Revenue dropped by 5.2% YoY to RMB5.1bn, with footwear/apparel products recorded 7.6%/0.3% YoY decline in sales...
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Emperor Watch & Jewellery (EWJ) announced its FY17 results last night, which recorded a strong NP turnaround to HK$160mn from a loss of HK$65mn in FY16, mainly driven by...
Kingdee announced FY17 results with a 23.7% yoy increase in revenue to Rmb2,303mn on 1) stable revenue growth of 14.1% yoy from ERP business and 2) rapid cloud services business revenue growth of 66.7% yoy.
Xin Point, which is a manufacturer of plastic electroplating auto parts, reported 31.9% YoY increase in FY17 core profit to RMB 409.1m, which exclude listing expenses of RMB 17.8m.
In FY17, the company's revenue was up by only 2.7% to RMB5.2bn, while recurring NP was roughly flat at RMB457mn.
TK Group (TKG) announced its FY17 results last night and we attended the analyst briefing this morning.
Congratulations to Vincent Medical (1612.HK) on the successful listing on the Main Board of the Stock Exchange of Hong Kong Limited.
Crosby is a Joint Bookrunner of Vincent Medical (1612.HK) IPO.
Price of Bitcoin surged 20% during the week of June 3rd to the highest level in 20 months. Media reports said that this sharp increase have been largely attributed to demand from the Chinese market and that the fear of sharp devaluation of the RMB caused panicked Chinese traders to buy Bitcoin to avoid losses.
But not everyone agreed……
According to a Forbes article, “….by 2017, more than 30% of enterprise access to broadly based big data will be via intermediary data broker services, serving context to business decisions.” “…… by 2020 information will be used … eliminate 80% of business processes …from a decade earlier. ”
Congratulations to Bank of Tianjin (1578.HK) on the successful listing on the Main Board of the Stock Exchange of Hong Kong Limited.
Crosby is a Joint Bookrunner and Joint Lead Manager of Bank of Tianjin (1578.HK) IPO.
Want to know what the HK landlord thinks of the biggest retail sales plunge since SARS? Crosby kicks off the Year of Monkey with Link REIT (823 HK) and Fortune REIT (778 HK) Corporate Access events.
IMax China (1970 HK, NR) is definitely one of the few names on our radar that outperformed the global equities meltdown that is taking place at the moment.
As sales figures on the iPhone 6S continue to disappoint, bets are now on when Apple will be launching the iPhone 6c and iPhone 7 in order to keep up with their earnings growth.
Crosby has issued a sector report on China telecom sector today. We believe Tower asset injection will benefit China Tel (728 hk, NR) on its 4G network coverage.