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Shares of US-listed Chinese Stocks Are Possibly Trading Higher Ahead of Expectations That the People's Bank of China Will Cut Rates. Also, the Sector May Be Experiencing Strength After the Fed Cut Rates by 50 Basis Points.
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Sudden move hits directly | ke holdings surged nearly 8% at the close, LPR and existing home loan interest rates may be lowered, major banks bullish on the company's solid financials and shareholder returns
ke holdings rose by nearly 8% in the final trading session, up 7.52% as of the time of publication, at 37.90 Hong Kong dollars, with a turnover of 28.7653 million Hong Kong dollars.
Real estate and property management stocks rise, Runterra (01109.HK) up more than 7%
HSBC research report pointed out that China Res Land (01109.HK) has been oversold, leading to a significant deterioration in its property development factors. The company's valuation is still unreasonable, maintaining a "buy" rating for China Res Land and a target price of 29.6 yuan. The bank also bullish on property management companies China Res Mixc (01209.HK) and Greentown Ser (02869.HK), both rated as "buy" due to their stable growth prospects and dividend payouts. Among developers, the bank prefers shares of Shimao and Longfor (00960.HK) (rated as "shareholding" with a target price of 15 yuan) due to their excellent execution capabilities.
"Dah Sing": HSBC research predicts that the property market will not stabilize until next year. Yuexiu Property (01109.HK) has been excessively sold off.
HSBC Research published a report stating that the team's previous forecast of flat sales of domestic properties in September was overly optimistic. Since July, there has been no improvement in real estate sales, new housing starts, completion, or housing prices in mainland China. HSBC Research has updated its forecast, stating that unless there are unexpected policy stimuli and significant strengthening of the implementation of existing policies, national sales will not actually recover before next year. Property buyers still have concerns about the economy and future income. However, HSBC Research points out that China Resources Land (01109.HK) has been oversold, and most of its premium compared to peers has disappeared. The bank believes that there is still downward risk for the group's property development, but
Repurchase assembly on September 17th | Tencent Holdings, HSBC Holdings, and others have successively repurchased, with Tencent Holdings spending 1.001 billion Hong Kong dollars.
According to the documents disclosed by hkex on September 19, tencent holdings (00700.HK) and hsbc holdings (00005.HK) repurchased shares. ① Tencent Holdings (00700.HK) repurchased 2.64 million shares of common stock on September 17, involving an amount of 1.001 billion Hong Kong dollars, with a repurchase price ranging from 381.4 Hong Kong dollars to 372 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.16 billion shares, accounting for 1.702% of the number of issued shares at the time of the ordinary resolution's approval. ② Hsbc Holdings (00005.HK) on September 1
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