Vietnam 

Market’s best perfomers lose steam due to difficulties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HÀ NỘI —  A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances. Tiền Giang Province-headquartered Hùng Vương Corporation (HVG), leading exporter of tra and basa catfish, saw its shares plummet to an all-time low of VNĐ2,520 per share on August 20 after the company announced a loss of VNĐ129 billion (US$5.5 million) in after-tax profit in Q3 this year. The firm continues to suffer heavy losses due to a series of simultaneous problems such as rising interest expenses and…

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Home 

What bargains? China’s cheapest stocks are valuation trap as banks lose margin protection

Chinese banking stocks, already the cheapest among all sectors, may see their share prices beaten down more, as a new market-based way to price loans is set to take away a shield that protected their profit margins for decades.As of this week, commercial lenders must link the loan prime rate to their funding costs from the money market. It is a move aimed to lower borrowing costs for companies and support economic growth.But it comes at the cost of banks’ profits, as net interest margins – or… Source link

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Home 

China STAR Market stocks lose trader interest as ‘temporary craziness’ wears off, curbs kick in

China’s new tech board saw one of its first 25 listed companies soar by as much as 520 per cent in trading last week. Now, as curbs on daily gains or losses kick in, investors have lost a lot of their appetite.“We have seen so many things like this happen before. There was a kind of euphoria last week, and if you build a stock to a sky high level, in the near term there is bound to be profit-taking, or a slowdown,” said Louis Tse Ming-kwong, managing director of…

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Vietnam 

Shares slow down as banks lose steam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Banking stocks dropped strongly and put pressure on the general market. — Photo cafef.vn HÀ NỘI — Shares slumped on Wednesday as selling pressure hit banking-financial stocks strongly during the trading session. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.11 per cent to close at 988.41 points. Nearly 170 million shares were traded on the southern bourse, worth VNĐ4.2 trillion (US$181 million). The index had risen 0.76 per cent to close Tuesday at 989.46 points. According to Bảo Việt Securites Company, the VN-Index is forecast to…

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Singapore 

Local actress Jin Yinji hospitalised after taking laxatives to lose weight, Entertainment, Singapore News

SINGAPORE – Actress Jin Yinji fainted in the toilet and was later hospitalised for inflammation of the colon, after taking laxatives in a bid to lose weight. The 73-year-old spent two days in hospital earlier this month, she disclosed in an interview with Chinese evening daily Lianhe Wanbao published on Thursday (July 18). Jin told the paper that on the morning of July 8, she had to film five takes of a scene where she had to eat chicken rice on the morning. After filming, she went home and took…

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Singapore 

Jail for private-hire car driver who assaulted man, causing him to lose teeth, Singapore News

SINGAPORE – A private-hire car driver punched a man who had refused to cancel his booking, causing the victim to lose two teeth. Mr He Yong, 36, had to have another two teeth extracted as well as they were displaced. The driver, Muhammad Hidir Mohammad Alimon, 32, pleaded guilty on Friday (July 12) to an assault charge and was sentenced to five months’ jail. He was also ordered to pay Mr He $9,146 in compensation. This was the out-of-pocket amount the victim paid for his medical fees. If he is…

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Singapore 

Twin sisters fined for assaulting condo staff lose appeal, Singapore News

SINGAPORE – A pair of twin sisters who were fined for assaulting staff of Simei Green condominium lost their appeals against their conviction on Wednesday (July 3), after making emotionally-charged arguments for close to four hours. Chinese nationals Tang Bei and Tang Lei, 51, claimed that they had been provoked into committing the offences. They also claimed that they were the real victims and were being treated unfairly because of their nationality. But High Court judge Aedit Abdullah stressed that the courts in Singapore determine matters equally for all offenders,…

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Singapore 

Victims of ‘Chinese official’ scams lose $4.8m in four months, Singapore News

SINGAPORE – Mr Soh panicked when he got a call, purportedly from Singtel, telling him his mobile account was going to be terminated, as he had been implicated in a crime. The 33-year-old Malaysian, who was working in a wholesale company, headed to Liang Court to transfer $1,200 on the instruction of an “official” from China, and was about to do so when two police officers at the mall noticed his frantic demeanour and approached him. Luckily, their intervention prevented him from becoming another victim of “Chinese official” scams and losing…

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China 

French retail giant Carrefour leads retreat from China as ‘underdog’ hypermarkets lose dominance

Hypermarkets, hailed as game changers in China’s retail industry as recently as two decades ago, have been pushed aside by the popularity of smartphone-enabled payments and online shopping.Carrefour, the French retailer announced on Sunday, is selling an 80 per cent stake in its China operations to Suning, ceding control in a market that it had first entered in 1995.“Foreign hypermarket brands are increasingly facing difficulties in making money from their Chinese businesses,” said Jason Yu,… Source link

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