ANNOUNCEMENT In relation to the matter of Dejin Resources Group Company Limited (In Liquidation) (Incorporated in Bermuda with limited liability) (Stock Code: 1163) Proceeding to third stage of delisting procedures The Stock Exchange of Hong Kong Limited (the "Exchange") places Dejin Resources Group Company Limited (the "Company") into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 June 2017), the Company’s listing will be cancelled. Trading of the Company's shares was suspended on 16 May 2014 pending release of inside information relating to an arbitral award against the Company’s major subsidiary. By 24 November 2015 the Exchange was of the view that the Company did not comply with the requirement to have sufficient operations or assets under Rule 13.24. The Exchange placed the Company into the first and second delisting stages on 24 November 2015 and 25 May 2
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Citi Downgrades CKI HOLDINGS to Sell with Target Cut to $58 Citigroup, in its report, downgraded CKI HOLDINGS(01038.HK) -0.300 (-0.482%) Short selling $51.05M; Ratio 35.211% from Neutral to Sell, expecting the stock to be de-rated amid an interest rate rise cycle with the Federal Reserve guiding to raise the rates three more times in 2017. Acquisitions in the UK, being CKI's largest profit source, are also more challenging after Brexit, with potential GBP depreciation. Citigroup's target price on the stock is cut from $68.5 to $58. The broker said CKI will be a victim in a rising interest rate cycle as its historical share price movement has 86% negative correlation with USD 10-year bond yield. The broker also raised the discount rate of CKI due to rising interest rate. Also, the group recently failed in bidding for assets sold by National Grid, and the broker worried that might lessen its chances of winning new assets in the UK
100 New Homes Sold Last Weekend after Rate Hike; Deals in 10 Main Private Housing Estates Muted Transactions in the first-hand home market significantly declined for the first weekend after the rate hike in the US. About 100 deals were recorded over the past weekend, mainly boosted by the remaining flats from HANG LUNG PPT (00101.HK) -0.300 (-1.779%) Short selling $5.14M; Ratio 7.534% 's project The Long Beach, selling all 64 flats on the same day of release. SHK PPT's PARK YOHO Venezia in Yuen Long sold 7 flats on 18 December; Wheelock's NAPA in Tuen Mun sold 3 flats. For the second-hand market, all four main realty agents posted declines, with Midland's ten major blue-chip housing estates recording 9 transactions, up by 2 transactions weekly.
HSI Falls 168 pts, Missing 22,000 pts Hong Kong bourses followed ADR to open down 74 pts to 21,945. Hang Sang Index saw a widened decline dragged by stocks that are highly sensitive to interest rate. The benchmark index finished the morning trade lower 168 pts or 0.8% to 21,851. Hang Seng China Enterprises Index slid 96 pts or 1% to 9,374. Half-day market turnover amounted to $30.34 billion. Stocks that are highly sensitive to interest rate were under pressure on the concern that the interest rate will hike at a faster than expected pace. HSBC HOLDINGS (00005.HK) -0.200 (-0.313%) Short selling $37.32M; Ratio 5.767% faded 0.5% to $63.65. HANG SENG BANK (00011.HK) -1.400 (-0.952%) Short selling $9.26M; Ratio 23.872% and BOC HONG KONG (02388.HK) -0.350 (-1.264%) Short selling $23.09M; Ratio 15.909% dipped 0.8% and 2% to $145.8 and $27.15 respectively. Three major real estate stocks fell 0.2%-0.9% since only 100 deals were recorded for the f
HSI Rises 93 pts; Telecom, Apple Concept Stocks Rally The U.S bourses traded mixed last night (7 September). Nasdaq Composite Index inched up and hit the new high again. Hang Seng Index opened lower 37 pts this morning. The benchmark index bounced back after China reporting better than expected August imports and exports data and peaked at 23,842, breaching over a year high. It gained 93 pts or 0.4% to finish the morning trade at 23,834. Hang Seng China Enterprises Index lifted 33 pts or 0.3% to 10,003, reclaiming 10,000 pts. Half-day market turnover amounted to $41.02 billion. HSBC HOLDINGS (00005.HK) +0.150 (+0.254%) Short selling $176.38M; Ratio 15.821% and TENCENT (00700.HK) +1.800 (+0.844%) Short selling $97.33M; Ratio 5.725% stabilized with a rise of 0.3% and 0.6% respectively. Chinese bank CCB (00939.HK) +0.020 (+0.333%) Short selling $190.11M; Ratio 25.878% and PING AN (02318.HK) +0.400 (+0.935%) Short selling $117.29M; Ratio