Hang Seng Index

Oct 25, 2024 | thearmchairtrader.com | Stuart Fieldhouse |Hang Seng Index

The Chinese government has injected an element of positivity into Asian markets this month with a surprise stimulus package, the fourth of its kind in 16 years. The government in Beijing obviously felt the economy was flagging enough to unveil another package of measures. The move has certainly boosted Hong Kong stocks and we are also hearing of increased investor interest in previously shunned China ETFs, which have been largely dormant for the past two years.

Oct 20, 2024 | thebambooworks.com | Xiao Lin |Hang Seng Index

The company hopes to revive its prospects through two new joint ventures with ArcelorMittal, as it suffers from weak demand and oversupply in China’s steel industry Key Takeaways: China Oriental’s shares fell after its announcement of a new $2.7 billion green initiative in partnership with global steel giant ArcelorMittal The domestically focused private steelmaker is suffering from sluggish demand from property and infrastructure builders in its home China market By Xiao Lin Think of...

Oct 11, 2024 | thebambooworks.com | Doug Young |Hang Seng Index

The company boosted its share of the global PC market in the third quarter, even as its sales of other products like servers and storage look set to overtake its PC business Key Takeaways: Lenovo consolidated its place as the world’s leading PC maker in the third quarter, boosting its share of the market to 24% from 22.7% a year earlier, according to IDC The company’s gross margins trail its rivals as it sacrifices profitability to gain a foothold in the business of providing infrastructure...

Oct 8, 2024 | thebambooworks.com | Doug Young |Hang Seng Index

The cross-border furniture seller reported its business continues to rebound from an incident that saw it temporarily banned from Amazon’s marketplaces in 2021 Key Takeaways: AuGroup has filed an updated application for a Hong Kong IPO, after previous listing attempts on Shanghai’s STAR Market and Shenzhen’s ChiNext failed The company’s revenue rose 17% in the first four months of this year, as it continues to recover from a major business setback three years ago By Doug Young Its specialty...

Oct 7, 2024 | thebambooworks.com | Xiao Lin |Hang Seng Index

The B2B marketplace unit of JD.com has filed a second time to list, hoping to entice investors with its strong growth amid a surging Hong Kong stock market Key Takeaways: JD.com has refiled to list its Jingdong Industrials subsidiary in Hong Kong, in a deal that could raise $1 billion or more The move may be timed to seize on the recent rally for Chinese stocks, but the IPO may miss that window due to time needed to complete the offering By Xiao Lin E-commerce giant JD.com (JD.US; 9618.HK) is...