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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

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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…

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Stocks Blog: Traders look to corporate results as earnings season kicks off

Good morning, traders — There may be a second trade phone call this week, and if it goes well, we’ll likely see a visit to Beijing by trade negotiators Steven Mnuchin, the US treasury secretary, and Robert Lighthizer, the US trade representative.  This is from Mnuchin. That came after — you guessed it — another tweet by US president Donald Trump, who said, his tariffs “are having a major effect on companies wanting to leave China for non-tariffed countries. This is why China wants to make a… Source link

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Chinese ‘white horses’ issue surprise profit warnings before earnings season kicks off

Chinese stock traders are bracing themselves for bad news during the upcoming earnings season after two “white horses” caught investors off guard with their profit warnings.Dong-E-E-Jiao, a Chinese traditional pharmaceutical company, that had posted profit increases for 12 consecutive years, and Han’s Laser Technology Industry Group, once a favourite among foreign investors, said in exchange filings that first-half earnings may have dropped significantly.Both stocks plunged by the 10 per cent… Source link

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Typhoon season is round the corner and climate change is upon us – there’s no better time to get into green finance

A harbourside commercial building had its windows blown out when Super Typhoon Mangkhut made landfall in Hong Kong on September 16, 2018. Flooded homes, damaged infrastructure, disrupted supply chains and higher insurance premiums are some of the effects of climate change we need to plan for. Photo: AFP Source link

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Vietnam 

Season 3 of Shark Tank unveiled – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Shark Tank Vietnam will return for a third season in July. — VNS Photo HCM CITY — Shark Tank Việt Nam will be back for the third season with two new investors, organisers announced in HCM City on Thursday. At the launch the organisers, VTV24 News Centre and TVHub, said the reality show for start-up investors will be shown every Wednesday on VTV3 starting on July 24. The two new “sharks” this year are Đỗ Liên, the founder of insurance application LIAN, and Phạm Văn Tam, chairman of Asanzo…

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Singapore 

$4.50 durian buffet and other durian buffet promotions to catch this season, Lifestyle, Singapore News

We’re in peak durian season now and almost every durian store is bursting at the seams with an unending line of customers snagging up their favourite fruit. For all you durian aficionados, we’ve specially collated six durian and durian dessert buffets for you to get your fill of the creamy fruit. And with the durian season going on until August, you’ll have ample time to eat your way through this list! 1. 45-MINUTE DURIAN BUFFET FOR $4.50 Plaza Singapura is hosting the Perfect Summer for its 45th Anniversary, and it has possibly one of…

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The Hong Kong maker of Transformers toys rushes to ship orders for the US holiday season to beat Trump’s tariffs

Hong Kong toymaker Jeffrey Lam Kin-fung is feeling the pressure from US President Donald Trump’s import tariffs, even though his products are not yet subject to any duties.His company, Forward Winsome Industries, a pioneer in the manufacture of rubber ducks, has been rushing to meet a spike in orders from American customers keen to stockpile products before they are hit by the next round of tariffs.On May 5, Trump said on Twitter that his administration would extend punitive 25 per cent duties… Source link

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Singapore 

Singapore city skyline makes an appearance in the trailer for the third season of Westworld, Singapore, Digital, Entertainment News

A sharp-eyed redditor managed to spot something rather familiar in the trailer for the third season of HBO sci-fi series Westworld: The iconic Singapore skyline.  Found and shared on reddit by u/cherenkov_blue, the bit that shows our CBD skyscrapers in the distance comes in at the 50-second mark of the teaser, forming a dramatic backdrop for a hovering device.  The redditor mentioned that the Maybank Tower stood out in the shot, which lead to sightings of other familiar structures like the HSBC Building and the UOB Plaza. Note, however, that…

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From starving pigs to disappearing chairmen: Chinese companies offer some bizarre excuses for plunging profits, missed deadlines amid worst earnings season on record

Earlier this week Kangmei Pharmaceutical, one of China’s biggest drugmakers, blamed an “accounting error” for overstating its cash holdings by an eyewatering 30 billion yuan (US$4.5 billion), making headlines around the world.The staggering blunder, amid China’s worst corporate earnings season on record, sent the firm’s stocks and bonds plummeting and sounded alarm bells about the quality of auditing in one of the world’s fastest-growing markets.But Kangmei is by no means alone in offering up… Source link

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