Analysis

Israel equities were lower at the close on Sunday, as losses in the Oil&Gas, Real Estate and Communication sectors propelled shares lower.

Investing.com-- Asian chipmaking stocks fell on Thursday, tracking overnight losses in market darling Nvidia after the chipmaker’s guidance on revenue and margins underwhelmed, raising concerns over the AI trade. 

Trio Industrial Electronics Group Limited , a leading manufacturer and distributor of advanced industrial electronic components and products in Hong Kong, is pleased to announce the consolidated interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2024.

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- Global lifestyle brand MINISO marked the grand opening of its 200th store in the United States on August 24, 2024, at the iconic 3rd Street Promenade in Santa Monica.

Investing.com-- Chinese stocks are unlikely to see a sharp rebound in the near-term, Alpine Macro analysts warned, citing growing concerns over a sluggish growth outlook and laggard policy support from Beijing.

Ficus Technology Holdings Limited(Incorporated in the Cayman Islands with limited liability)(Stock Code: 8107)Entering into a Cooperation Agreement with Shenbei Community Service CentreCo-nurturing Target Customers in Local Communities(Hong Kong - 27 August 2024) Innovative supply chain management service provider –Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that on 27 August 2024, the Group has entered into a strategic cooperation agreement with the Shenbei Hao He Er Community Service Centre in Shenbei New District, Shenyang City* (瀋陽市瀋北新區瀋北好賀兒社會服務中心，”Shenbei Community Service Centre”) for a period of three years.With a mission of “Supporting Enterprises and Benefiting Citizens,” Shenbei Community Services Centre is deeply rooted in local communities, offering comprehensive services and solutions to local residents. Through various community events and interactions, Shenbei Community Services Centre gains deep understanding of local needs and consumption trends, positioning it as a trustworthy gateway to access local consumers. Through this collaboration, Shenbei Community Services Centre will promote Ficus Discovery Platform (“Ficus Discovery Platofrm”, www.ficusdsc.com), the e-commerce platform operated by the Group and products it offers. A wide range of products, including apparel, daily necessities, and cosmetics, will be offered for sale in Shenbei New District, Shenyang City.About the Ficus Discovery Platform The Ficus Discorvery Platform is an e-commerce platform operated by the Group, utilizing a disintermediation model to establish direct connections between manufacturers and consumers (“M2LC”), thereby facilitating transactions and cultivating a long-term loyal customer base. Leveraging the Group’s extensive supply chain resources, innovative supply chain management solutions, digital marketing capabilities, authentication and traceability technologies, the Ficus Discovery Platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers. Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited comments: “This is a mutually beneficial collaboration, allowing the Ficus Discovery Platform and the Group’s innovative supply chain management solutions to further expand its customer base, offering genuine products to local communities through community purchasing and other means. Leverage on the local knowledges provided by Shenbei Community Service Centre and the bonding influences of local residents, Ficus Discovery Platform would have the opportunity to nurture a group of loyal and long-term customers and thus enhance the sustainability and diversify the income stream of the Group.” - END -About Ficus Technology Holdings Limited（8107.HK）Ficus Technology Holdings Limited (formerly known as Vision International Holdings Limited) is an innovative supply chain management service provider, mainly focuses on the sales of apparel products with the provision of supply chain management services. The Group had advanced supply chain management service to include anti-counterfeit, traceability and marketing functions for brand protection on both the apparel andotherproducts. File: 8107_Press Release_EN_20240827_FINAL28/08/2024 Dissemination of a Marketing Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

NZD/USD recovers recent losses from the previous session, trading around 0.6220 during Tuesday’s European hours.

Investing.com-- Japanese stocks are expected to see some instability in the next month, but are primed for a bullish long-term outlook, Citi said in a note

Investing.com-- The prospect of lower interest rates in the coming months presents a favorable environment for small-cap stocks in Asia, Bernstein wrote in

Russia equities were higher at the close on Monday, as gains in the Oil&Gas, Telecoms and Mining sectors propelled shares higher.

Taiwan equities were higher at the close on Monday, as gains in the Electronic Parts/Components, Auto and Machinery sectors propelled shares higher.

Investing.com-- Asian stocks were a mixed bag on Monday, taking some support from expectations of lower U.S. interest rates although Japanese markets retre

Russia equities were lower at the close on Friday, as losses in the Power, Mining and Telecoms sectors propelled shares lower.

Israel equities were higher at the close on Sunday, as gains in the Oil&Gas, Financials and Real Estate sectors propelled shares higher.

Japan equities were higher at the close on Friday, as gains in the Transportation Equipment, Pharmaceutical Industry and Paper&Pulp sectors propelled shar

Total revenues were RMB933.8 million (US$128.5 million) in the second quarter of 2024, compared with RMB1,044.2 million in the same period of 2023.

Conservative positioning continues to drivereturn to profitabilitySun Hung Kai & Co. Limited (Stock Code: 86.HK) (“SHK & Co” or the “Company”, together with its subsidiaries, the “Group”) announces a significant turnaround in its interim results for the period ended 30 June 2024, reflecting the benefits of its diversified business model and progress in its strategic transformation amidst volatile and uncertain business environment. Financial Summary Six months ended Year ended (HK$ Million) Jun 2024 Jun 2023 Change Dec 2023 Revenue 1,915.8 1,968.3 -2.7% 3,916.6 Pre-tax profit/(loss) 307.4 36.5 742.2% 76.6 Profit/(loss) attributable to owners of the Company 75.4 (287.5) N/A (471.4) Basic earnings/(losses) per share (HK cents) 3.9 (14.7) N/A (24.1) Interim dividend (HK cents) 12.0 12.0 - 14.0^ Book value per share (HK$) 10.7 11.0 -2.7% 10.8 ^Second interim dividend Despite challenging market conditions, SHK & Co delivered a revenue of HK$1,915.8 million (1H2023: HK$1,968.3 million), which mainly consisted of interest income of HK$1,650.2 million from the Credit business. Profit attributable to the owners of the Company was HK$75.4 million, a significant turnaround from a loss of HK$287.5 million for the same period last year.The Group remained cautious and focused on managing its investment portfolio proactively and continued to maintain a strong balance sheet with ample liquidity, allowing it to capitalise on opportunities arising from market dislocations. For the six months ended 30 June 2024, the Board has declared an interim dividend of HK12 cents per share, which remains unchanged from the first half of 2023.Business Review Pre-tax contribution for the six months ended Segment assets as at (HK$ Million) Jun 2024 Jun 2023^ Change Jun 2024 Dec 2023^ CREDIT BUSINESS Consumer Finance 400.3 553.8 -27.7% 17,598.0 18,062.9 Mortgage Loans 25.0 71.6 -65.1% 2,311.3 2,674.6 Private Credit -- (10.2) N/A -- -- Sub-total 425.3 615.2 -30.9% 19,909.3 20,737.5 INVESTMENT MANAGEMENT (358.4) (861.4) -58.4% 15,528.3 16,257.4 FUNDS MANAGEMENT 1.3 16.3 -92.0% 21.6 24.9 GMS 239.2 266.4 -10.2% 4,046.5 3,849.7 Total 307.4 36.5 742.2% 39,505.7 40,869.5 ^ Re-presented as term loans of Private Credit were regrouped to Special Situations under Investment ManagementCredit business maintained its solid performance, contributing a pre-tax profit of HK$425.3 million for the period with lower operating costs than the same period last year, which reflected SHK & Co’s ongoing commitment to operational efficiency. Funds Management business maintained its trend of profitability despite the challenging fundraising environment. Excluding the one-off impact from the sale of revenue share rights in East Point in the first half of 2023, pre-tax contribution from Funds Management grew 116.7% year-on-year, assisting the Group’s transformation into a leading alternative investment platform.It reported robust growth in the collective AUM (Asset under Management) of its funds and that of its fund partners, reaching US$1.2 billion, a new record since the launch of this platform in 2021. The growth in assets under management was driven by a net cash inflow of over US$130 million and market gains of about US$100 million, with good contributions from almost all strategies. The Group is confident in the development of this segment, particularly with a strategic alliance with GAM Investment effective from 1 August 2024. This alliance has expanded its product offerings and enhanced its client coverage and capabilities across Greater China.The multi-family office platform, Family Office Solutions (“FOS”), continued to make strides, expanding client base by leveraging its access to global private investment opportunities. This unit provides customised alternative investment solutions for family offices and high-net-worth individuals with similar investment approaches and horizons, generating returns based on the alignment of interests. Investment Management division also reported significant improvement. The overall return continued to improve over the past two years and recorded a positive gain of 0.4% for the period. Pre-tax loss was narrowed by 58.4% to HK$358.4 million after allocating an internal cost of capital charge of HK$348.7 million, compared to HK$861.4 million for the first half of 2023. This positive development was largely attributed to enhanced performance across Private Equity, Hedge Funds, and Corporate Holdings, while Special Situations and Real Estate continued to deliver solid gains. Alternatives and Real Estate segments recorded an unrealised gain of HK$172.2 million, mainly due to the solid returns contributed by Hedge Funds after actively adjusted towards a more conservative exposure.Mr. Lee Seng Huang, the Group Executive Chairman said, “Throughout the first half of 2024, we have maintained a conservative position, and continued to buyback of our own debt. While the anticipated interest rate cuts offer some hope of relief, 2024 presents a complex landscape. As the global economic recovery remains uncertain with continued geopolitical tensions and uncertainties brought by US presidential election, we remain cautiously optimistic but continue to reduce market exposures. With the new alliance with GAM Investments, we are excited by the potential opportunities it presents and will continue to execute on the buildup of our investment and distribution capabilities.”For more details of the 2024 interim earnings, please refer to the official announcement.- End -About Sun Hung Kai & Co.Sun Hung Kai & Co. Limited (SEHK: 86) (“SHK & Co” / the “Company”, together with its subsidiaries, the “Group”) is a leading Hong Kong-based financial institution recognised for its expertise in alternative investments and wealth management. Since 1969, the Company has built a diversified investment portfolio across public markets, credit and alternatives strategies including real estate and private equity, delivering long-term risk-adjusted returns. Leveraging its deep-rooted Asian heritage, SHK & Co supports and nurtures specialist emerging asset managers in the region, empowering them to excel. SHK & Co also utilises its long-standing investment expertise and resources in providing tailored investment solutions to like-minded partners and ultra-high-net-worth investors through its Family Office Solutions. As of 30 June 2024, the Group held about HK$39.5 billion in total assets. For more information about SHK & Co, please visit www.shkco.com / follow us on LinkedIn.For media enquiries, please contact:Hill and KnowltonJoanne Lam +852 9839 6552Sidney Leng +852 5443 4320Lynn Zhang +852 9794 5751Email: SHKCo@hkstrategies.com22/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

Bank of Japan Governor Kazuo Ueda is set to speak in front of parliament on Friday, and faces a delicate task of informing policymakers of likely future mo

Asian stocks retreated on Wednesday as strength in the yen spurred a further unwinding in the carry trade, while losses in e-commerce major JD.com dragged

Most Asian stocks rose on Tuesday, tracking an overnight rally on Wall Street as markets cheered the prospect of lower U.S. interest rates before a key add