Daily Hong Kong Stock Market News Briefing (January 20, Monday)
Individual Stock News
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Air China (00753.HK) issued a profit warning, expecting an annual net loss attributable to shareholders of approximately RMB 160 million to 240 million.
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JP Morgan increased its holdings in China Merchants Bank (03968.HK) by approximately 9.0315 million shares at a price of HKD 39.58 per share.
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China Merchants Securities (06099.HK): The net profit attributable to shareholders for 2024 is expected to be RMB 10.367 billion, an increase of 18.29% year-on-year.
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CanSino Biologics (06185.HK) issued a profit warning, expecting an annual net loss attributable to shareholders of RMB 335 million to 385 million.
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PICC P&C (02328.HK) expects original insurance premium income of RMB 538.055 billion in 2024, a year-on-year increase of 4.3%.
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Skyworth Group (00751.HK): Skyworth Digital expects a year-on-year decline in net profit attributable to shareholders of 65.12%–51.83% for 2024.
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CITIC Securities (06030.HK) released a performance forecast for 2024, with a net profit attributable to shareholders of RMB 21.704 billion, a year-on-year increase of 10.06%.
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People's Insurance Group of China (01339.HK): The original insurance premium income of PICC P&C for 2024 is expected to be RMB 538.055 billion, a year-on-year increase of 4.3%.
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SF Holding (06936.HK) reported a total revenue of RMB 26.437 billion from express logistics, supply chain, and international business in December, a year-on-year increase of 12.34%.
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Haitong Securities (06837.HK) was absorbed and merged by Guotai Junan (02611.HK), and the fundraising for the merger has been approved for registration and approval by the China Securities Regulatory Commission.
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Conant Optical (02276.HK): It is expected that net profit will increase by no less than 30% in 2024, mainly due to steady revenue growth; the diversification of lens types and the increasing proportion of high value-added products.
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Zijin Mining (02899.HK): Plans to acquire a 24.82% stake in Tibet Zangge Mining for RMB 13.729 billion and gain control.
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New China Life Insurance (01336.HK): Cumulative original insurance premium income for 2024 is expected to be RMB 170.511 billion, a year-on-year increase of 2.8%