China Mobile surges more than 9% to hit new record high

China’s three largest telecoms operators continued to rally on Monday, with China Mobile surging more than 9% hit 97.87 yuan at one
China’s three largest telecoms operators continued to rally on Monday, with China Mobile surging more than 9% hit 97.87 yuan at one
The Hong Kong Exchanges and Clearing Limited (HKEX) said its net profit attributable to shareholders for the fiscal year ending on December 31, 2022, reached HK$10.078 billion, sliding 20% from a record high in 2021.
BYD started building its first overseas electric vehicle assembly line, located in Thailand’s eastern Rayong province, on March 10, the company said in a press release.
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Macquarie said it’s positive about China Unicom’s strong performance in industry internet, which grew 29% in 2022 from the previous year and accounting for 20% of its total revenue.
China Unicom, one of the country’s largest telecoms operators, said its revenue reached 354.9 billion yuan in 2022, rising by 8.3% from the previous year, the fastest growth in nine years.
Goldman Sachs cut target price of HKEX by 1% to HK$437 from HK$441, but kept it on Conviction Buy list.
BofA Securities downgraded Chow Tai Fook, one of the world’s largest jewellery retailers, from Neutral to Underperform, and cut its target price from HK$17.6 to HK$13.2.
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Hong Kong broadcaster TVB’s parent company, Television Broadcasts Limited, continues surging on Wednesday, jumping as much as over 97% to hit HK$14.36
Defaulted property developer Sunac China said in its overseas debt restructuring plan that it may issue new US dollar bonds to replace existing ones, and creditors can also apply for debt-to-equity swaps.
Country Garden Services tumbles as much as 4.8% to hit HK$14.6 in Hong Kong, bringing its market value below HK$50 billion.
Trip.com, China’s largest online travel agency, reported a profit of nearly 2.1 billion yuan ($300 million) in the three months ended Dec. 31, compared to a net loss of 834 million yuan a year earlier. Revenue rose 7.5% to 5 billion yuan.
The company is anticipating to raise a maximum of $1 billion through the listing and the firm is working with financial advisors on the possible deal.
Food delivery giant Meituan is considering restructuring its online ride-hailing business, reported Chinese news outlet Sina Tech.
Chinese smartphone giant Xiaomi’s Chairman and CEO Lei Jun said that the progress of the company electric vehicle manufacturing is faster than expectations and have recently completed the winter test.
Chinese property developer Country Garden’s chairwoman made a major change to the firm’s structure of regional presidents only three days after her appointment on March 1.
Chinese coal miner Yankuang Energy said its operating income is expected to reach 203.18 billion yuan in 2022, an increase of 33.68% from a year earlier.
Goldman Sachs slightly raised target price of Bilibili to HK$200 from HK$197, reiterating Neutral rating
Shares of China National Offshore Oil Corporation (CNOOC) gains 3.5% to close at HK$11.98, marking a new record high. Sinopec gain 3.5%
Shares of Lenovo Group continued to rise in Hong Kong, surging over 5% to hit HK$ 7.7 at one point, marking a new high since May 2022.
Chinese e-commerce giant JD.com gained as much as 3.2% to hit HK$190.7 after launching 10 billion subsidy campaign JD.com officially launched the
Shares of Country Garden Service are slumping more than 10% in Hong Kong, after issuing profit warning.
Shares of Hong Kong broadcaster TVB surge 36% to hit new high since May 2021 on live-streaming cooperation with Taobao Shares of
China’s telecom operators continue rallying on Monday, with China Mobile surging as much as 7.6% in Shanghai to hit a new record high of 93.59.
China’s CATL remained the world’s No. 1 in terms of electric vehicle battery and energy storage system installations, according to South Korean market research firm SNE Research.
Alibaba’s chip unit T-Head and Alipay, the payment service under Alibaba’s fintech unit Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture.
Porsche China is calling back 51,125 imported Panamera vehicles due to problems with heating system, according to the State Administration for Market Regulation.
Tesla nearly doubled weekly retail sales in the week of Feb. 20 to 10,703 vehicles versus a week prior, according to data.
Chinese electric vehicle maker BYD Co’s sub-brand Denza raised prices of all-electric version of only model on sale, only one week after deliveries started.