Daily Hong Kong Stock Market News Briefing (November 27, Wednesday)

USHK News
2024.11.27 01:05

Individual Stock News

  1. CHOW TAI FOOK (01929.HK): Revenue of HKD 39.41 billion and net profit of HKD 2.53 billion in the first half of the year. Plans to deploy up to HKD 2 billion (USD 257 million) from internal resources for share repurchase.

  2. New World Development Company Limited (01030.HK): PwC has agreed to resign as auditor and will be replaced by Crowe Horwath.

  3. Zhihu (02390.HK) Q3 2024 Financial Report: Revenue of CNY 845 million, net loss decreased by 96.8% year-on-year.

  4. China Evergrande Group (03333.HK): Guangzhou court has imposed consumption restrictions on the company and Xu Jiayin, and the company's stock will continue to be suspended.

  5. Anta Sports (02020.HK): Plans to repurchase EUR 1 billion zero-coupon secured convertible bonds maturing in 2025; plans to issue EUR 1.5 billion zero-coupon secured convertible bonds maturing in 2029.

  6. Beijing Resources (00618.HK): Issued a profit warning, expecting a mid-term loss of approximately CNY 1.2 billion to 1.5 billion. Mainly due to a decrease in the delivered area of property development projects and the need to make substantial inventory impairment provisions due to the continued downturn in the real estate market.

  7. Bay Area Development (00737.HK): In October, the total toll revenue for the Guangzhou-Shenzhen Expressway, Guangzhou-Zhuhai West Line Expressway, and Jiangjiang Expressway (Shenzhen section) was approximately CNY 209 million, CNY 84.794 million, and CNY 62.466 million, representing year-on-year decreases of 6%, 14%, and an increase of 25%, respectively.

  8. Shimao Group (00813.HK): Plans to hold a hearing scheduled for January 16, 2025.

  9. Shanghai Electric (02727.HK): Plans to publicly list and transfer 100% equity of Suning Company to focus on independent research and development of core equipment and product technology

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