Home 

Hong Kong belatedly joins mainland China in bull market club as upbeat sentiment lifts stocks

It’s official: Hong Kong is finally in a bull market.A mix of good news drove market sentiment. The Hang Seng Index jumped 1.8 per cent to close at 29,562.02 on Monday, the first trading session of the second quarter, gaining 20.2 per cent since a recent low in October.The Hong Kong market has gained over HK$5 trillion (US$637 billion) in value since October 30.The benchmark is a latecomer to the club. China’s major indices, including the Shanghai Composite, the large-cap CSI 300 and the… Source link

Read More
Vietnam 

Upbeat outlook for Việt Nam’s MA market in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News After posting a reduction last year, the Vietnamese merger and acquisition (M&A) market is expected to grow this year, fuelled by the adoption of new free trade agreements and the Government’s reforms to facilitate foreign investment. M&A expert Yee Chung Seck, partner of multinational law firm Baker & McKenzie, talks with Việt Nam News reporter Nguyễn Thu Hà about the outlook for the market in 2019. Despite a decline across the market last year, M&A activities in the retail sector were positive. Will this trend…

Read More
Home 

CK Hutchison and CK Asset post upbeat profit results, during Victor Li’s debut year as CEO

CK Hutchison Holdings and CK Asset Holdings, the listed flagships of tycoon Li Ka-shing, reported higher profit in the first set of annual results since his eldest son Victor Li Tzar-kuoi took over daily operations last May.CK Hutchison, the conglomerate with businesses spanning container ports, retail, telecommunications, and power plants, said net profit increased 11 per cent to HK$39 billion (US$4.97 billion) for the year ending December 31, beating the HK$38.4 billion average forecast of… Source link

Read More
Vietnam 

Banks upbeat about coming year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Most banks will not officially set their annual targets until their shareholder meetings in April, but many bank leaders are optimistic about 2019 with plans to increase profits through cutting operating costs and promoting digital services. Vietcombank has already set a 2019 pre-tax profit growth rate of 12 per cent to over VNĐ20 trillion (US$855 million), while HDBank expects its pre-tax profit this year to rise by over 26 per cent against 2018 to nearly VNĐ5.1 trillion. Nguyễn Đình Thắng, chairman of…

Read More
Vietnam 

Experts upbeat about MA scene in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Thai Beverage’s deal to buy a US$5 billion or 54 per cent stake in top brewer Sabeco has been the country’s biggest ever privatisation process so far. — VNA/VNS Photo Chương Đài Viet Nam News HÀ NỘI — Experts have predicted a banner year for merger and acquisition (M&A) activities in 2019 thanks to recent positive developments. According to Vice Chairman of the Việt Nam Foreign Investment Business Association Nguyễn Văn Toàn, M&A deals surged 160 per cent to US$9.9 billion in 2018, making disbursement of foreign direct…

Read More
Home 

Hong Kong and China stocks poised for continued upbeat momentum as traders drift back to work after lunar holiday

China’s stocks posted their best monthly performance in January in a year, as the world’s biggest emerging equity market recovered from the world-beating decline in 2018. The Shanghai Composite Index rose 3.6 per cent last month, the biggest gain since January 2018. Equities were buoyed by beaten down valuations, detente in the China-US trade friction and the prospects of inflows from foreign investors. While most strategists made the call that China’s stocks would bounce back late in the year, the rebound is already in full swing. Foreign buying can account…

Read More
Home 

Southeast Asia’s property markets looking up thanks to young population, upbeat GDP growth, analysts say

Vietnam and Singapore are tipped to lead price growth in the property markets in Southeast Asia this year, underpinned by the region’s youthful population and relatively long period of political stability. “The youthful population is playing a large part in the growth of the region, and the long period of political stability in the region is helping too,” said Chris Marriott, Southeast Asia chief executive officer at Savills. Asean data shows the 10 member states had a combined population of 642.1 million in 2017, with roughly half between the ages…

Read More
Vietnam 

Shares rally on upbeat blue chips – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The markets rallied on Thursday thanks to strong investor interest in large-cap stocks and positive information from the global market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.20 per cent to 924.42 points. It added 0.39 per cent to close at 922.56 points on Wednesday. On the Ha Noi Stock Exchange, the HNX-Index climbed 0.63 per cent to end at 104.55 points. It slipped 0.01 per cent to end at 103.90 points on Wednesday. Nearly…

Read More
Vietnam 

Experts upbeat about real estate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Hotels and resorts along Trần Hưng Đạo Street in Phú Quốc Island.- Photo vietnambiz.vn Viet Nam News Nguyễn Trọng Thức from CBRE Việt Nam said the rapid development of the transport infrastructure system in provinces and cities rich in tourism potential was also creating momentum for the development of resort properties, like in Bà Rịa – Vũng Tàu, Nha Trang, Đà Nẵng and Phú Quốc. According to Adam Bury, senior vice president of investment sales, Asia Pacific, Hotels & Hospitality Group at JLL, there was a surge in…

Read More
Vietnam 

VN businesses upbeat about trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese enterprises are among the world’s most optimistic about international trade prospects and most confident when it comes to succeeding in the current environment. — Photo tinnhanhchungkhoan.vn HCM CITY — Vietnamese enterprises are among the world’s most optimistic about international trade prospects and most confident when it comes to succeeding in the current environment, according to an HSBC report.  Ninety-one per cent of Vietnamese respondents, compared with 75 per cent globally, believe the outlook for trade is…

Read More