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At midday close, the HSI soared 318 pts or 1.8% to 17,978; the HSCEI gained 115 pts or 1.8% to 6,291; and the HSTECH added 107 pts or 3.1% to 3,644. The total market turnover for the half day escalated to $76.829 billion.HSBC and BOC HONG KONG (02388.HK) both lowered the HKD prime rates by 25 bps to 5.625%. HSBC HOLDINGS (00005....
Recommend
62
Positive
111
Negative
42
The HSI opened 26 points or 0.2% lower at 17,633; the HSCEI opened 2 points or 0.04% lower at 6,173; and the HSTECH opened 2 points or 0.07% higher at 3,539.Home appliance stock HAIER SMARTHOME (06690.HK) surged 2.1%, while MIDEA GROUP (00300.HK) soared 3% at $60.9. Chinese property developers LONGFOR GROUP (00960.HK) and YUEXIU...
Recommend
52
Positive
90
Negative
35
CLSA has released a report noting that China's economy may still have room to decline, making it difficult for Chinese banks to gain meaningful momentum. Their dividend payouts may still be favored as a safe haven before macroeconomic improvements.US interest rate cuts might slightly benefit high-quality value stocks in Hong...
Recommend
33
Positive
47
Negative
31
HKT-SS (06823.HK) remains the best telecom investment target in Hong Kong, and is the only company in the sector with rating at Overweight, Morgan Stanley released a research report saying. The company is the most resilient in an ongoing competitive environment, and is also benefiting from the peak of the investment cycle and ra...
Recommend
36
Positive
65
Negative
30
CLSA released a research report listing the impact on full-year net profit forecasts for Chinese banks from potential mortgage rate cuts at 50/ 60/ 75 bps:Stock│50 bps mortgage rate cut (impact on net profit) │60 bps mortgage rate cut (impact on net profit) │70 bps mortgage rate cut (impact on net profit)PSBC (...
Recommend
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Positive
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Negative
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Recommend
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Recommend
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Positive
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Negative
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Recommend
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Positive
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Recommend
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Positive
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Negative
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Recommend
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Positive
70
Negative
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Recommend
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Positive
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Negative
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Recommend
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Positive
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Positive
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Positive
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Recommend
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Positive
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Negative
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Recommend
9
Positive
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Negative
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Recommend
22
Positive
42
Negative
13
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