Vietnam 

VN stocks jump on 2019 earnings outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares rose strongly on Tuesday to extend gains for a second session as investor sentiment remained positive on 2019’s corporate performances. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.24 per cent to close at 937.54 points. The southern market index has increased by total 3.18 per cent in the last two trading days, setting its two-month high since December 14. More than 188.4 million shares were traded on the southern exchange, worth VNĐ4.2 trillion (US$180.2…

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China and Hong Kong stocks swing on outlook for trade talks, rates and earnings

Chinese and Hong Kong stocks swung between gains and losses Wednesday as traders sorted through a platter of rapidly approaching market-moving news: the US-China trade talks, a decision on the key US interest rate, and corporate earnings at home. The Shanghai Composite Index added 0.1 per cent to 2,595.99 in morning trading after falling as much as 0.6 per cent. The Hang Seng Index also gained 0.1 per cent to 27,546.77. Trading on the mainland’s exchanges was light as the markets will be shut all of next week for the…

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Investors in US markets looking to forgive and forget this earnings season after brutal December

If investors are learning anything from earnings season, it’s that last year’s stock sell-off did a lot more to prepare them for it than Wall Street analysts ever could have. Consider results so far, in which company profits are coming in worse relative to analyst projections than any time in almost two years. But December’s rout in equities was so brutal that stocks are having no problem shaking off that performance to rally the most at this stage of the reporting cycle since 2015. “Companies that have been so beat…

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Chinese small-cap stocks tumble in mainland trading on concerns earnings will trail projections

Chinese gauges of growth companies tumbled in early Tuesday trading after a barrage of small-caps surprisingly lowered their earnings estimates, dimming the outlook of the coming earnings season. The ChiNext index of start-ups in Shenzhen and another gauge of the small and medium-sized companies on the bourse sank as much as 2.4 per cent before paring losses to 1.3 per cent at the midday break. The CSI 300 Index of big companies on the mainland’s exchanges fared better with a decline of only 0.1 per cent. How China and Hong…

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Will Apple’s quarterly earnings be shaken to the core as iPhone’s popularity declines in China?

Apple is expected to deliver more bad news to investors when it reports quarterly earnings on Tuesday, as recent research data suggests iPhone sales declined in the December quarter in China, with analysts unsure of a swift recovery in the near term. Following Apple’s rare warning to investors in early January lowering its first-quarter revenue guidance, Strategy Analytics, a Boston-based research agency, confirmed that iPhone shipments had dropped by 22 per cent in China during the fourth quarter last year – the firm’s worst performance since early 2017. Apple plans…

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Vietnam 

Banks lift market on earnings hopes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares rebounded on Wednesday as investors bet on listed banks due to their full-year earnings reports while global markets moved well on positive US-China trade talks. The benchmark VN Index on the Hồ Chí Minh Stock Exchange gained 1.08 per cent to close at 896.99 points. The southern market index edged down 0.25 per cent on Tuesday. The HNX Index on the Hà Nội Stock Exchange was up 0.86 per cent to end at 102.13 points, recovering from a Tuesday…

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Vietnam 

Seafood export earnings surge 6.8 percent in 11 months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam’s seafood export turnover reached US$8.1 billion in the last 11 months, with tra fish making up 25 per cent of total export value. — Photo tepbac.com Viet Nam News HÀ NỘI — Việt Nam’s seafood export turnover in November reached US$852 million, raising the total value for the first 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent. Main contributors to the increase were tra fish ($2 billion), tuna and cuttlefish ($600 million) and octopus ($609 million). The Agro Processing and Market Development Authority…

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Vietnam 

Aviation earnings to get a boost from low oil prices – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – A third drop in global crude prices, plus increasing number of air passengers, is expected to boost the performance of the two biggest airlines Vietnam Airlines and Vietjet. Brent crude on Monday gained nearly 2 per cent to trade at near US$60 a barrel, having lost nearly 30.5 per cent from its one-year high of $86.29 a barrel made on October 3. US benchmark West Texas Intermediate (WTI) was up 1.5 per cent to $51.17 a barrel on Monday. It has…

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Meituan Dianping losses widen in first earnings after Hong Kong IPO

Meituan Dianping, operator of the world’s largest on-demand food delivery service, reported a 97.2 per cent jump in revenue in the quarter ended September 30, as losses widened because of higher operating expenses. The Beijing-based company posted total revenue of 19.1 billion yuan (US$2.7 billion), up from 15.1 billion yuan in the same period last year, on the back of a 48.5 per cent increase in food delivery transactions. Alibaba merges food delivery units Ele.me and Koubei amid price war with Meituan in China’s on-demand market “The company maintained strong…

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Ecommerce 

JD.com offers no update on founder Richard Liu’s US case amid weak earnings

JD.com founder Richard Liu Qiangdong, who was arrested and then released in the US in August after being accused of rape, provided no update on the case in the e-commerce company’s first quarterly results since that incident. In a conference call before the US market opened on Monday, it seemed business as usual for Liu, who has maintained a low profile in China since his arrest on August 31, as he fielded questions from analysts, saying his personal focus was on “strategy, culture, team and new businesses”. When Wendy Huang,…

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