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Mary Huen, CEO for Hong Kong at Standard Chartered, commented that US interest rates could remain high for a longer period of time. While the interest rates were expected to be cut faster at the beginning of this year, recent data suggested that the market is expecting a slower pace.~AAStocks Financial NewsWeb Site: www.aastocks...
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GWMOTOR (02333.HK)'s 1Q24 results beat, CICC said in a report. The 1Q24 sales were solid, GM improved due to better product mix, and net profit topped street consensus as additional deductions for taxes and fees brought sustainable non-recurring growth. Based on the sustainability of the additional VAT exemption, the broker ...
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Tong Taosang (Dowson Tong), Senior Executive Vice President of TENCENT (00700.HK) and President of Cloud and Smart Industries Group, said at the 2024 Beijing International Automotive Exhibition that TENCENT will commence cooperation with Toyota in three core arenas: providing cutting-edge technologies, such as AI foundation mode...
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BOCOMI released a report, pointing out that PING AN (02318.HK)'s 1Q24 earnings were solid despite a high base, and its three core businesses remained stable overall. The broker maintained its earnings estimates, and lifted its VONB forecasts. With the base lowering in the following quarters, the company's earnings improv...
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CHINA TELECOM (00728.HK)'s service revenue grew solidly, as its 1Q24 revenue and net profit gained 3.8% and 7.7% YoY, in line with CICC's expectations, CICC wrote in a report. The report said the company's service revenue grew strongly in 1Q24, up 5% YoY. Costs and expenses, excluding R&D expenses, rose less than...
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