A Singamas Container Holdings factory in Qidong. The company issued a profit warning on July 26, saying it expected a net loss of US$35 million for the six months ended June 30. Photo: Bloomberg
Profits of Hong Kong-listed firms at risk as US-China trade war rages
- More than two dozen Hong Kong-listed firms have issued profit warnings because of trade war effects since the end of June
- The tensions are affecting business sentiment and corporate investment, analysts say
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Hong Kong company reporting season
A Singamas Container Holdings factory in Qidong. The company issued a profit warning on July 26, saying it expected a net loss of US$35 million for the six months ended June 30. Photo: Bloomberg
CapitaLand’s US$8.1 billion purchase of Ascendas-Singbridge from the Singapore government’s investment arm Temasek Holdings ranked as the biggest deal in Asia excluding Japan in the first half. Photo: AFP
Trade war thumps confidence, sending acquisition activity in Asia to a six-year low in the half, Mergermarket data shows
- The value of mergers and acquisitions activity eased to US$241 billion in Asia excluding Japan in the first half, the lowest since 2013, according Mergermarket
- China-related deals suffer by an even wider margin, dropping 44.7 per cent in the first half on year
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Mergers & Acquisitions
CapitaLand’s US$8.1 billion purchase of Ascendas-Singbridge from the Singapore government’s investment arm Temasek Holdings ranked as the biggest deal in Asia excluding Japan in the first half. Photo: AFP