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As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
Tourism Board: This year, a total of 150 cruise ship visits to Hong Kong have been accumulated, and will continue to strive for each company to use Hong Kong as a homeport.
The Hong Kong Tourism Board stated that they have been making various efforts to attract different international cruise companies to arrange for their cruise ships to dock in Hong Kong or to use Hong Kong as a homeport. Among them, 3 international cruise ships visited Hong Kong yesterday and today (October 24th to 25th), bringing a total of approximately 8,000 tourists from Mainland China and over 30 countries and regions. The Tourism Board also mentioned that throughout the year, 30 cruise companies arranged for their cruise ships to visit Hong Kong, offering approximately 150 sailings. The authorities will continue to maintain close contact with cruise companies to attract different Mainland and international cruise ships to visit Hong Kong, bringing in more tourists to the city. (js/w)~
CINESE INTL: Interim Report 2024
CINESE INTL: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Chinese intl (01620.HK) profit warning: expected mid-term pre-tax loss of no less than 19 million Hong Kong dollars.
Futu Holdings (01620.HK) announced on August 27th that, based on the preliminary evaluation of the unaudited comprehensive management accounts for the six months ended June 30, 2024 ("the current period"), the Group expects to record a pre-tax loss of not less than 19 million Hong Kong dollars for the six months ended June 30, 2024. This is compared to a pre-tax surplus of approximately 1.8 million Hong Kong dollars for the six months ended June 30, 2023. Based on the available information, the expected pre-tax loss for the period is primarily attributed to expected credit losses on financial assets.
CINESE INTL: PROFIT WARNING
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