-


HSI Hikes 122 pts; STANCHART Rallies 6.9%

 Trading in the US bourse was suspended last night (16 January) on Martin Luther King Jr. Day. Asia Pacific stocks traded mixed. Hang Seng Index, after opening higher 101 pts, once sagged 7 pts to bottom at 22,710 but reverted up later on to peak at 22,867. It finished the day higher 122 pts or 0.5% to 22,840. Hang Seng China Enterprises Index grew 36 pts or 0.4% to 9,702. Market turnover shrank to $50.679 billion.

Before British Prime Minister Theresa May making her speech on Brexit strategies, STANCHART (02888.HK)  +4.600 (+6.891%)    Short selling $79.06M; Ratio 10.602%   soared 6.9% and closed at $71.35, surging above 52-week high; HSBC HOLDINGS (00005.HK)  +1.000 (+1.582%)    Short selling $61.14M; Ratio 4.514%   gained 1.6%. Cheung Kong series of companies, which planned to acquire Australian company DUET, traded mixed: CKI HOLDINGS (01038.HK)  -0.600 (-0.975%)    Short selling $20.39M; Ratio 15.864%   fell 1% and CKH HOLDINGS (00001.HK)  -0.200 (-0.221%)    Short selling $72.94M; Ratio 23.833%   also declined 0.2%; POWER ASSETS (00006.HK)  +0.300 (+0.414%)    Short selling $25.62M; Ratio 15.172%   ticked up 0.4%. CK PROPERTY(01113.HK)  +1.100 (+2.218%)    Short selling $16.81M; Ratio 3.689%   repurchased 4.24 million shares of the company, involving $210 million; it gained 2.2%, being the best performer among blue-chips.

Blue chips TENCENT(00700.HK)  +1.000 (+0.508%)    Short selling $87.71M; Ratio 5.005%   and HKEX(00388.HK)  +0.900 (+0.486%)    Short selling $21.80M; Ratio 7.872%   rose 0.5%. AIA(01299.HK)  +0.400 (+0.861%)    Short selling $172.70M; Ratio 19.089%   added 0.9%. CHINA UNICOM(00762.HK)  +0.090 (+1.027%)    Short selling $37.36M; Ratio 19.764%   and CHINA MOBILE(00941.HK)  +0.800 (+0.950%)    Short selling $36.92M; Ratio 4.831%   gained nearly 1%. CATHAY PAC AIR(00293.HK)  +0.180 (+1.657%)    Short selling $25.59M; Ratio 8.405%   increased 1.7%. MENGNIU DAIRY(02319.HK)  -0.300 (-2.046%)    Short selling $87.25M; Ratio 33.188%   slumped 2% after its rating and target price were cut by Credit Suisse, being the worst performer of blue chips. 

Auto stocks showed strong momentum. DONGFENG GROUP(00489.HK)  +0.280 (+3.571%)    Short selling $12.91M; Ratio 4.838%   soared 3.6%, being the best-performing HSECI constituent. GEELY AUTO(00175.HK)  +0.420 (+5.122%)    Short selling $30.43M; Ratio 6.329%   leaped 5.1%. BRILLIANCE CHI(01114.HK)  +0.280 (+2.555%)    Short selling $12.47M; Ratio 15.732%   elevated 2.6%. GREATWALL MOTOR(02333.HK)  +0.100 (+1.258%)    Short selling $59.95M; Ratio 26.517%   jumped 1.3%. Military aerospace stocks and stocks with related background were speculated. AVIC INT'L(00232.HK)  +0.055 (+11.340%)    Short selling $32.72K; Ratio 0.236%   and COMEC(00317.HK)  +1.440 (+11.339%)    Short selling $7.23M; Ratio 5.865%   rallied 11.3%. AVICHINA(02357.HK)  +0.300 (+5.396%)    Short selling $12.63M; Ratio 12.327%   shot up 5.4%.

Comments

Post a Comment

Popular posts from this blog

-
Image
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK)    -0.160 (-1.447%)    Short selling $8.89M; Ratio 25.055%   announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
Read more
-
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B  Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of...
Read more
-
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...
Read more