Money 

Hong Kong’s exchange operator posts record first-half earnings as global funds follow MSCI’s weightings into China’s stocks

Hong Kong Exchanges & Clearing Limited (HKEX) reported its best interim profit on record as more global funds used the city’s cross-border investment channel to invest in Chinese stocks, after MSCI quadrupled the representation of China’s A shares in its benchmarks.Revenue rose 5 per cent to HK$8.58 billion (US$1.1 billion) in the first half, while net profit increased 3 per cent to HK$5.2 billion, the highest since the bourse was established in 2000. Second-quarter profit advanced 5 per cent… Source link

Read More
Home 

Chinese stocks buoyed by better-than-expected exports data, Ping An Bank earnings, record first rise in seven days

Chinese stocks rose for the first time in seven days, as better-than-expected exports data and strong results by Ping An Bank provided some relief to investors, suggesting the fallout from the US-China trade war might not be as bad as anticipated.The Shanghai Composite Index added 0.9 per cent to 2,794.55 on Thursday, ending a six-day, 6.2 per cent losing streak that sent the benchmark to a five-month low. However, the trading volume on the Shanghai exchange was 9.3 per cent below its 30-day… Source link

Read More
Vietnam 

Shares recover on strong first-half earnings – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A pedestrian passes a Vinmart+ convenient store. Shares of Vincom Retail rose 3 per cent on Wednesday on strong first-half earnings. — VNS Photo Mai Hương HÀ NỘI – Shares recovered on Wednesday, propped up by major blue chips with strong first-half earnings. On the Hồ Chí Minh Stock Exchange, the VN-Index increased 0.57 per cent to 991.66 points. On the Hà Nội Stock Exchange, the HNX-Index closed flat at 104.43 points. Both stock indices tumbled on Tuesday. A total of 209.6 million shares worth VNĐ5.42 trillion (US$232.6 million) were…

Read More
Vietnam 

Top securities firms report lower earnings in Q2 due to poor liquidity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A SSI Securities Corporation trading office. The company is among top three securities firms that recorded lower quarterly earnings. – Photo vietnamnfinance.vn HÀ NỘI – A quiet stock market in the first half of 2019 resulted in lower quarterly earnings for some large-cap securities companies, causing their shares to decline in the past two weeks. SSI Securities Corp (SSI), HCM City Securities Corp (HSC) and VNĐirect Securities Corp (VNĐS) were the three large-cap brokerage firms that reported lower earnings in the second quarter and in the first six months.…

Read More
Vietnam 

Local stocks to slow on mixed corporate earnings as investors wait for int’l events – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Cash notes placed on a counter at VNDirect Securities Corp’s trading house in Hà Nội. The stock broker is among the four large-cap securities firms that posted lower earnings for the second quarter of the year. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares made slight gains last week and the benchmark local index is expected to consolidate under the 1,000 point level before advancing, analysts say. Investors are looking towards the upcoming Federal Reserve (Fed) meeting while also preparing to offload assets and dodge potential risks, they say. Việt…

Read More
Vietnam 

Sharp rises in Q2 corporate earnings come from asset sales – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hot-rolled coils stored inside a Nam Kim steel plant. The company plans to earn VNĐ850 billion from selling its stakes in sub companies and business projects in 2019. – Photo news.zing.vn HÀ NỘI — A number of listed companies have reported sharp increases in their quarterly profits as they have performed well in selling stakes in sub-units and projects. The first half of the year was a tough time for local firms as the Vietnamese economy growth slowed to 6.71 per cent. The figure was 0.02…

Read More
Vietnam 

VN stocks to struggle amid mixed corporate earnings – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Photo shows the Nam Tân Uyên Town in southern Bình Dương Province, where industrial park developer Nam Tân Uyên JSC is headquartered. Industrial realty stocks have been quite attractive on the stock market but analysts have warned they are running out of momentum as good news begins to fade. — Photo dantri.com.vn HÀ NỘI — The ongoing earnings season has created a divergence among groups of stocks and could derail the market from its short-term uptrend. Việt Nam’s benchmark VN-Index has increased by total 4.16 per cent from the close of 943.11…

Read More
Home 

Investors need to buckle their seat belts for what is expected to be a very bumpy ride in Chinese earnings season

It may be a very bumpy earnings season in China.The first of China’s more than 3,000 listed companies have started reporting results for the first half of the year. With the weakest economic growth on record reported this week in China, some blue chips have issued warnings of big drops in profits.One of the most popular stocks with foreign traders – fabled Kweichow Moutai – tumbled 3.1 per cent this week after it posted its slowest quarterly sales growth in three quarters.The fiery liquor maker… Source link

Read More
Home 

The trade war lull is a good time to assess the damage, and corporate earnings give investors that chance

Taking a look at the world and capital markets through the widest macroscopic lens is a sensible way of determining what matters when it comes to investing. However, now and again the micro narrative takes over, and the corporate earnings season is one of those times.The current macro economic backdrop is uninspiring but understandable. The trade war has dented corporate activity and economic sentiment, but central banks have signalled their intent to ease rates to steady the economic ship.The… Source link

Read More
Vietnam 

Earnings season cushions market sentiment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The view of HCM City from the top of property developer Vingroup’s Vincom Landmark 81 building. The firm is among large-cap companies expected to release good quarterly earnings reports. – VNA/VNS Photo Anh Tuấn HÀ NỘI – Vietnamese shares rose on Tuesday as investors anticipated more positive quarterly earnings reports from large-cap companies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained roughly 1 per cent to close at 982.11 points. The VN-Index fell 0.29 per cent on Monday. More than 174.6 million shares were…

Read More