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09.03.26 - 01:18
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Why HKEX′s board lot reform could pose challenges for HSBC and others (SCMP)
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HSBC Holdings, Xiaomi, AIA, Pop Mart International, Tsingtao Brewery and others are among about 650 listed companies that may need to change their trading unit under proposed reforms by bourse operator Hong Kong Exchanges and Clearing (HKEX).
Market participants generally support the reform as it would bring Hong Kong's stock market trading in line with international practices and allow retail investors to more easily trade a wider range of stocks, but they also warn of challenges in......
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04.03.26 - 07:36
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McDonald′s sells Hong Kong shop outside disposal plan for US$11.9 million (SCMP)
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McDonald's has sold another Hong Kong retail property for HK$93.5 million (US$11.9 million), extending its asset sell-down and bringing total proceeds to about HK$580 million.
The ground-floor unit at Mount Sterling Mall in Mei Foo Sun Chuen, Lai Chi Kok, was sold on February 27 to Huge Power (China) Ltd., according to Land Registry records.
Companies Registry filings show the directors as Kwok Chong-wah, Kwok Lap-yin and Kwok Shun-sing, members of a veteran investor family.
The 6,915 square......
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27.02.26 - 22:48
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Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag" (ZeroHedge)
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Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag"
Nike has reported declining quarterly sales in China, where demand remains under pressure from mounting macroeconomic headwinds, and the brand continues to lose market share to newer competitors. This weakness has dented the shoemaker's broader turnaround efforts and suggests a much-needed reset in the Chinese market.
The stock is down 65% from its 2021 peak and is now trading at 2017 levels, as investors hope management will accelerate a turnaround plan to reverse this devastating multi-year bear market. However, a profit warning from a major distribution channel and commentary from BNP Paribas analyst Laurent Vasilescu only suggest more trouble ahead.
On Friday, Pou Sheng, a major distribution and retail channel for Nike in Greater China, warned that its 2025 attributable profit will likely plunge 57% year over year to RMB 211 million, while revenue is expected to decline 7.2% to RMB 17.1 billion.
Management blame...
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27.02.26 - 09:48
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Merodi debut in Hong Kong shows Pop Mart′s struggle beyond IP darling Labubu (SCMP)
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At Pop Mart's shop in Hong Kong's bustling Causeway Bay shopping district, a display of the toymaker's newly launched character, Merodi, drew little attention on Friday morning.
“A few people are buying it,” a salesperson said. “It's not very well known yet.”
The new series, Merodi After School, features a mischievous little girl with the magical ability to talk to animals. It was created by Taiwanese artist Will Chen Wei-hua.
The launch came two months after Pop Mart's previous debut,......
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26.02.26 - 05:15
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Midday Takeaway: HSI Closes Midday at 26,656, Down 109 pts; HSTI Closes Midday at 5,171, Down 89 pts; PING AN Down over 3%; CKI HOLDINGS, POWER ASSETS, BOC HONG KONG, HSBC HOLDINGS, TINGYI Hit New Highs (AAStocks)
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At midday close, HSI dropped 109 pts or 0.4% to 26,656. HSTI dropped 89 pts or 1.7% to 5,171. HSCEI fell 117 pts or 1.3% to 8,917.Active Heavyweights:PING AN (02318.HK) closed at $69, down 3%BABA (09988.HK) closed at $145.2, down 2.1%MEITUAN (03690.HK) closed at $81.45, down 1.5%HKEX (00388.HK) closed at $409, down 0.8%TENCENT (......
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