Daily Hong Kong Stock Market News Summary (November 13, Wednesday)
Individual Stock News
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China Evergrande (03333.HK): The court stated that the liquidation hearing date is unlikely to be earlier than February 20, 2025.
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Tencent Music (01698.HK): Total revenue for Q3 2024 was RMB 7.02 billion, a year-on-year increase of 6.8%; adjusted net profit was RMB 1.94 billion, a year-on-year increase of 29.1%; online music subscription revenue increased by 20.3% year-on-year to RMB 3.84 billion; the number of online music paying users increased by 15.5% year-on-year to 119 million.
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CSPC PHARMA (01093.HK): The bivalent human papillomavirus mRNA therapeutic vaccine (SYS6026) has received approval for clinical trials.
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Beigene (06160.HK): Q3 2024 product revenue net was USD 993 million, an increase of 67% year-on-year; total revenue was USD 1.002 billion, an increase of 28% year-on-year; adjusted operating profit was USD 65.63 million.
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China COSCO Shipping Energy Transportation (01138.HK): After review, the board approved the investment by its wholly-owned subsidiary Hainan COSCO Shipping Energy Transportation Co., Ltd. to build 6 ultra-large oil tankers with a deadweight tonnage of 307,000 tons, with a total contract price of RMB 5.748 billion (including tax).
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NAYUKI (02150.HK): Since launching the first product of the "No Sugar Fresh Fruit Tea" series, "No Sugar NAYUKI Black Grape," on October 10, 2024, NAYUKI stores have sold over 1.8 million cups of "No Sugar NAYUKI Black Grape" and over 3.1 million cups of "No Sugar Fresh Fruit Tea" series products within a month, driving an overall sales increase of 16.4% for the "Fresh Fruit Tea" series compared to the same period last year.
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Baozun E-commerce (09991.HK): Released the ultimate report for Double 11, with GMV growing by double digits year-on-year, 4 brands achieving over RMB 1 billion in sales online, and 27 brands achieving over RMB 100 million in sales online.
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Excellence Education Group (03978.HK): Non-executive director Wu Wei has been appointed as a member of the company's audit committee, effective from November 12, 2024