Daily Hong Kong Stock Market News Briefing (Tuesday, October 8th)

Individual Stock News

1. AstraZeneca and SinoPharm Group (01093.HK) have reached an exclusive licensing agreement to advance the development of a preclinical innovative small molecule lipoprotein (a) (Lp(a)) inhibitor. AstraZeneca stated that it will pay SinoPharm Group up to USD 1.92 billion in milestone and royalty fees, as well as a USD 100 million upfront payment.

2. Poly Property Group (00119.HK): In September 2024, the Property Group achieved a contract sales amount of approximately RMB 3.4 billion, with a contract sales area of about 149,000 square meters, and an average contract sales price of around RMB 22,991 per square meter. As of September 2024, the Property Group has cumulatively achieved a contract sales amount of approximately RMB 40.2 billion. The cumulative contract sales area is about 1.586 million square meters, with an average contract sales price of approximately RMB 25,376 per square meter.

3. Hong Kong Exchanges and Clearing Limited (00388.HK): LME and LME Clear have obtained a favorable judgment in a legal lawsuit.

4. Greentown China (03900.HK): In September 2024, Greentown Group achieved sales of 2,193 units in self-owned projects, with a sales area of approximately 310,000 square meters. The sales amount for the month was about RMB 10.6 billion, with an average sales price of around RMB 34,629 per square meter. As of the end of September 2024, Greentown Group has cumulatively obtained a total contract sales area of approximately 9.25 million square meters, with a total contract sales amount of around RMB 187.2 billion.

5. WuXi AppTec (02359.HK) plans to issue USD 500 million convertible bonds, with a conversion price of HKD 80.02 per H-share.

6. Great Wall Motor (02333.HK): The sales volume in the first 9 months is approximately 853,800 units, a decrease of 1.18% year-on-year; among them, the sales volume in September is about 108,400 units, a decrease of 10.88% year-on-year.

7. China COSCO Shipping Corporation Limited (01919.HK): It is expected that the net profit for the first three quarters will be approximately RMB 38.121 billion, an increase of about 72.72% year-on-year.

8. Orient Overseas (International) Limited (00316.HK): Total revenue and total cargo volume for the first three quarters increased by 23.4% and 2.6% year-on-year, respectively