Nomad Investors

Hang Seng Index opened down 12 pts and once hit the peak at 27,854. However, amid a plunge in mainland stock market, the index closed at 27,551, down 105 pts or 0.4%. The intra-day volatility amounted to 760 pts. Hang Seng China Enterprises Index gained 12 pts or 0.9% to 14,127. Market turnover rose to $195.23 billion. CK PROPERTY (01113.HK)    -4.050 (-5.466%)       Short selling $45.89M; Ratio 0.733%      softened after its first trading day and closed at $70.05, down 5.5%, marking the biggest decline among blue chippers. CKH HOLDINGS (00001.HK)    -3.700 (-3.136%)       Short selling $304.24M; Ratio 8.366%      tumbled 3.1%, while SHK PPT (00016.HK)    -2.400 (-1.791%)       Short selling $219.26M; Ratio 34.242%      and HANG LUNG PPT (00101.HK)    -0.400 (-1.626%)       Short...

Morgan Stanley stated that since the life cycle of two BYD COMPANY (01211.HK)    +2.050 (+3.761%)       Short selling $100.20M; Ratio 7.394%      's main traditional cars is coming to the end soon and the company is lack of a strong model lineup, it is expected the sales of traditional cars will be under pressure in 2015. However, the company planned a private A-share placement to raise RMB15 billion and that could help with the development of new energy car industrial chain. The broker mentioned that MIIT announced in May that it aimed for annual domestic new energy vehicle sales volume of over 1 million units by 2020, accounting for 70% market share in China. It is expected that the Chinese government will announce additional policies to support the development in the coming few years. The broker raised the sales forecast of new energy vehicles in 2015 and also lifted EPS forecast in 2016 and 2017 by 22.9% and 23.3%, resp...

Greece has not reached an agreement with the Eurozone finance ministers on the debt negotiations and European and the United States stock markets softened. Therefore, Hang Seng Index opened down 54 pts this morning and once hit the lowest at 27,520, down 197 pts. The index closed at 27,630 at midday, down 87 pts or 0.32%. Hang Seng Chinese Enterprises Index fell 146 pts or 1.03% to 14,036. The market turnover amounted to $78.147 billion. HSBC HOLDINGS (00005.HK)    -0.550 (-0.726%)     Short selling $78.89M; Ratio 11.090%    and CHINA MOBILE (00941.HK)    -1.400 (-1.300%)     Short selling $62.32M; Ratio 11.548%    both edged down nearly 0.3%, last stood at $75.55 and $107.4 respectively. TENCENT (00700.HK)    -0.500 (-0.315%)     Short selling $126.13M; Ratio 9.754%    , which is going to publish its quarterly results on ...