after Ant Group refuted rumors about Jack Ma Yun transferring his 10-percent stake in Ant's controlling shareholder Alibaba Group for free to the Zhejiang Provincial Depart of Finance MEITUAN (3690 HK +1.8%) WEIMOB (2013 HK +6.7%) ALI HEALTH (241 HK +4.8%).
*HK PROPERTY WEAK on news of a partial HK lockdown rumour and despite satisfactory demand have been reported for primary projects. Wheelock Properties sold 90 out of 120 units on offer at its Monaco development in Kai Tak yesterday. The developer had received 2,270 checks for the 120 flats, making the batch 18 times oversubscribed.
Nan Fung Group has received about 5,160 checks for 179 units on offer at LP10 in Lohas Park, making the units 27 times oversubsubscribed. HENDERSON (12 HK -1.7%) CKA (1113 HK -2.4%) NWD (17 HK -1.9%).
*CH PROPERTY WEAK on news of more home curbing concerns. Shanghai city unveilsadditional policies to tighten home sale regulations to stabilize the market, including adding some requirements on divorced couples, strictly implement differenciated credit policies and to step up checks of funding sources of home buyers, adjust periods of time for imposing value-added taxes when individuals sell homes, tighten registration of developers’ sales plans, and step up supervision on the real estate sector. EVERGRANDe (3333 HK -5.9%) SUNAC (1918 HK -2%) JINMAO (817 HK -2.8%) SHIMAO (813 HK -3.4%) CR LAND (1109 HK -2.6%).
*CASINOS WEAK after Macau reports an imported coronavirus case, the first since June last year. The asymptomatic patient is a Macau resident who was in Dubai and traveled to Japan via Singapore before returning to the city. MELCO (200 HK -4%) SANDS CH (1928 HK -2.4%) SJM (880 HK -3%) GALAXY (2282 HK -3.8%).
*BIOTECH STRONG given positive outlook of sector amid strong backlog and contract demand from the pandemic. WUXI BIO (2269 HK +6.6%) upgraded by broker. WUI APPTEC (2359 HK +10%) FRONTAGE (1521 HK +14%) PHARMARON (3759 HK +7.8%).
NIKKEI 225 Opened lower as pre market inflation data missed forecasts but worked higher but pulled back again when the PMI data came out lower than expected. It again worked higher, hitting resistance at 28,700 and then easing lower into lunch at 28,650. PM opened lower but worked higher to 28,700 but then sold off at the end to close -125pts (-0.4%) @ 28,631
TOPIX followed a similar pattern but with less of a sell off at the end. Closed -4pts (-0.2%) @ 1,857
Inflation Rate Dec -1.2% YoY vs -0.9% Nov (F/cast was -1%)
Inflation Rate Dec -0.3% MoM vs -0.4% Nov (F/cast was +0.1%)
Inflation Rate Ex Food & Energy Dec -0.4% YoY vs -0.3% Nov (F/cast was -0.3%)
Core Inflation Dec -1% YoY vs -0.9% Nov (F/cast was -1.1%)
Manufacturing Jan 49.7 vs 50 Dec (F/cast was 50.9)
Services Jan 45.7 vs 47.2 Dec revised (F/cast was 49.5)
Composite Jan 46.7 vs 48.5 Dec (F/cast was50.2 )
Kospi opened slightly higher but sold down initially to 3,150 which it tested several time before rallying to 3,185; again testing several time before selling down to flat and trading around yesterday’s closing level. But then sold down in the last 40 minutes to close -20pts (-0.6%) @ 3,141
Kosdaq followed a similar pattern but traded sideways in the PM to close -1pt @ 980
Opened lower but worked higher hitting resistance around 16,126 and then traded sideways/lower before selling down around 11am to 15,970 level but then staged a rebound to 16,080 level but then sold down at the end to close -135pts (-0.8%) @ 16,019
Apple supply chain names mixed despite MS saying yesterday they expect record Apple numbers; Hon Hai rising but TSMC falling.
After Market Unemployment Dec 3.76% vs 3.77% Nov (F/cast was 3.8%)
After market news Samsung Electronics is pondering on spending over US$10 billion in the most-advanced logic chipmaking factory in the U.S., hoping to lure more American clients and catch up with sector leader TSMC, reported Bloomberg. Samsung is in talks to build a factory in Austin, Texas for fabricating 3-nanometer chips, according to sources.
Northbound Rmb 56,671m Buy 28,734m vs 27,937m Sell
Southbound HK$ 35,520m Buy 16,064m vs 19,456m Sell
Northbound Rmb 73,530m Buy 37,376m vs 36,154m Sell
Southbound HK$ 38,335m Buy 16,180m vs 22,155m Sell
Active HeavyweightsAIA (01299.HK) -3.3%
BABA (09988.HK) -3.1%
PING AN (02318.HK) -3%
CCB (00939.HK) -2.4%
MEITUAN (03690.HK) +1.3%
TENCENT (00700.HK) +1.2%
HKEX (00388.HK) -0.9%
HSI & HSCEI Constituents on Move:
CPIC (02601.HK) -7.7%
EVERGRANDE (03333.HK) -6.1%
WUXI BIO (02269.HK) +6%
CNOOC (00883.HK) -5.6%
CM BANK (03968.HK) -5%
HAIDILAO (06862.HK) +4.8%
CHINA LIFE (02628.HK) -4.4%
GALAXY ENT (00027.HK) -4.4%
ENN ENERGY (02688.HK) +4.2%, hitting new high
PETROCHINA (00857.HK) -4.2%
ALI HEALTH (00241.HK) +3.9%, hitting new high
GEELY AUTO (00175.HK) -3.9%SINOPEC CORP (00386.HK) -3.9%
WH GROUP (00288.HK) -3.8%
MENGNIU DAIRY (02319.HK) -3.7%
XIAOMI (01810.HK) -3.7%
PSBC (01658.HK) -3.7%
AAC TECH (02018.HK) -3.6%
CITIC (00267.HK) -3.3%
HANG LUNG PPT (00101.HK) -3.3%
CHINA TOWER (00788.HK) -3.3%
SHIMAO GROUP (00813.HK) -3.2%
CHINA RES LAND (01109.HK) -3%
HSMI & HSSI Constituents on Move:
SIHUAN PHARM (00460.HK) -22.2%
YEAHKA (09923.HK) +18.4%
FRONTAGE (01521.HK) +15.4%, hitting new high
YIHAI INTL (01579.HK) +15.4%, hitting new high
REALORD GROUP (01196.HK) +13.1%
WUXI APPTEC (02359.HK) +12.3%, hitting new high
JXR (01951.HK) +12.3%, hitting new high
CHINA FOODS (00506.HK) -12.1%
LIFETECH SCI (01302.HK) +11.4%, hitting new high
KASEN (00496.HK) +11.4%
VENUS MEDTECH (02500.HK) +10.3%
MARKET HOURS NEWS
On 15 January, MEITUAN-W (03690.HK) announced to shut down its mutual aid business on 31 January, Chinese media citing CBIRC Chief Risk Officer Xiao Yuanqi. The unit is to be folded up as CBIRC deemed MEITUAN-W is steering away from its main business, alongside the increasing risk of adverse selection.
SWIRE PROPERTIES (01972.HK) disclosed the tender sales details for its luxury residential project "EIGHT STAR STREET" at Star Street. The developer offers three featured units in the first batch with saleable areas of 497-913 sq.ft. at guidance prices of $20.28 million, $23.38 million and $38.28 million. The tender is slated for 26 January-4 March.
China Banking and Insurance Regulatory Commission announced preliminary findings that commercial banks had realized RMB2 trillion in net profit, -1.8% yearly, as of December 2020.
Transition (TF-1), a flying car developed by Zhejiang Geely Holding Group's Geely Technology, was granted an airworthiness certificate from the U.S. Federal Aviation Administration (FAA), Geely announced.
TENCENT (00700.HK) will carry out a management reshuffle and re-designate Senior Executive Vice President Lau Seng Yee as a senior management consultant, said Chinese media.
The PBoC announced that it has since last October issued guidance on RMB acceptance and paid concentrated efforts in countering rejection of RMB, according to the instruction from Chinese State Council. In 4Q20, the Chinese central bank slammed penalty, ranging from RMB500 to RMB500,000, on 16 institutes and relevant officers in charge who turned down the acceptance of cash, including CHINA LIFE (02628.HK)'s marketing unit in a Beijing subsidiary, Ping An Property & Casualty's Ya'an unit and NCI (01336.HK)'s Aksu City unit. The said penalized institutes were deemed inadequate in lawful or service consciousness by posting "no cash acceptance" banner for commercial purposes or on grounds of "superior orders".
Chinese State Administrative of Foreign Exchange announced that foreign investors had boosted their holding in the domestic bond market by US$186.1 billion in 2020.
Secretary for Food and Health Sophia Chan told RTHK that cabin crew, originally entitled to exemption, will be subject to 14-day quarantine at hotels upon arrival in Hong Kong, in view of the rampant infection and emergence of coronavirus variants.
New data indicates a lower efficacy in Covid-19 vaccines currently available on the market against more contagious mutant strains, said U.S. National Institute of Allergy and Infectious Diseases Director Anthony Fauci.
Germany recorded current account surplus shrinkage for five years in a row and was overtaken by China last year to run the largest current account surplus in the world, according to a survey by the Ifo.
Overnight HIBOR last posted at 0.03985%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 0.10893%, marking a 1-month low.
Mars Inc's Mars Wrigley inked a cooperation agreement with BABA-SW (09988.HK)'s Hyperlocal Retail Business Group. Pursuant to which, both sides will strike a strategic partnership surrounding omni-channel and digital intellectualization transformation.
BABA-SW (09988.HK) and its Lazada have sealed a contract for 140,000 sq.ft. at 5One Central in Bras Basah Road, Singapore, reported Singapore's Business Times. ByteDance's TikTok has signed up for about 58,000 sq.ft. at Guoco Tower in Tanjong Pagar, Singapore.
XIAOMI-W (01810.HK) Vice President Chang Cheng said the sales of its flagship Xiaomi Mi 11 model has exceeded 1 million units since the launch in China from 1 January 2021.
TENCENT (00700.HK) is in talks with lending banks to raise several billion USD in a "club" loan deal as the Chinese tech firm is seeking a potential acquisition of gaming businesses, TMT Finance learnt from inside sources.
During July-November 2020, China traced cross-border securities investment surplus of US$70 billion, remarked Wang Chunying, Deputy Director and Spokesperson of the State Administration of Foreign Exchange (SAFE). Among which, the scale of foreign securities investment within China increased about 40% year-on-year, a relatively high growth, mainly due to domestic residents investing in Hong Kong stocks.
The Government is pondering on a first-ever lockdown this weekend in Jordan and Sham Shui Po so as to contain epidemic, South China Morning Post cited sources. Tens of thousands of residents will be affected, resulting in the most aggressive measure year to date in the city. Residents should present negative COVID-19 test results before leaving the area. Those who need medical consultation will be exempted.
With gradual Covid vaccine approval and massive inoculation in 2021, MMG (01208.HK) CEO Geoffrey Gao expected metal demand in the coming years to be driven by signs of economic revival. Particularly, such demand will be stimulated by China's strong economic rebound. He hence expected the rising trend of copper prices and other metal prices will continue for some time.
CIMC (02039.HK) announced that the proposed privatisation of CIMC-TIANDA (00445.HK) was sanctioned without modification by the Grand Court of the Cayman Islands on 6 January. All the conditions of the Scheme as set out in the Scheme Document were fulfilled and the Scheme became effective on 21 January. The listing of the CIMC-TIANDA Shares on the Stock Exchange is expected to be withdrawn at 4:00 p.m. on Monday, 25 January.
SINO SPLENDID (08006.HK) announced that the Group acquired 2,000 shares of Baidu, Inc. at a total consideration of HK$4.087 million.
Lohas Park LP10, jointly developed by Nan Fung and MTR CORPORATION (00066.HK), will launch the first log of 179 units this Saturday (23rd). As of 1pm yesterday (21st), the project had received over 5,160 cheques, representing an over-27-time over-subscription.
China confirmed 103 additional COVID-19 cases yesterday (21st), including 94 local infections, reported by National Health Commission.Alipay's insurance platform announced that the operation ownership has been transferred from Ant Shengxin to Ant Insurance, Cailian Press reported. Industry players opined that the action was taken to ensure compliance with the upcoming online insurance oversight guidance issued by CBIRC, said the report.
PRE MARKET NEWS
The first phase of The Londoner Macao will be launched on February 8, reported Macao Daily. It is a London-themed integrated resort renovated from SANDS CHINA LTD (01928.HK)'s Sands Cotai Central, with an investment size of US$1.9 billion (around MOP15.2 billion). The construction will be completed by phases this year.
Changes in the COVID-19 pandemic are the most important variable, said Financial Secretary Paul Chan at the Legislative Council. Anti-plague measures will inevitably stay tight before effective prevention comes into view. In other words, there will be rather critical economic challenges in 1H21. Separately, Chan anticipated a stronger recovery impetus in 2H21.
PEIJIA-B (09996.HK) announced the planned placement of 33.8 million shares, representing 5.1% of the enlarged issued share capital of the Company immediately following the completion of the Placing. The placing price of $29.38 per share represented a discount of 1.9% against the closing price as quoted yesterday. The net proceeds arising from the Placing are estimated to be $971 million.
Macau Novel Coronavirus Response and Coordination Centre said they confirmed one imported coronavirus case yesterday, being the 47th case in Macau.
WULING MOTORS (00305.HK) announced that it proposed to place 223 million shares by top-up subscription at $2.47 per share, a 9.85% discount to the closing price as quoted yesterday. The net proceeds were expected to be approximately $538 million.
MSCI Inc. announced that it will remove CNOOC (00883.HK) from the MSCI ACWI and MSCI China All Shares Indexes with effect from the market close on 26 January. It will also exclude the oil giant from relevant non-market capitalization weighted indexes and custom indexes. The stock’s ADR closed at equivalent of HK$8.1, 1.9% lower than the closing price as quoted on the Hong Kong market.
HUAJIN INTL (02738.HK) announced that having considered the business, financial and cash flow position, the Board has resolved to declare a special interim dividend of HK$0.098 per share. It is expected that the Special Interim Dividend will be payable in cash on 19 February.
WUXI APPTEC (02359.HK) positive profit alert, expecting a 50% to 60% growth in the net profit attributable to shareholders for the year of 2020 as compared with RMB1.855 billion for the year of 2019.
CEB BANK (06818.HK) announced the 2020 preliminary annual results. According to the Chinese Accounting Standards, net profit burgeoned 1.3% yearly to RMB37.824 billion.
EPS equaled 68 fen.