Hong Kong Stock Exchange

Hong Kong Stock Exchange Recent News

Didi Global Inc. To List On Hong Kong Stock Exchange According To Reports
China’s largest ride-hailing company Didi Global Inc.
These Hong Kong-Listed Companies Spent Over $10 Million Thursday Buying Back Their Own Shares
A total of 38 companies repurchased HK$810 million ($105 million) of their shares on the Hong Kong Stock Exchange Thursday.
China's Number One Shipbuilder Hit Hard By Global Macro In H1 But Its EV Spin-off Is Making Record Sales
China International Marine Containers (Group) Co., Ltd. released worse-than-expected unaudited interim 2023 earnings Thursday.
Here's A List Of The Top 10 Hong Kong Companies Buying Back Their Shares In September
As Hong Kong markets have sold off hard over the past few months, corporate stock repurchases have surged to an all-time high.
Cancer Drug Maker 3D Medicines Inc. Trading Higher After Company Announces It Will Repurchase Up To 10% Of Outstanding Shares
3D Medicines Inc. was trading 7.2% higher in the Hong Kong Wednesday morning session at HK$5.53 after the company announced that it is buying back up to 10% of its own stock.
China Evergrande Shares Soar On Trading Resumption In Hong Kong, Sparking Bailout Speculation
Shares of Hong Kong property developer China Evergrande Group Limited (OTC: EGRNF) surged after it resumed trading in Hong Kong Tuesday morning, buoyed by speculative bets in an otherwise down market.
Take Four: Nicefilm Rides Entertainment Rebound To New Listing Attempt
Key Takeaways: Nicefilm has applied a fourth time to list in Hong Kong, reporting its 2022 profit jumped by 2.5 times, mainly due to strong IP sales  The entertainment company’s profit has been volatile in the past few years due to the hit-and-miss nature of the filmed entertainment business By Emily Chan
Tuhu Car IPO Gets Off To Slow Start Despite Star Power
Key Takeaways: Tuhu has been backed by five established investors including Tencent, Leapmotor and Gotion High-Tech in its public offering starting last Friday The company posted an adjusted profit for the first time in its latest half-year earnings but its Hong Kong shares got a lukewarm response from the public By A. Au
Fourth Paradigm Rides AI Wave To IPO, But Faces Choppy Waters
Key Takeaways: Fourth Paradigm’s IPO application has been accepted by the Hong Kong Stock Exchange, as it targets up to HK$1.15 billion in fundraising The AI company lost 291 million yuan on 644 million yuan in revenue in this year’s first quarter By Lau Chi Hang
Fenbi Scores Earnings Success From Civil Service Exam Boom
Key Takeaways: Fenbi performed well across its three major businesses in the first half, with gross margin on classroom-based tutoring jumping 10 percentage points to 46.3% Going forward, the company plans to invest in upgrading its AI technology By Molly Wen
A Week in Review: Economic Uncertainties Stir Global Markets
Hong Kong Stock Market
Hong Kong's First SPAC Pumps Up With Steel Trader ZG Group
Key Takeaways: ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion The company lost a combined 1.1 billion yuan in the past three years and reported an additional 44.6 million yuan loss in this year’s first quarter 
China Renaissance In 'Most Challenging Period Since Its Establishment' Amid Founder's Absence
Key Takeaways: China Renaissance’s revenue fell about 7% year-on-year in the first half, while its net loss narrowed slightly The results highlight the company’s challenges as its founder remains absent and economic uncertainty leads to weak fundraising demand from Chinese companies By Warren Yang
A Week In Review: Hong Kong And US Stock Markets Show Signs Of Recovery, US Fixed Income Market Sees Demand For Safe-Haven Assets
Hong Kong Stock Market
New Horizon Health Finds Formula For Profits Ahead Of Schedule
Key Takeaways: New Horizon Health posted a 61.3 million yuan adjusted profit in the first half of 2023, benefiting from soaring revenue for its three approved products The company sees big growth potential for its home-based cervical cancer screening product By Molly Wen
Funding Boost Gets Sunho Biologics Over The IPO Filing Line
Key Takeaways: With no product or licensing revenue, Sunho Biologics has been piling up debts from high R&D spending The company only just crept over the listing threshold after a fund-raising round in May boosted its market capitalization By Molly Wen
HeyTea Brings Its Bubbly Brew To Europe, But Are Its Prospects Deflating?
Key Takeaways: HeyTea’s opening of a London store, its first outside Asia, was marked by long lines and general chaos, leading some to complain on social media The premium tea chain has been mum on potential plans to revive a stalled IPO, even as some rivals may be considering Hong Kong and U.S. listings By Edith Terry
A Week In Review: Hong Kong's Decline, US Mixed Performance, Rising US Bond Yields
Hong Kong Stock Market
Country Garden Deconstructed By Slumping Sales, Heavy Debt
Key Takeaways: Country Garden warned it expects to report a loss of up to 55 billion yuan for the first half of this year The leading property developer’s sales fell 35% in the first seven months of this year, reaching 140.8 billion yuan By Yi Xi
East Buy Turns Douyin Setback Into Publicity Coup
Key Takeaways: East Buy swiftly launched a 15% discount on its own app after the Douyin livestreaming account was blocked More than 330,000 users downloaded its app in a single day, triggering a share price rally By Molly Wen
Deflated Tom Group Mired In Losses 23 Years After Splashy Debut
Key Takeaways: •     Tom Group returned to the red in the first half of this year, after posting its first annual profit last year since 2018 •     The company earns most of its revenue from a Taiwan publishing unit, and also invests in tech companies By Edith Terry
Auditor Drops Huafang, Dealing New Blow To China's 'Internet Bad Boy'
Key Takeaways: KPMG has abruptly resigned as Huafang’s auditor, dealing a major setback as the company seeks to end a four-month trading suspension of its shares The livestreaming entertainment platform’s secretary and vice president Jiao Yang resigned a month after trading of Huafang’s shares was suspended in April
Riding Economic Waves: US, China, And Hong Kong In 2H 2023
GDP growth rate is improving. In the first half of 2023, China’s GDP grew by 5.5% year-on-year. By quarter, it grew by 4.5% in the first quarter and 6.3% in the second quarter. In the first and second quarters of 2022, GDP grew by 4.8% and 0.4% respectively.