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<H Shrs>HSI Adds 1 Pt at Midday, but SMIC/ HUA HONG SEMI Subtract; HENDERSON LAND Mounts 5%+
Recommend 4 Positive 5 Negative 2 |
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The HSI gained 1 point to 22,777 at midday. The HSCEI lost 21 points or 0.3% to 8,278. The HSTECH sagged 83 points or 1.6% to 5,144. Total half-day turnover of the market amounted to $96.749 billion. SMIC (00981.HK) slumped 6.9% to $42.05 as its 1Q revenue QoQ growth missed guidance, while 2Q revenue is guided to fall 4-6% QoQ. HUA HONG SEMI (01347.HK) plunged 12.2% to $30.95 as its 1Q net profit decreased 88%. BABA-W (09988.HK) climbed 1.2% to $122.9 after it's open-source innovative foundation model search engine ZeroSearch outperformed Google. BIDU-SW (09888.HK) slid 1.1%. The 1-month HIBOR fell to over-2.5-year low. HENDERSON LAND (00012.HK) and SHK PPT (00016.HK) elevated 5.3% and 3.1%. BofA Securities upgraded HENDERSON LAND (00012.HK) to Buy, and raised its target price to $26.7. If the 1-month HIBOR stays at 2% for a long time, investment demand in the property market is expected to pick up. AAStocks Financial News |
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