Nomad Investors

JP Morgan upgraded the rating of CLP HOLDINGS (00002.HK)    -0.950 (-1.408%)     Short selling $5.61M; Ratio 4.365%   from Underweight to Neutral and the target price was lifted from $59 to $68. The adjustment was mainly attributable to the improving prospect in Australian business and expected smooth passage of the HK tariff hike on 16 December. It is believed that the increasing rating for CLP Holdings will be around 5%, lower than the estimation of 11.8%. The company's new investment will be refrained in China, India and Vietnam. Of all the utilities stocks, the broker preferred CKI HOLDINGS (01038.HK)    -0.300 (-0.523%)    Short selling $1.43M; Ratio 6.357%    and POWER ASSETS (00006.HK)    -1.450 (-1.958%)     Short selling $3.34M; Ratio 3.108%   due to M&A or special dividend. Investors who are looking for yield should consider HKELECTRIC-SS (02638.H).

SHENYIN WANGUO (00218.HK)    -0.350 (-7.157%)   proposed to issue 265 million rights share on the basis of one rights share for two existing shares held at the issue price of $2.342 (representing a discount of 52% to the closing price on last Friday). The stock opened lower by 3% today and further sank below the 20MA ($4.65) to the trough of $4.5 (50MA). It is currently trading at $4.55, down 7%, with volume rising to 5.49 million shares. Its peer FIRST SHANGHAI (00227.HK)    -0.070 (-4.516%)   also retreated 5.8% to $1.46. GUOTAI JUNAN I (01788.HK)    -0.260 (-4.514%)     Short selling $280.56K; Ratio 1.535%   shed 3.5% to $5.56. In addition, HAITONG INT'L (00665.HK)    -0.250 (-5.274%)     Short selling $402.10K; Ratio 2.875%   is last $4.5, down 5%. 

Alibaba founder Jack Ma and TENCENT (00700.HK)    -3.900 (-3.145%)     Short selling $112.23M; Ratio 6.332%   Chairman Ma Hua Teng will participate in the fund raising plan of PING AN (02318.HK)    +0.550 (+0.846%)     Short selling $1.36B; Ratio 26.811%   though the H-shares, reported China Securities Journal.

Macau's gross revenue from games of fortune amounted to MOP24.269 billion in November this year, marking its lowest since September 2012 (MOP23.866 billion), down 19.6% yearly and 13.4% monthly, the Gaming Inspection and Coordination Bureau of Macau released. 

Deutsche Bank stated that TSUI WAH HLDG (01314.HK)    -0.100 (-3.472%)     Short selling $141.56K; Ratio 4.034%   's interim results missed the estimates, mainly attributable to the lower margin and surging rents due to establishment of new branches. The broker trimmed the projected EPS in 2015 to 2017 by 9.5% to 11.5%. The target price was lowered from $3.88 to $3.6, which is commensurate with 23x of projected P/E in 2016. Deutsche Bank maintained the rating of Tsui Wah Holdings as Buy due to its attractive valuation and vigorous growth prospect.

Hong Kong stocks headed south as China's official manufacturing PMI for November fell to 50.3 and missed market projections. Hang Seng Index closed lower by 427 pts or 1.8% at 23,559 at midday. Hang Seng China Enterprises Index slid 156 pts or 1.4% to 10,989 pts. Market turnover equaled $53.705 billion. PING AN (02318.HK)    +0.800 (+1.230%)     Short selling $1.36B; Ratio 26.811%    bounced 2.2% to $66.5 this morning, as reports said Jack Ma and Ma Hua Teng participated in subscription for new placing shares of Ping An. TENCENT (00700.HK)    -3.700 (-2.984%)     Short selling $112.23M; Ratio 6.332%    came down 3.1% to $120.2. The heavyweight CHINA MOBILE (00941.HK)    -1.750 (-1.832%)     Short selling $102.46M; Ratio 13.681%    tumbled 1.3% to $94.35. HSBC HOLDINGS (00005.HK)    -0.800 (-1.038%)     Short selling $55.05M; Ratio 5.816%    receded 1.1% to $76.2. HKEX (00388.HK)    -2.500 (-1.480%)     Short selling $147.24M; Ratio 24.338%    closed lower b

Hong Kong Economic Outlook 2015: Bumpy Road Ahead The stability of global growth in aggregate masks the fact that growth divergence between the US and much of the rest of the world has been widening. We are not convinced that the US economy is resilient enough to build the strong base needed for global trade to accelerate more meaningfully. We therefore expect Hong Kong export growth in 2015 to remain broadly in line with this year and come in at around 5%.   Domestically, our analysis suggests that the rapid growth in private consumption over the past few years can largely be explained by (1) the positive wealth effect being passed on to the consumer, and (2) easier access to credit. Neither of these two drivers is likely to sustain.   However, while we argue that consumption has been ex

On the futures settlement day, Hang Seng Index saw rising sell pressure after hitting the day-high at 24,228 and eventually closed down 107 pts or 0.45% to 24,004. Hang Seng China Enterprises Index slipped 37 pts or 0.3% to 11,013. Market turnover declined to $72.888 billion. HSBC HOLDINGS (00005.HK)    -0.400 (-0.513%)     Short selling $225.20M; Ratio 26.714%    and CHINA MOBILE (00941.HK)    -0.950 (-0.991%)     Short selling $233.95M; Ratio 17.796%    faded 0.5% and 1% to $77.55 and $94.95 respectively. TENCENT (00700.HK)    -0.600 (-0.477%)     Short selling $152.72M; Ratio 10.745%    crept down 0.5% to $125.1. Mainland banking stocks traded mixed today. BANKCOMM (03328.HK)    +0.050 (+0.835%)     Short selling $15.62M; Ratio 2.853%    and CM BANK (03968.HK)    +0.120 (+0.785%)     Short selling $138.20M; Ratio 18.701%    both rose 0.8%, bucking the market weakness. CCB (00939.HK)    -0.040 (-0.685%)     Short selling $61.57M; Ratio 3.880%    lost 0.7%. As f