A mainland property developer and an apparel retailer will be the first two companies to debut on the Hong Kong stock exchange in 2013, aiming to raise up to HK$1.01 billion in total.
"Always wonder what sentiment would look like once you filter out movements correlated with stock market performance.."
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The current weak market sentiment is driving more than investors away from the market. It is also discouraging new entrants to the industry, at least for now.
Mainland companies have become short-selling targets as investors bet a slowdown in the economy and concerns over corporate governance will hurt market sentiment.
E-commerce enabler iMerchants made a less than auspicious debut on the Growth Enterprise Market (GEM) yesterday, closing only 1 per cent above its issue price.
New World China Land has made a worse than expected stock exchange debut as investors dumped the stock in fear of a deteriorating investment environment amid the growing political cross-strait...
The failure of three initial public offerings this year would not derail the stock exchange's planned launch of the Growth Enterprises Market (Gem) in the fourth quarter, exchange senior executive...
The economic outlook for companies has improved marginally, but concern remains about business prospects in the first half.
The $728.88 million paid for the Hotung mansion on The Peak - about $51 million short of the $780 million reserve bid - is an accurate reflection of the market, according to agents.
Mild price rises were forecast for precious metals by the end of this year in a poll of market analysts conducted this week.
OFFICIALS of three newly listed companies took the easy way out to explain why their trading debuts failed last week.
'Bad market sentiment' is a handy explanation these days.
HENDERSON Land is increasing the selling price for its Sunshine City units in light of improved market sentiment.