PC Partner has announced positive profit alert. Net profit in 1H18 is expected to exceed that of full year 2017 (HKD332m) which beats our forecast of HKD188m.
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The US-China trade war has yet to impact June's export data, which remained resilient at 11.3% YoY in USD.
Q-Tech issued their second profit alert on their 1H18 results, stating that a net loss of about RMB50m is expected to be recorded during the period...
While the second hit list is much more comprehensive than the first one, the magnitude of the tariffs is a lot less...
Johnson Electric (JE) announced its 1Q FY18/FY19 business yesterday.
Kin Yat's (638 HK, NR) gross margin was under pressure in FY18 (FY ended Mar) due to Rmb appreciation as well as high costs of passive components (e.g. capacitors, resistors).
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.