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Shares of Chinese pig-breeder New Hope expected to keep fattening up even after stock has more than doubled this year

The price of New Hope Liuhe’s stock has already soared 151 per cent this year. But analysts say shareholders’ gains on this Chinese pig breeder stand to get even fatter.Analysts predict New Hope’s share price will rise to 23.70 yuan over the next 12 months – or a whopping 30 per cent above its current level. That is the consensus of analysts covering it and tracked by Bloomberg.The Shenzhen-traded stock is also the third best performer on the CSI 300 Index this year, as the spread of African… Source link

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Hong Kong’s trade show organisers hope the ‘city under siege’ image won’t damage visitor numbers this autumn, or next year

Trade event organisers in Hong Kong are assessing the economic impact from weeks of unresolved civil protests, amid concern the city’s brand as a meeting and event hub could be under threat.How much the protest movement has weighed on the local event management industry is hard to gauge, partly because of the diverse range of events scheduled in Hong Kong and question marks as to whether visitors will be discouraged from taking part in the coming months.Six events ranging from consumer… Source link

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Vietnam 

Trung Lương – Mỹ Thuận Project sees hope after delay – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Once completed, the Trung Lương – Mỹ Thuận Expressway will shorten travel time between HCM City and the Mekong Delta provinces as well as reduce traffic congestion on National Highway 1. Photo vneconomy.vn TIỀN GIANG – In a meeting yesterday, Prime Minister Nguyễn Xuân Phúc said that the Trung Lương – Mỹ Thuận Expressway must be completed in 2020 and open for traffic in 2021. Capital for the project would be sufficiently allocated, the PM said. This gives hopes to the investor as construction on the expressway could have…

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Money 

With China’s economy set to slow what hope is there for struggling cities?

Baotou Donghe Airport was eerily quiet on an early July evening. In the departure hall staff outnumbered passengers and there were no queues at the security checkpoints, even though the information boards showed there were at least three flights due to take-off that evening.All of the shops and convenience stores were open but there were few customers. Of the 10 boarding gates at the terminal, only one was in use.“Welcome to Baotou, where you never have to wait in line at an airport security… Source link

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Are investors placing too much hope in the Fed? As US-China trade war lingers, analysts see fewer rate cuts than markets

As uncertainties over the US-China trade war continue to weigh on sentiment, investors are increasingly looking to the US Federal Reserve to cut rates and provide a boost to what has been an extended economic cycle.Investment strategists and economists, however, said financial markets may be a bit too optimistic about where the central bank is headed – and that could be bad for emerging markets.The financial markets are expecting as many as three interest rate cuts – or about 75 basis points –… Source link

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China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff

Chinese furniture makers, hard hit by a higher tariff on exports to the US last month, see a ray of hope from the apparent trade detente between the world’s two largest economies following the G20 summit in Japan last month.The agreement between US and Chinese officials to resume economic and trade negotiations has been welcomed by furniture makers who say their US buyers have practically disappeared since their goods were subject to a 25 per cent levy on June 1. The tariff replaced a 10 per… Source link

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China 

Xi-Trump summit in Osaka brings trade truce, more talks and hope for Huawei

China and the United States reached a trade truce after a high-stakes leaders’ summit on Saturday, with Washington agreeing to put on hold new tariffs on Chinese products and ease restrictions for American companies to sell to telecoms giant Huawei Technologies.During talks on the sidelines of the Group of 20 gathering in Osaka, Chinese President Xi Jinping and his US counterpart Donald Trump also agreed to resume trade talks. Trump said the US would not impose new tariffs on US$300 billion… Source link

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Hong Kong developers hope to put recent setbacks behind them as they launch projects at discounts of up to 20 per cent

Hong Kong developers, taking advantage of the calm that has returned to the city, on Thursday launched projects at prices that undercut rivals by up to 20 per cent, hoping to attract buyers who have adopted a cautious approach.Wing Tai Properties said it would sell flats at OMA OMA in Tuen Mun at an average price of HK$12,463 per square foot, some 20 per cent lower than Sun Hung Kai Properties’ Mount Regency phase two, which is also in the same area. The city’s largest developer is putting 130… Source…

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For a more equal and still diverse Indonesia, all of Asia should hope Widodo’s second term is successful

Anyone who has spent time in Indonesia will almost certainly have been influenced, and impressed, by the wayang shadow theatre, now honoured by Unesco as a masterpiece of oral heritage.To me, it captures the mystery, complexity and inscrutability of Indonesia: a country in which the significant majority of the population (87 per cent) is Muslim, but is not a Muslim state and honours the diversity of its Hindu, Christian and Confucian communities; a country held together by founding president… Source link

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Year of the Piggy Bank? Mints from Canada to Singapore hope to cash in on Year of the Pig with collectible coins

More than a decade ago Aries Cheung, a Toronto-based artist, graphic designer and filmmaker, was approached by a representative from the Royal Canadian Mint. Would he like to enter a competition for a new series of coins to celebrate the Lunar New Year? The 58-year-old Hong Kong native won, and this year’s coin celebrating the Year of the Pig will be his 11th design from that initial competition. He’ll celebrate his birth year – the Year of the Rat – with next year’s coin, the final of his initial designs.…

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