CR Gas's 2016 net profit came in at HK$3.3bn, which was up 16% YoY, 5% / 7% below our / consensus forecast, respectively.
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Vincent Medical reported its FY16 results last night.
Sky Light surged 20% yesterday despite the company announced on the same day 2016 revenue was down 51% YoY and net profit fell 74% YoY...
IGG 2H16 revenue increased by 98.5% to USD196mn driven by great success of Lords Mobile (LM) and steady performance of existing signature game Castle Clash (CC).
Canvest's FY16 revenue recorded 39.6% YoY growth to HK$1,654 mn...
Revenue was up 6.3% YoY to RMB4.4 bn: 1) wind/solar power sales were up 39% to RMB1,983 mn (45% of FY16 revenue)...
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.