02 Feb 2024 Sunny issued profit warning that net profit may decline 50%-55% YoY in FY23 to Rmb1,084mn-1,204mn, worse than our earning estimation of Rmb1,409mn. The profit warning also implied net profit in 2H23 would range from Rm647mn to Rmb767mn,
29 Jan 2024 CEG’s 1H23 revenue edged down by 9% YoY to HK$3,820m, and 1H23NP was down by 29% YoY to HK$264m. We expect 2H23 results could be worse than 1H23, on the back of i) deteriorating demand of its
22 Jan 2024 The concept of consumer downgrading – In recent years, a new consumer concept, known as “consumer downgrading,” has gradually become a focal point of attention. It involves reducing efficiency, experiences, individuality, taste, and attitude to achieve the
08 Jan 2024 Economists polled by Bloomberg had forecast that nonfarm payrolls likely increased by a net 175,000 in December and that the unemployment rate edged up to 3.8%. The Labor Department reported a 216,000 job gain and an unchanged
11 Dec 2023 Chinese banks are stepping up their lending support for private property enterprises as loans from major banks have exceeded Rmb30bn since November, with over Rmb14bn made in the past two weeks, according to Xinhua. The report also
27 Nov 2023 Black Friday e-commerce spending was up by 7.5% YoY, reaching a record of US$9.8bn in the U.S., according to an Adobe Analytics report, a further indication that price-conscious consumers want to spend on the best deals and
17 Nov 2023 Man Wah reported its Sept ended 1HFY24 results with top line decreased by 4.0% YoY to HK$9.1bn. GPM slightly increased by 0.3ppt YoY to 39.1%. NP increased by 4.0% YoY to HK$1.1bn with NPM improved by 1.0ppt
15 Nov 2023 Xtep management provided sales update on Double 11 recently. Xtep core brand online growth was only HSD YoY, which is below both the market and mgmt. expectations. We believe the slow growth is mainly due to the
13 Nov 2023 9M23 telecom industry continued to be driven by new business, especially Cloud computing and big data.
13 Nov 2023 Amid the slowdown in domestic manufacturing industry affected by macroeconomic uncertainties, demand for CNC machine tools were sluggish as customers suffered insufficient rate of operation, Precision Tsugami (China) (PTC) 1H24 revenue decreased by 32.1% YoY to Rmb1.5bn.
