Nomad Investors

Nomura, in its latest research report, raised its target price of BYD ELECTRONIC (00285.HK) +0.740 (+8.959%) Short selling $3.62M; Ratio 3.211% from $6.8 to $14 in accordance with its upward revisions on the company's 2014/15 EPS estimates by 13% and 25% respectively. The research house recommended investors to further accumulate the stock for the potential earnings upside due to Samsung's transition from plastic casing to metal casting in its middle-class and high-class smartphone models since 4Q2014.

HSBC HOLDINGS (00005.HK) -1.150 (-1.425%) Short selling $210.20M; Ratio 8.804% declared the second interim dividend for 2014 of US$0.10 per ordinary share to be payable on 9 October 2014. (Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-30 16:25.)

Block Trade] A bearish block trade of 2.9M shares of REXLOT HOLDINGS(00555) occurred at price of HK$0.78 and turnover of HK$2.262M at 03:59p.m . The last price is down 1.25%. Today's highest price is $0.8 and lowest price is $0.78. Total volume is 66.741M shares and total turnover is HK$52.561M.

As of 25 September, there are a total of 48 branches of banking financial institutions approved to be set up within the Shanghai Free Trade Zone, according to the information provided by the CBRC Shanghai Office. Moreover, on 29 September, the CBRC approved the establishment of the first private bank in Shanghai, Shanghai Huarui Bank, in the Free Trade Zone.

VARITRONIX INTL (00710.HK) 0.000 (0.000%) Short selling $61.94K; Ratio 2.902% announced that Yuen Kin will resign as an executive Director and the chief financial officer of the Company with effect from 3 and 27 October 2014, respectively. Meanwhile, Ko Wing Yan, Samantha will be appointed as an executive Director and the chief financial officer of the Company with effect from 3 and 27 October 2014 respectively. (Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-30 16:25.)

Hang Seng Index hit the day-lwo at 22,855 pts and ended at 22,932 at market closure, down 296 pts or 1.28%. Hang Seng China Enterprises Index closed down 128 pts or 1.23% to $10,310. Market turnover equaled $84.725 billion. TENCENT (00700.HK) -0.100 (-0.087%) Short selling $221.48M; Ratio 7.661% once saw an upswing this afternoon but eventually closed down less than 0.1% to $115.5. HKEX (00388.HK) -2.600 (-1.532%) Short selling $209.03M; Ratio 8.293% closed at $167.1, down 1.5%. HSBC HOLDINGS (00005.HK) -1.150 (-1.425%) Short selling $210.20M; Ratio 8.804% slid 1.4% to $79.55. CHINA MOBILE (00941.HK) -2.800 (-3.025%) Short selling $574.25M; Ratio 24.513% saw a wider loss in the afternoon and closed at $89.75, dragging down the HSI by 52 pts. CHINA UNICOM (00762.HK) -0.340 (-2.848%) Short selling $110.10M; Ratio 20.352% and CHINA TELECOM (00728.HK) -0.100 (-2.058%) Short selling $58.80M; Ratio 26.838%

NEW WORLD DEV (00017.HK) -0.040 (-0.412%) Short selling $19.22M; Ratio 18.624% 's 2014 underlying profit increased 3% year-on-year, missing the market expectation, mainly due to the worse-than-expected contribution of Hong Kong property development and other non-property operations, Credit Suisse said in a report. The broker raised the company's 2015 EPS forecast by 5% and hiked the target price from $9.9 to $11.03, with the Neutral rating unchanged.

The short selling turnover of HK market at close amounted to $6.82 billion, or 11.9% of the turnover of securities eligible for short selling ($57.21 billion), against 14.8% on the last trading day. The short selling ratio of X ISHARES A50 (02823.HK) -0.050 (-0.540%) Short selling $658.01M; Ratio 25.299% was 25.3% against the 3-day average of 25.3%; short selling ratio of CSOP A50 ETF (02822.HK) -0.080 (-0.839%) Short selling $426.34M; Ratio 15.183% was 15.2% against the 3-day average of 17.3%; short selling ratio of CHINA MOBILE (00941.HK) -0.800 (-0.843%) Short selling $287.25M; Ratio 18.883% was 18.9% against the 3-day average of 21.8%.

The after-hour trading session, Hang Seng Index Futures was last 23737, down 23 pts, with discount of 31 pts, on volume of 340 contracts. China Enterprises Index Futures was last 10637, down 7 pts, with discount of 3 pts, on volume of 303 contracts.

CHINA LNG (00931.HK) -1.050 (-36.842%) Short selling $53.20K; Ratio 0.005% saw increasing selling orders after 2 pm with share price once down 70% to $0.86, which has offset the accumulated gains in the recent month. The stock is last trading at $1.82, down 36%, with volume surging to 994 million shares.

China Association of The National Shipbuilding Industry (CANSI) recently released the operational data of the Shipbuilding industry for the first eight months of 2014. According to the data, the industry has undertaken new orders of 47.4 million DWT during the period, representing an increase of 35.8% year-on-year. However, the industry analysis pointed out that due to the slowdown of global economic growth, new vessel prices dropped and the completions continued to decline together with the fall in companies' economic efficiency. The market outlook is getting grim.

China National Coal Association(CNCA)'s chief Wang Xianzheng said the authority will strive to get the coal price to return to a rational level so that the thermal coal price can rise back to around RMB0.1-0.12/Kcal. It is estimated that in order to reach the aforesaid level, the current coal price has to go up 14.11%-24.48%.

VTECH HOLDINGS (00303.HK) +0.350 (+0.380%) Short selling $7.78M; Ratio 18.945% has made good preparation of stocking for Christmas and most of the new toys have been put on shelves in the U.S. and Europe, Citigroup said in a report. However, the broker reduced the company's earnings forecasts for 2015-17 by 2-3% on greater efforts in offering discount for kids' tablet products. Target price was lowered from $120 to $115. VTECH HOLDINGS has fallen 14% recently, providing a good entry opportunity, Citigroup said. The broker believes the stock can outperform its peers and achieve the 2015 results target, so the Buy rating has been maintained.