HONG KONG (Reuters) -Shares of New World Development, a major Hong Kong property developer, plunged 14% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ...
Hong Kong property: cash-rich buyers make most of Peak distress amid 50% price slump
Distressed sales in Hong Kong’s luxury property market have driven prices down by as much as 50 per cent, with opportunistic buyers snapping up bargains, Savills says.
Exclusive | Top Hong Kong insurer HSBC Life targets Asia’s rich, Greater Bay Area retirees for growth
“To me, that shows Hong Kong is fundamentally an international financial city, and our products and services need to be international,” Moncreiffe said.
HK $300 drop in monthly income of Hong Kong residents, unemployment rising: Official survey
Hong Kong economic situation has seen a notable downturn in the second quarter of this year, with residents earnings and employment figures reflecting increa ...
NWD to report US$2.4 billion loss in past financial year amid property sector woes
New World Development (NWD), controlled by one of Hong Kong's richest families, looks set to report a loss for its financial year ending June, as property market woes continue to beset the city and ...
{Hot Stocks}CM BANK(03968) quoted at HK$32.1, down 5%
[ET Net News Agency, 30 August 2024] CM BANK (03968) fell 5% to HK$32.1, dipping below the 100-D SMA of HK$33.037. It hits an intra-day low of HK$32.1, and an intra-day high of HK$33.6. The total ...
DAH SING (00440.HK), DAHSING BANKING (02356.HK) Surge 7-9%; Interim Dividends Hike
DAHSING BANKING (02356.HK)'s interim profit hiked 25.6%, and interim dividend increased to $0.27. The afternoon's gains amplified, prompting the stock to last at $6.67, up 7.23%, with 908,800 shares ...
BOC HONG KONG (02388.HK) 1H24 Loan & Other Impairment Allowances Net at RMB2.067B, Hiking 68.7% YoY
BOC HONG KONG (02388.HK) announced that the net charge of impairment allowances on advances and other accounts in 1H24 was $2.067 billion, an increase of 68.7% YoY.Impairment allow... BOC HONG KONG ...
BOC Hong Kong (Holdings) (BNKHF) Gets a Buy from DBS
In a report released today, Manyi Lu from DBS maintained a Buy rating on BOC Hong Kong (Holdings) (BNKHF – Research Report), with a price ...
Elhedery to start his first day as global CEO in Hong Kong, showing city’s value to HSBC
Elhedery will spend a few days with staff, visit key customers and Hong Kong's financial regulators before returning to London at the end of next week Georges Elhedery, the incoming chief executive ...
Hong Kong life insurance sales hit record, driven by buyers from China and a jumbo policy
Though the premium was not disclosed, the sale was a major boost to total sales of new life insurance and helped HSBC Life maintain its position as the top life insurer in Hong Kong in terms of new ...
HK Dollar 300 drop in monthly income of Hong Kong residents, unemployment rising: Official survey
Hong Kong's economy has taken a downturn in the second quarter, with a notable drop in median monthly incomes and higher unemployment, reported South ...
BOC HONG KONG Rallies 3%; 1H NP Up 17.9%, Interim DPS Adds to 57 Cents
BOC HONG KONG (02388.HK) earned 17.9% more in 1H24 and declared an interim dividend increased to 57 cents. This morning, the stock cracked opened 2.96% higher at $24.35, with 413,500 shares traded ...
{Hot Stocks}BOC HONG KONG(02388) quoted at HK$24.75, up 4.7%
[ET Net News Agency, 30 August 2024] BOC HONG KONG (02388) rose 4.7% to HK$24.75. It hits an intra-day high of HK$24.85, hitting an 1-month high, and an intra-day low of HK$23.8. The total shares ...