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The HSI slid 259 pts or 1.4% to close at 18,608. The HSCEI fell 96 pts or 1.4% to close at 6,605. The HSTECH shed 96 pts or 2.5% to close at 3,799. Total market turnover for the day was $126.712 billion.XIAOMI-W (01810.HK) reported 1Q non-IFRS net profit surging 101%, far topping expectations, and raised full-year car delivery t...
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8
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Gu Yuanqin, Vice President of Operations and Management of XPENG-W (09868.HK) (XPEV.US)'s financial platform, replaced Wang Tong as the head of sales for XPENG-W, according to market insiders.Gu, aged 63, has assisted XPENG-W in developing the Beidou high-precision lane-level navigation and positioning system, pursuant to th...
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Positive
17
Negative
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XPENG-W (09868.HK) provided technology R&D services to Volkswagen (VW), improving its 1Q24 gross profit margin to 12.9%, Goldman Sachs issued a research report saying. Overall, Goldman Sachs expected XPENG-W's 2024/ 2025 R&D service revenue to be RMB1.575 billion/ RMB1.95 billion each, with gross profit of RMB1.418 b...
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18
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XPeng (XPEV.US) was upgraded to Buy from Hold in a report issued by Daiwa, reflecting the company's ability to improve the gross margin by providing technical R&D services to Volkswagen. The broker believed that any collaboration with Volkswagen or likely other OEMs will help the company reach break-even earlier than exp...
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120
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Hong Kong stocks lowered along with the external market in the morning as the market continued to worry about the possible postponement of US Fed's interest rate cuts. HSI declined 239 points or 1.3% to 18,629 at the half-day. HSCEI reduced 86 points or 1.3% to 6,615. HSTECH dropped 73 points or 1.9% to 3,822. Half-day turno...
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Positive
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Positive
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