Hints and tips:
...He added that he had just made a small winning on a bet of about HK$5,000 (US$640)....
...Young collector groups assume that new collectors are young, but they could easily be in their fifties or sixties,” says the art adviser Josh Baer, who writes The Baer Faxt, a popular newsletter for the industry...
...The airline posted net profit of HK$9.8bn (US$1.3bn) for the year on Wednesday, breaking a three-year streak of losses including a HK$6.6bn loss in 2022....
...Shimao’s Hong Kong-listed shares fell more than 14 per cent on Monday to an all-time low of HK$0.39....
...Gome’s stock has fallen 70 per cent over the past year to HK$0.25 a share....
...New World’s stock price closed at HK$25.95 ($3.31) on Friday, down more than 14 per cent since the start of the year, a fall that is broadly in line with the drop in the Hang Seng Properties index....
Apollo’s £506mn deal to buy The Restaurant Group includes ‘irrevocable undertaking’ for HK-based fund to exit its holding
...Stars”, HK$36.8mn, £3.9mn)....
...However, the industry’s outlook is clouded by uncertainty over unresolved defaults....
...Net revenue reached HK$7bn, compared with HK$13bn in the same quarter in 2019 before the pandemic....
...The Hong Kong flagship carrier posted a HK$4.3bn ($550mn) profit in the first half of the year on Wednesday, up from a HK$5bn loss in the same period last year....
...Additional reporting by Joshua Oliver in London and Chan Ho-him in Hong Kong Letter in response to this article: HK stock exchange boss exit is a cautionary tale / From Gregory Shenkman, London SW7, UK...
...Rusal’s spin-off plan comes after the EU launched a carbon border adjustment mechanism that will force importers of steel, cement, aluminium and fertiliser to pay the same carbon costs faced by European industry...
...They also highlight the dire outlook for an industry typically responsible for more than a quarter of economic activity in China....
...Cathay Pacific Airways expects to report a profit of up to HK$4.5bn ($576mn) in the first half on the back of a surge in demand for travel....
...Leapmotor plans to raise as much as HK$8.1bn (US$1bn) from the sale of about 131mn shares in Hong Kong in a range of HK$48-HK$62 each....
...“It definitely was a wake-up call,” says HK Park, managing director of Crumpton Global and a former Pentagon official....
...Before the invasion of Ukraine led to increased sanctions on the Russian oil industry, including limiting access to western technology and equipment, it aimed to eventually produce close to 2mn b/d....
...Esprit, a Hong Kong-listed fashion retailer that reached its heyday in the 80s and 90s, recorded its first profit in five years with a HK$381mn ($48.5mn) net income....
...The base case is that the competitive environment is getting easier as the whole industry gets more rational (and we quite strongly believe this is happening)....
...Last week, rating agency Fitch downgraded SJM’s senior unsecured debt from double B to double B minus, citing “reduced confidence in the recovery of Macau’s gaming industry”....
...One pound bought you 10.7 Hong Kong dollars; today just HK$9.5. Yet even then sales in the sector were attracting generous premiums....
...Miniso, backed by Chinese internet group Tencent, raised $608mn when it listed on the New York Stock Exchange in 2020 and HK$567mn (US$72mn) this month when it held a secondary flotation in Hong Kong....
...BYD’s shares had touched a record high of HK$333 ($42) in late June on the back of rapid growth in electric vehicle sales and Beijing’s support for an industry it hopes can stimulate the economy and help...
...But Evergrande NEV has not delivered a single car, fuelling scepticism from industry insiders and analysts about Hui’s strategy....
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