Daily Hong Kong Stock Market News Briefing (January 27, Monday)
Individual Stock News
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New World Development (00017.HK): The company is in negotiations with potential buyers regarding the potential sale of K11 Art Mall, but no binding agreements have been made regarding such sales.
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China Life Insurance (02628.HK): It is expected that the net profit for the year 2024 will be approximately RMB 102.368 billion to RMB 112.605 billion, representing a year-on-year increase of about 100% to 120%.
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PICC Group (01339.HK): The company issued a profit warning, expecting the net profit attributable to shareholders for the year 2024 to be between RMB 39.853 billion and RMB 44.407 billion, a year-on-year increase of 75% to 95%.
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Guotai Junan (02611.HK): The revenue for 2024 is expected to be RMB 43.406 billion, an increase of 20.1% year-on-year; net profit is expected to be RMB 13.018 billion, an increase of 38.87% year-on-year.
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CIMC Group (02039.HK): It is expected that the net profit for 2024 will be between RMB 2.5 billion and RMB 3.5 billion, representing a year-on-year increase of 493% to 731%.
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China Eastern Airlines Corporation (00670.HK): The company issued a profit warning, expecting a net loss for 2024 to be between RMB 3.3 billion and RMB 4.3 billion, significantly narrowing year-on-year.
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Datang Power (00991.HK): The company issued a profit warning, expecting the net profit attributable to shareholders for 2024 to be approximately RMB 4.2 billion to RMB 4.8 billion, a year-on-year increase of about 208% to 252%.
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CHINFMINING (01258.HK): The company issued a profit warning, expecting annual profits to be approximately USD 400 million, a year-on-year increase of about 44%.
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CHALIECO (02068.HK): It is expected that the net profit attributable to shareholders for 2024 will be approximately RMB 170 million to RMB 230 million.
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China Petroleum & Chemical Corporation (00386.HK): The company released its production and operation data for 2024, with oil and gas equivalent production of approximately 515 million barrels, a year-on-year increase of 2.21%; crude oil production of approximately 282 million barrels, a year-on-year increase of 0.26%; and natural gas production of 14,003.9 billion cubic feet, a year-on-year increase of 4.68%