27, 03, 2019
Today Market
Today Market
> U.S.: DJ 25657 +140 (+0.55%), S&P 2818 +20 (+0.72%), NASDAQ 7691 +53 (+0.71%).
Oil futures US$59.94 +$1.12 (+1.9%).
Gold futures US$1315.0 -$7.6 (-0.6%).
> HSI 28566 +43 (+0.15%), HSCSI 11231 -0.3 (-0.0%), T/O HK$88.34B -19% DOD.
SHORT SELL 12% VS PRIOR 13.8%.
> China traders buy net US$48.5m H.K. Shares via stock connect.
Stock News
* Evergrande (3333 HK), FY core profit 78.32b yuan vs est. 45.12b yuan, revenue misses estimates, gross margin 36.2%, net gearing ratio fell to 151.9%. Nil div.
* Brillance China (1114 HK), FY net inc. 5.82b yuan +33% yoy misses est. 6.38b yuan. Nil div.
* Shimao Prop (813 HK), FY net inc. 8.8b yuan +13% yoy inline with estimates. Declares div HK$0.7.
* CR Land (1109 HK), FY core profit 19.3b yuan misses est. 20.16b yuan, gross margin 43.4% vs est. 41%. Declares div 0.949 yuan.
* Kingsoft (3888 HK), 4Q net inc. 229.1m yuan, FY net inc. 389.2m vs est. 67.9m yuan, 4Q online game rev. -12% yoy. Nil div.
* China Postal Bank (1658 HK), FY net income 52.4b yuan +9.8% yoy, a 3.0% below estimates. Declares div 0.1937 yuan.
* Citic Bank (998 HK), FY net income 44.51b yuan +4.6% yoy, a 1.8% above estimates. Declares div 0.23 yuan.
* CRRC Times (3898 HK), FY net inc. 2.612b yuan, revenue meets estimates. Declares div 0.45 yuan.
* BAIC Motor (1958 HK), BAIC Motor, Daimler to contribute $892.84m to Beijing Benz.
* Fosun Int’l (656 HK), FY net inc. 13.4b yuan +1.9% yoy beats estimates. Declares div HK$0.37.
* GF Securities (1776 HK), FY IFRS net 4.3b yuan -50% yoy misses lowest estimate.
IPO:
* Pipeline Engineering (1865 HK), trading debut, offer price HK$0.55 apiece.
* IPO: Cansino Biologics (6185 HK), fixed offer price @HK$22.0 each, raising net HK$1.15b, retail tranch 91x covered. Listing Mar 28.
Financial News
* U.S., China trade talks to resume as Trump vows ‘excellent’ deal.
* China scales back subsidies for electric cars to spur innovation.
* China suspends airworthiness certificate for Boeing 737 Max jet.