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China Feihe Limited Goes Ex Dividend Tomorrow
The Hang Seng Index fell 125 points, with Topsports down 16% and lithium industry stocks rebounding.
The market is waiting for US inflation data. US stock futures are soft, and Hong Kong stocks fell today. The Hang Seng Index opened 182 points lower, with the decline widening to 269 points at a low of 16,964 points. In the afternoon, the decline narrowed, with a total daily drop of 125 points or 0.7% to close at 17,108 points. The HSI Technology Index gained less than 1 point, closing at 3,450 points. The total trading volume of the market for the whole day was 105.785 billion yuan. Chinese tech stocks fell back, with Sinopec (00386.HK), CNOOC (00883.HK), and PetroChina (00857.HK) all down more than 2%.
Hong Kong stocks soar | China Feihe (06186) rose more than 3%, the company's channel inventory remains healthy, and institutions predict that gross margin will further expand in the second half of the year.
China Feihe (06186) rose more than 3%. As of the time of writing, it is up 3.14% to HKD 4.27 with a turnover of 34.6034 million HKD.
The Stock Exchange of Shanghai and the Stock Exchange of Shenzhen: 33 shares will be included in the Hong Kong Stock Connect symbol from today.
The Shanghai Stock Exchange and Shenzhen Stock Exchange have announced that 33 stocks have been included in the list of Hong Kong stocks eligible for trading through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect starting today.
China Feihe (6186.HK): The high-end series drives the improvement of profit margin, but the future profit growth space may be limited; maintaining a neutral stance.
The first half of the year saw an increase in both income and profit. Feihe achieved much better performance than the industry in the first half of 2024. The income for the first half of the year was 10.09 billion yuan (RMB, the same below), a year-on-year increase of 3.7%, while its main business industry - infant formula milk.
China Feihe (06186.HK): 1H24 performance exceeds expectations, dividend income is attractive.
1H24 performance exceeded our expectations. The company announced 1H24 performance: revenue of 10.09 billion yuan, +3.7% year-on-year; net income attributable to mother of 1.875 billion yuan, +10.6% year-on-year. The performance exceeded our expectations, mainly due to revenue and
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