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Some of the heavy-weighting techs widened their gains. The HSTECH last hiked over 1% or 53 points to 4,016. BABA-SW (09988.HK) will release its results for the three months/ financial year ended March tomorrow (14th). The stock opened 0.38% lower today before it once bottomed at $77.3. It last printed at $80.7, up 3.53%, with 27...
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JPMorgan issued a research note on the reports of a potential sale of PCCW (00008.HK)'s optical fibre business, possibly referring to HKT-SS (06823.HK)'s divestment of its international submarine fibre business. If the post-transaction cash proceeds are in the projected range of $850 million to $900 million and are used ...
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Goldman Sachs issued a report, raising its 2024-26 revenue forecast on XIAOMI-W (01810.HK) by 1-4% and its EPS forecast by 2-8%, and expected its 1Q24 results to beat market expectations.The broker reiterated its Buy rating on XIAOMI and elevated its target price to $22.6 to reflect the upside in the P/E ratio. Internet of Thing...
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XIAOMI-W (01810.HK) announced today (13 May) that it has entered into a new strategic partnership with JD-SW (09618.HK). The two companies have set a target of RMB200 billion in sales of XIAOMI goods through JD's various channels over the next 3 years.At the same time, the two companies will jointly promote the popularisatio...
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Mainland cities have been relaxing their property market measures one after another. Foshan, Guangdong released 13 new real estate policies, including optimising the rules for calculating plot ratio, instalment payment of land transfer price, encouraging support for the replacement of old housing units with new ones, and relaxin...
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