-

HSI Leaps 314 pts, Led by Tencent,  

 The US stocks steadied last Friday (11 August) but the increase was curbed due to the intense geopolitics situation between the US and North Korea. Dow Jones Industrial Average ended higher 14 pts or 0.07%. This morning, after Hang Seng Index had opened up 208 pts, it soared 327 pts at most in early session to peak at 27,210, recouping 20MA (about 27,189). At midday, Hang Seng Index closed up 314 pts or 1.2% to 27,197. Hang Seng China Enterprises Index recovered 122 pts or 1.2% to 10,695. Half-day market turnover amounted to $48.134 billion.

Technology stocks rocketed. TENCENT (00700.HK)  +11.400 (+3.670%)    Short selling $250.04M; Ratio 4.588%   , which will release the interim results this Wednesday (16 August), jumped 2.8% to $319.2. Apple-concept stocks fared well, with AAC TECH (02018.HK)  +7.900 (+7.404%)    Short selling $37.99M; Ratio 10.031%   surging 6.3%, being the best performer of blue chips. To unveil interim results today, SUNNY OPTICAL (02382.HK)  +6.100 (+6.321%)    Short selling $60.03M; Ratio 10.046%   shot up 5.5%. Q TECH (01478.HK)  +1.680 (+13.355%)    Short selling $13.58M; Ratio 3.933%   rallied 12.2%.

HSBC HOLDINGS (00005.HK)  +0.300 (+0.401%)    Short selling $93.77M; Ratio 9.965%   and AIA (01299.HK)  +0.406 (+0.693%)    Short selling $66.40M; Ratio 14.605%   added 0.7% and 0.9%. Yet, CHINA MOBILE (00941.HK)  -0.300 (-0.342%)    Short selling $165.38M; Ratio 14.344%   inched down 0.06%. CHINA UNICOM (00762.HK)  +0.740 (+6.503%)    Short selling $85.22M; Ratio 16.852%   spiked 5.6% on the expectation of 69% yearly growth in interim profit. GEELY AUTO (00175.HK)  +0.780 (+4.235%)    Short selling $38.84M; Ratio 5.871%   spurted 4.1%.

The People's Bank of China (PBOC) said it proposed to include some banks' certificates of deposits into the Macro Prudential Assessment (MPA) as from next year. Chinese financials were in good shape. CHINA CINDA (01359.HK)  +0.060 (+1.905%)    Short selling $5.64M; Ratio 3.030%   and PING AN (02318.HK)  +1.300 (+2.321%)    Short selling $124.24M; Ratio 12.819%   leaped 2.2% and 2.4%, being the best performers of HSCEI constituents. CPIC (02601.HK)  +0.750 (+2.206%)    Short selling $29.07M; Ratio 18.612%   , BANK OF CHINA (03988.HK)  +0.040 (+1.058%)    Short selling $78.09M; Ratio 18.379%   , CCB (00939.HK)  +0.080 (+1.262%)    Short selling $100.19M; Ratio 13.060%   and ICBC (01398.HK)  +0.080 (+1.509%)    Short selling $160.44M; Ratio 19.968%   lifted 1.5%-1.9%. 

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...
Read more
-
Image
Business receipts in value terms of most of the major service industries showed increases of different magnitudes in the second quarter of 2014 when compared with the second quarter of 2013, according to the provisional figures of business receipts indices released today (September 11) by the Census and Statistics Department (C&SD). Comparing the second quarter of 2014 with the second quarter of 2013, double-digit increases were recorded in business receipts of the real estate (+20.7%); insurance (+18.9%); courier (+11.8%); administrative and support services (+10.2%); and warehousing and storage (+10.0%) industries. On the other hand, the retail industry recorded a more noticeable decrease (-7.0%) in business receipts during the same period. Analysed by service domain, business receipts of the tourism, convention and exhibition services domain decreased by 7.5%, whereas those of the computer and information technology services domain increased by 1.1% during the...
Read more
-
Image
HSBC HOLDINGS Further Expands Mainland Biz; Sets up 24 China Desks Stuart Gulliver, chief executive officer of HSBC HOLDINGS (00005.HK)    -1.550 (-1.855%)       Short selling $345.90M; Ratio 13.050%      , said in 2017 results announcement that the Group’s business mix is more oriented towards Asia, improving its ability to channel the economic and social changes taking place within the world’s fastest growing region. The bank continued to expand its presence in mainland China with the launch of new retail banking products and increased lending in the Pearl River Delta. HSBC now have a total of 24 China desks aimed at supporting Chinese businesses with global outbound ambitions, 20 of which are along the ‘Belt and Road’ routes. 
Read more