DeTai New Energy (00559) sees substantially lower loss DeTai New Energy Group (00559) expects a substantial decrease in the net loss for the six months ended 31 December 2016 compared to that for the corresponding period in 2015. The decrease was mainly attributable to: (i) the absence of impairment loss on goodwill of approximately HK$132 million; and (ii) the absence of share-based payment expenses of approximately HK$43 million for the six months ended 31 December 2016.
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HSI Opens Up 48 pts; HKEX Sees Continuous Support European and the U.S bourses traded in a narrow range, while Hang Seng Index slightly opened higher 48 pts or 0.2% to 23,533 this morning. Hang Seng China Enterprises Index opened up 25 pts or 0.3% to 9,981. CHINA MOBILE (00941.HK) -0.200 (-0.226%) Short selling $77.91M; Ratio 6.417% and HSBC HOLDINGS (00005.HK) -0.500 (-0.752%) Short selling $72.58M; Ratio 5.675% opened lower 0.3% and 0.5%. Shares in TENCENT (00700.HK) +1.200 (+0.588%) Short selling $155.98M; Ratio 4.780% and AIA (01299.HK) -0.300 (-0.628%) Short selling $171.73M; Ratio 14.838% ticked up 0.8% and 0.5%. The market widely anticipated the upcoming launch of "Bond Connect" and "ETF Connect", sending HKEX (00388.HK) +0.900 (+0.460%) Short selling $327.94M; Ratio 11.452% higher 0.3% to $196 after yesterday's rally of 4.7%. Chinese financials continued to fare well. CCB (00939.HK) +0.030 (+0.513%) Short selling
KVB Kunlun FG (08077): '16 net profit fall >50% KVB Kunlun Financial Group (08077) expects a significant decrease in net profit by over 50% for the year ended 31 December 2016 compared to 2015. Such decrease was mainly attributable to: (i) the decrease in leveraged foreign exchange and other trading income as a result of decreased market volatility; (ii) the decrease in cash dealing income which was mainly attributable to decline in trading volume in cash dealing business; and (iii) the increase in fee and commission expenses paid to service providers.
HSI Opens Up 32 pts; China Mobile, HSBC Holdings Soften The three major U.S indexes traded mixed last night (2 February), with Dow Jones Industrial Average inching down 6 pts to end at 19,884. Trading in the Mainland bourses resumed today after the long Lunar New Year holiday. Hang Seng Index opened higher 32 pts or 0.1% to 23,216. Hang Seng China Enterprises Index opened up 22 pts or 0.2% to 9,718. HSBC HOLDINGS (00005.HK) -0.150 (-0.226%) Short selling $73.20M; Ratio 12.784% and AIA (01299.HK) -0.100 (-0.212%) Short selling $146.24M; Ratio 12.883% opened down 0.2% and 0.1%. CHINA MOBILE (00941.HK) +0.100 (+0.114%) Short selling $35.64M; Ratio 3.948% sagged 0.5%. TENCENT (00700.HK) +1.000 (+0.487%) Short selling $359.02M; Ratio 12.244% inched up 0.1% at open. Macau January gaming revenue missed estimates. SANDS CHINA LTD (01928.HK) -0.150 (-0.447%) Short selling $64.74M; Ratio 14.764% dipped 0.1%. Shares in B
JPM Asset Mgmt Tai Hui Expects US May Raise Rate in Mar at Earliest Tai Hui, Chief Market Strategist, Asia at J.P. Morgan Asset Management, said two to three rate hikes in the US are within reasonable range of expectation, but if the economic condition goes well and the new treasurer will step up efforts in fiscal policies, it is not surprising to see over three rate hikes. Hui expected the rate hike may arrive as soon as March.
Chinese, Mexican Car Companies Invest Over US$200M in Mexican Car Plant Reuters reported that Chinese and Mexican car companies will jointly invest about US$212 million in a car plant in Mexico so as to alleviate the uncertainties of the car-making industry in Mexico brought by US president Donald Trump's policies. Omar Fayad, Governor of Hidalgo in Mexico, said Mexico's Giant, China's JAC Motors and distributor Chori Co Ltd will jointly invest MXN4.4 billion (about US$212 million) in a car plant manufacturing SUVs in Hidalgo.
HSI Opens Down 8 pts; Financials Soften The U.S three major indexes were broadly stabilized last night (1 February), with Dow Jones Industrial Average rising 26 pts or 0.1%. Hang Seng Index slightly opened lower 8 pts or 0.04% to 23,309. Hang Seng China Enterprises Index opened up 1 pt or 0.02% to 9,758. Facebook last quarter net profit escalated more than 1.2 times, topping estimates. TENCENT (00700.HK) 0.000 (0.000%) Short selling $622.95M; Ratio 15.665% inched up 0.2% at open while LENOVO GROUP (00992.HK) +0.020 (+0.397%) Short selling $33.86M; Ratio 16.189% opened higher 1%. Shares in CHINA MOBILE (00941.HK) -0.450 (-0.508%) Short selling $46.52M; Ratio 2.919% sagged 0.5%. HSBC HOLDINGS (00005.HK) +0.050 (+0.075%) Short selling $98.95M; Ratio 9.986% and AIA (01299.HK) -0.600 (-1.251%) Short selling $181.64M; Ratio 11.207% edged down 0.2% and 0.6%. Apple Inc.'s first quarter revenue and EPS hit a new hig