CM reported in line results with revenue, EBITDA and NP deviated less than 1% from consensus forecasts.
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Today Precision Tsugami China (PTC) (a spin-off from Tsugami Japan (6101 JP, NR)) announced that, in view of continuing strong demands for CNC high precision machine tools in China...
Haitian International announced 29.3% YoY increase in FY17 net profit to Rmb2.0bn on the back of 25.8% YoY increase in turnover to Rmb10.2bn.
Tongda announced 2H17 results with revenue increased by 7.8% to HK$4,945m on increasing sales from handset and notebook computer products.
Sunny announced 2017 results with Revenue of Rmb22.37bn (+53% YoY) and NP of Rmb2.9bn (+127% YoY). 2H17 revenue went up by 41.7% YoY to Rmb12.3bn, 4.8% higher than our forecast.
Suntien Green's FY17 revenue was up strongly by 61% YoY to Rmb7.1bn mainly due to 1) wind/solar power sales were up by 56% to Rmb3.1bn and accounted for 43.9% of total revenue (FY16: 45.2%)...
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.