-

At market close, Hang Seng Index and China Enterprises Index ended at 23302 and 10391, down 30 pts and down 47 pts, respectively, on turnover of $50.166 billion, the lowest since mid July.

CHINA MOBILE (00941.HK)  +1.900 (+2.157%)    Short selling $368.27M; Ratio 20.223%   , following over 3% slump yesterday, rebounded 2.2%, reclaiming $90 level; CHINA UNICOM (00762.HK)  +0.140 (+1.282%)    Short selling $91.40M; Ratio 15.253%   , with 1Q-3Q profit rising 26%, jumped 1.3%. ZTE (00763.HK)  +0.600 (+3.464%)    Short selling $9.85M; Ratio 6.799%   advanced 3.5% as 1Q-3Q earnings soared 2.3 times.

GREATWALL MOTOR (02333.HK)  -1.650 (-5.077%)    Short selling $265.43M; Ratio 25.525%   fell 5% on worse-than-expected quarterly results; DONGFENG GROUP (00489.HK)  -0.320 (-2.606%)    Short selling $32.89M; Ratio 18.664%   and GAC GROUP (02238.HK)  -0.190 (-2.575%)    Short selling $18.94M; Ratio 35.847%   lost 2.6%; BYD COMPANY (01211.HK)  +0.750 (+1.465%)    Short selling $25.33M; Ratio 19.060%   jumped 1.5% on prospect of promotion of applications of over 45,000 new-energy vehicles in Guangdong next year.

CCB (00939.HK)  -0.040 (-0.710%)    Short selling $22.28M; Ratio 1.825%   edged down 0.7% to $5.59 as the 3Q net profit rose only 4.8%, slightly below expectation. ICBC (01398.HK)  -0.030 (-0.598%)    Short selling $38.16M; Ratio 3.572%   faded 0.6%

Comments

Post a Comment

Popular posts from this blog

-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by 19%. At the current level, it believes many  of the negatives are already priced-in.
Read more
-
Image
WKK INTL (HOLD) (00532.HK)    +0.100 (+15.152%)      announced the results for its subsidiary, Taiwan Kong King, for the nine months ended September 2014. The unaudited combined after-tax net profit decreased 30.26% to $12.239 million, compared with the same period last year. Revenue amounted to $177 million.
Read more
-
]Daiwa lifts Anta Sports (02020) to HK$43.5   Daiwa Research lifted its target price for Anta Sports Products (02020) to HK$43.5 from HK$40, and reiterated its "buy" rating.   The research house said Anta's 2017 earnings growth of 29.4% YoY to CNY3.1bn was in line with Daiwa's expectations. However, its results were mixed, with government grants and FX gains offsetting weaker-than-expected margins.   Nevertheless, Daiwa remains confident in the company's multi-brand and omni-channel strategy. It raised its revenue assumptions for 2018-19 to account for the recent revenue growth momentum and inclusion of the group's new brands, but trimmed its gross and  operating margin estimates on higher raw material, A&P, staff and rental cost assumptions. In all, Daiwa trimmed 2018 earnings and raised its 2019 earnings by less than 1%. 
Read more