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Stock Quote Profile

People walk past the Exchange Square in Central in October 2024. Photo: AP Photo
Hong Kong stock market

Hong Kong stocks waver amid Chinese manufacturing, deflation concerns

Stocks added to losses in the opening week of 2025 as reports showed Chinese manufacturing growth cooled last month.

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Retailing

Decathlon sets sights on ‘sports friendly’ New Territories with new branches

Banking & finance

Hong Kong IPOs skyrocket in record-breaking first quarter

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China technology

Bilibili eyes content diversity to double user base

Video-streaming platform Bilibili says the Chinese market for online video is big enough for other players including Kuaishou and Douyin to grow together.

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The Bilibili logo on a smartphone screen. Photo: Bloomberg
The Bilibili logo on a smartphone screen. Photo: Bloomberg
Stocks

Sell-off erases US$28 billion in market cap of top e-cigarette players

Share of Smoore International, the world’s largest e-cigarette maker, plummeted in Hong Kong following peer’s slide on Wall Street.

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Tesla

Cathie Wood expects Tesla’s shares to hit US$3,000 by 2025

According to Ark Invest Management’s new model, in the best case scenario, Tesla could reach US$4,000 per share in 2025, and in the bear case, US$1,500.

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Food and Drinks

China’s hungry young professionals are driving a restaurant boom

China’s restaurant sector is enjoying breakneck growth and could soon overtake the US as the world’s biggest market.

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A young couple enjoying a meal at a Haidilao hotpot restaurant in Beijing. Photo: Simon Song
A young couple enjoying a meal at a Haidilao hotpot restaurant in Beijing. Photo: Simon Song
Investing

Investor eyes banks after making 785 per cent on Kweichow Moutai

Dong Baozhen’s flagship fund has handily beaten the Shanghai Composite Index’s 14 per cent gain by owing just one stock.

China property

One man’s downfall imperils a huge Chinese business, yet again

Latest scandal involving Wang Zhenhua, the controlling shareholder of Future Land, shows how investors end up paying a heavy price for the mistakes of executives synonymous with their companies.

Hong Kong company reporting season

L’Occitane’s profit jumps 22 per cent, beats expectations

US, Russia and China were the fastest-growing markets for L’Occitane.

Customers shop at a L’Occitane store in Paris. The company sales in France were hurt because of protests last year. Photo: AFP
A-shares

Kweichow Moutai pours confidence back into shaken investors

Investors were incensed in early May when it became known that the fiery liquor maker’s state-owned parent China Kweichow Moutai Winery Group had set up a wholly-owned unit to sell some of Moutai’s liquor. But a recent shareholder meeting seemed to reassure many investors.

Employees arrange bottles of Moutai baijiu at the Kweichow Moutai factory in the town of Maotai in Renhuai, Guizhou province, China, on December 14, 2017.
Employees arrange bottles of Moutai baijiu at the Kweichow Moutai factory in the town of Maotai in Renhuai, Guizhou province, China, on December 14, 2017.
Health & Fitness

Biotech firm’s business model proves a hit with investors

Not only is the firm profit-making, but its investment in potential drug candidates has made it attractive to investors, says Louis Tse Ming Kwong, managing director of VC Asset Management

Tencent

Tencent to grant directors powers to buy back 10pc of shares

Buy-back will spur a rally in Tencent’s stock price as it shows the management is confident in the company’s fundamentals, says Norman Hui, analyst with Zhongtai International Securities

HKEX

Tycoon Gordon Wu’s US$2.7b Hopewell privatisation approved

Privatisation will bring an end to the company’s 47-year listing on Hong Kong stock exchange

Hong Kong company reporting season

Li & Fung cuts China’s role in supply chain as labour costs rise

Hong Kong giant reported a 20 per cent year on year decline in core operating profit to US$285 million, but above consensus estimate of US$270 million

Hong Kong-listed Li & Fung supplies apparel, accessories and other products to major global retailers. Photo: Edmond So
Hong Kong-listed Li & Fung supplies apparel, accessories and other products to major global retailers. Photo: Edmond So
Television Broadcasts (TVB)

Hong Kong’s dominant broadcaster TVB loses US$25.3m for 2018

Company forecasts a challenging year ahead in Hong Kong, but expects a boost from its mainland China expansion.

Hong Kong property

Hong Kong’s retail sales depend on trade war outcome: Times Square owner

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Social media

Snap’s steady user base sends shares soaring 20pc

Hong Kong property

Chinese builders come under severe selling pressure in Hong Kong

Chinese property developers in Hong Kong came under severe selling pressure, with the shares of two builders sinking by as much as 80 per cent in late trading on Thursday.

Geely

Geely shares skid as sales miss target, warns of dire 2019

Consumers

Cafe de Coral beats forecasts, serves up 16pc rise in first-half profit

But minimum wage increase set to take effect next year may weigh on profitability.

Cafe de Coral is Hong Kong’s largest fast food chain with 463 outlets. Photo: Nora Tam
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