07, 03, 2019
Today Market
> U.S.: DJ 25673 -133 (-0.52%), S&P 2771 -18 (-0.65%), NASDAQ 7505 -70 (-0.93%).
Oil futures US$56.22 -$0.34 (-0.6%).
Gold futures US$1287.6 +$2.9 (+0.2%).
> HSI 29037 +76 (+0.26%), HSCSI 11592 +9 (+0.08%), T/O HK$114.56B -3.4% DOD.
SHORT SELL 13.8% VS PRIOR 14.7%.
> China traders buy net US$276.8m H.K. shares via stock connect.
* Geely Auto (175 HK), Feb. auto sales fall 24% yoy to 83,552 units, Jan-Feb unit sales decline -9% yoy, achieve 16% of the year target of 1.51m units.
* Techtronic (669 HK),FY net inc. US$552m +17.4% yoy misses estimates by 1.4%, revenue +15.8% yoy. Declares div HK$0.50 +25.7% yoy.
* MGM China (2282 HK), FY net HK$1.068b -54% yoy, revenue 4.9% below estimates.
* MMG (1208 HK), FY net US$38.3m -54% yoy, revenue -2% yoy.
* Ping An Insurance (2318 HK), bought ~21.7m ICBC H-shares March 1.
* GF Securities (1776 HK, 000776 CH), reports Feb 2019 net profit 491m yuan.
* IGG Inc (799 HK), says leaked results correct, not authorized for publication.
* Rusal (486 HK), 4Q revenue US$2.37b, adj Ebitda US$363m. Expects aluminum demand to recover after trade wars.
* China Life (2628 HK), gets PBOC approval to issue up to 35b yuan bonds.
* FIH Mobile (2038 HK), full year Loss $857.1m, revenue US$1.493b +23.6% yoy.
* China Dev Bank Intl Inv (1062 HK), borad approves sale of 4.67m ADSs of NIO (NIO US) at no lower than US$7.15/shr, reaps gain of ~US$8.39m.
* HKEX (388 HK), listing of Zhongda Intl (909 HK) shares to be cancelled March 8.
* China wins record ETF inflows as emerging markets overhaul looms.
* China due to release end-Feb. FX reserves today; est. $3.088t.
* China oil demand seen peaking in 2025 as EVs and rail take over.
* Blackstone said to mull $1.5b Shanghai property deal.