The top gainers among H-shares were China Merchants Bank Co Ltd up 2.04 percent ... trading at a premium of 27.68 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 15.05 as of the last full trading ... ( read original story ...)
Ping An gears up for IPO of its health care tech unit on Hong Kong stock exchange
Ping An Insurance said on Monday evening that it has got the go-ahead from the Hong Kong exchange to list its health care technology unit on the main board. “The stock exchange has confirmed that the company may proceed with the proposed spin-off and ... ( read original story ...)
Hang Seng’s 7-day win streak snapped as Hong Kong market takes a breather
HSI financial sector sub-index is 0.7 percent lower; property sector down 0.9 percent Jan 29 (Reuters) - Hong Kong’s Hang Seng Index fell on Monday ... The top gainers among H-shares were Postal Savings Bank of China Co Ltd up 5.03 percent, followed ... ( read original story ...)
China’s Agile says unit plans $600 mln IPO in Hong Kong
HONG KONG, Jan 29 (Reuters) - China property developer Agile Group Holdings Ltd said it was looking to list its property management unit on the main board in Hong Kong, raising up to HK$4.7 billion ($600 million) to fund investments, acquisitions and ... ( read original story ...)
Hong Kong’s Hang Seng Closes at Record High
Meanwhile, Hong Kong stocks look “somewhat on the pricey side,” said Johan Jooste, chief investment officer at Bank of Singapore, in a news conference last week. The Hang Seng trades with a forward price-to-earnings ratio of 13.4, according to data ... ( read original story ...)
Hong Kong wipes out 2,000% stock gains with small IPO clampdown
Hong Kong: The world’s most volatile new stocks are vanishing from Hong Kong after regulators tightened oversight of the city’s small-cap Growth Enterprise Market. Stocks debuting on GEM in the past 12 months rose an average 23% on their first day of ... ( read original story ...)
Hong Kong Market May Open Under Pressure On Thursday
BOC Hong Kong collected 0.84 percent, Sands China shed 0.82 percent, Industrial and Commercial Bank of China lost 0.68 percent, New World Development slid 0.48 percent, AIA Group fell 0.22 percent, Hong Kong & China Gas dipped 0.13 percent and Power Asset ... ( read original story ...)
Hong Kong Bourse May Extend Thursday’s Losses
BOC Hong Kong lost 0.60 percent and China Mobile fell 0.30 percent. The lead from Wall Street offers little clarity as stocks were mixed again on Thursday as the Dow and the S&P 500 hit new record closing highs, but the tech-heavy NASDAQ ended in the red. ( read original story ...)
Is the Market Too Aggressive on a BoC slam-dunk rate hike?
In Hong Kong, the Hang Seng Index rose to a fresh closing high overnight ... USD/CAD (C$1.2433) is not straying too far from yesterday’s close ahead of this mornings Bank of Canada (BoC) rate decision. Markets are looking for the central bank to hike ... ( read original story ...)
Hong Kong Stock Market May Take Further Damage
BOC Hong Kong collected 0.74 percent, Henderson Land shed 0.67 percent, New World Development lost 0.65 percent, China Petroleum and Chemical (Sinopec) fell 0.61 percent, China Life added 0.40 percent, Industrial and Commercial Bank of China gained 0.15 ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Slip From Record High
HONG KONG (Jan 25) -- Hong Kong stocks retreated on Thursday from ... with Industrial & Commercial Bank of China (ICBC) and Bank of China (BOC) shedding 1.9% each. Concerns that share placements by an increasing number of companies would absorb some ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Rebound, Poised For Fresh Record High
and Bank of China (BOC) each added 3.7%. Heavyweights Tencent Holdings and Ping An Insurance Group climbed 2.5% each. More than 95 billion Hong Kong dollars ($12.2 billion) in shares had changed hands on the stock exchanges main board by noon, with ... ( read original story ...)
Dovish BoC Remains a Risk Ahead of Rate Decision
There is a possibility that tomorrow’s BoC statement could emphasizes their cautious outlook ... some of the dollar-driven gains they made in yesterday’s session. In Hong Kong, the benchmark Hang Seng Index rose to a record closing high overnight ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Score Fresh All-time High
Hong Kong's Hang Seng Index rose 0.3% to end at 31,983.41 ... 01:24p TSX set to open higher ahead of BoC interest rate decision 12:07p MARKET SNAPSHOT: Dow Futures Point To Triple-digit Gain And Fresh Push Toward 26,000 12:07p CHARLES SCHWAB: Dow Futures ... ( read original story ...)