Daily Hong Kong Stock Market News Brief (November 20, Wednesday)

USHK News
2024.11.20 00:56

Individual Stock News

  1. Junshi Biosciences (01877.HK) signed a licensing agreement involving two dual-target fusion proteins for the treatment of malignant tumors.

  2. GDS (09698.HK) released its third-quarter results, with revenue and adjusted EBITDA increasing by 18% and 15% year-on-year, respectively.

  3. JP Morgan reduced its holdings in China Tourism Group Duty Free Corporation (01880.HK) by 285,636 shares, at a price of approximately HKD 52.91 per share.

  4. Kingsoft Cloud (03896.HK) announced its third-quarter results, with total revenue reaching RMB 1.886 billion, a year-on-year increase of 16.0%.

  5. Weibo (09898.HK) reported a third-quarter net profit attributable to shareholders of USD 131 million, a year-on-year increase of 68.5%.

  6. TONGCHENGTRAVEL (00780.HK) achieved record highs in both revenue and adjusted net profit in the third quarter, with transaction volume increasing by 2.4% year-on-year to RMB 72.8 billion.

  7. KINGSOFT (03888.HK) reported record highs in total revenue and operating profit for the third quarter, with profit attributable to the parent company reaching approximately RMB 413 million, a year-on-year increase of 13.51 times.

  8. XPeng (09868.HK) released its third-quarter results, with automotive sales revenue of RMB 8.8 billion, a year-on-year increase of 12.1%, and gross margin further increasing to 15.3%.

  9. Hong Kong Broadband (01310.HK): has received a non-binding proposal from China Mobile Hong Kong and is still discussing the terms of the proposal.

  10. Alibaba (09988.HK) plans to issue USD 2.65 billion and RMB 17 billion in bonds

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