Date
23 February 2017

Markets

  • Wall Street rally has spurred gains in equity markets in many parts of the world, including Hong Kong, but investors would do well not to get carried away. Photo: Reuters

    Enjoy the equity bubble but stay alert for sudden reversal

    - Feb 21, 2017 5:13pm
    The stock market meltdown two years ago saw numerous China and Hong Kong funds suffer badly. Following the debacle, fund managers were criticized for failing to book profits in time on the gains recorded earlier. Well,...
  • Snap expects to raise as much as US$3.2 billion from the offering of 200 million Class A shares. The offering is expected to be priced between US$14 and US$16 per share. Photo: Bloomberg

    Snap lowers valuation expectations in highly awaited IPO

    Feb 17, 2017 8:29am
    Snap Inc., owner of the popular messaging app Snapchat, set a lower-than-expected valuation range amid mounting investor concerns over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial...
  • Geely Automobile (00175.HK) has seen its shares post sharp gains along with improving results. Photo: Geely

    HK equities: Earnings season in focus

    - Feb 14, 2017 4:46pm
    Investors continue to keep a close eye on the words and deeds of Donald Trump as the US president has vowed to give a new direction to America’s economic and trade policies. Although Trump wants to...
  • Shandong International Trust plans to sell as many as 676.5 million shares in a Hong Kong initial public offering. Photo: Bloomberg

    Shandong Int’l Trust wins regulatory nod for US$300 mln IPO

    Feb 13, 2017 3:08pm
    China’s securities watchdog has approved the country’s first initial public offering by a trust company in more than 20 years. Shandong International Trust Co. Ltd. won approval from the China Securities Regulatory Commission to sell as...
  • As much as HK$10 billion of Chinese capital previously earmarked for potential overseas M&A deals has been redeployed into Hong Kong equities recently, according to an investment banker. Photo: HKEJ

    China money powers HK equities rally

    - Feb 9, 2017 10:50am
    The Hong Kong market’s recent gains were powered by a sudden influx of money from China, as some entities which built up reserves for potential overseas M&A deals decided to channel the funds into equity investments...
  • More than half of the equities listed in Singapore are trading below their net worth. Photo: Bloomberg

    Investors set sights on takeover candidates in Singapore

    Feb 7, 2017 10:00am
    With more than half of Singapore equities trading below their net worth, some investors are chasing profits by buying shares in companies that may be bought out or delisted by controlling shareholders or takeover firms. “Investors...
  • A screen shows the Dow Jones Industrial Average over the 20,000 mark following the closing bell on the floor of the NYSE on Wednesday. Photo: Reuters

    Dow tops 20,000 amid Trump policy hopes

    Jan 26, 2017 8:51am
    US stocks hit fresh highs on Wednesday, with the Dow Jones Industrial Average ending above the 20,000 level for the first time, amid optimism that Donald Trump’s policy initiatives will breathe new life into the world’s...
  • Based on back testing results using past ten years’ data, an F-score based portfolio stands a good chance of helping investors beat the benchmark index. Photo: HKEJ

    Can F-Score strategy help beat the index?

    - Jan 19, 2017 5:12pm
    In a previous column, I had talked about the Piotroski F-Score. Now, let’s discuss if it actually works. The Piotroski F-score is a discrete score between 0-9 which reflects nine criteria used to gauge the strength...
  • Although home prices have surged to record highs, property stocks in Hong Kong largely trade at a deep discount to net asset value. Photo: HKEJ

    HK equities: Avoid buying in a rangebound market

    - Jan 17, 2017 4:34pm
    Financial markets will be keeping a close eye on developments in the United States and the United Kingdom in the coming days. In the US, Donald Trump will be sworn in as the nation’s 45th President...
  • The People's Bank of China has stepped up supervision on bitcoin exchanges amid concerns over illegal activities. Photo: Bloomberg

    PBoC conducts spot inspections of bitcoin exchanges

    Jan 12, 2017 8:29am
    Chinese authorities carried out inspections of bitcoin exchanges in the country amid concerns over possible market manipulation, money laundering, unauthorized financing, currency conversion and other activities. The Shanghai and Beijing branches of the People’s Bank of...
  • A recovering stock market is said to be prompting Chinese authorities to consider easing up on stock-index futures trading, Photo; Bloomberg

    China may ease curbs on stock-index futures: report

    Jan 10, 2017 8:50am
    China may ease curbs on trading in stock-index futures after clamping down on the financial product earlier following a stock-market crash in the summer of 2015, according to the Wall Street Journal. The measures being considered include...
  • Chinese liquor makers, auto firms and retailers could see their pricing power improve in an inflationary environment, leading to better profit margins. Photo: China Daily

    Sectors to keep an eye on in China markets

    - Jan 9, 2017 4:46pm
    A shortage of quality assets and the entry of new players in the form of Chinese insurance firms and pension funds could provide support for the mainland’s A–share markets this year. That said, the upside may...
  • Under the deal being discussed, Actelion's R&D pipeline would be placed in a new publicly traded company. Photo: Reuters

    J&J discussing breaking up Actelion in an acquisition

    Dec 30, 2016 8:54am
    Johnson & Johnson is negotiating a deal to acquire Swiss biotechnology company Actelion Ltd. that would separate its commercialized portfolio from its research and development assets, Reuters reports, citing people familiar with the matter. The deal...
  • Japanese workers can look forward to an early finish on the last Friday of each month, if plans don't miscarry. Photo: Japan Times

    Japan wants employers to give workers a break

    Dec 30, 2016 8:43am
    Japan, which the coined the word “karoshi,” or death by overwork, wants companies to let workers finish early on the last Friday of every month, go out and have fun, Bloomberg reports. In an effort to...
  • Tightened controls have made it harder for underground money houses in China to wire money to offshore accounts in Hong Kong. Photo: HKEJ

    The link between RMB devaluation and a HK$4 million robbery

    - Dec 29, 2016 11:24am
    Just before Christmas, four men believed to be of South Asian ethnicity ambushed a Fujian-born traveler right outside the MTR Lok Ma Chau Station at the border. The suspects, who were wearing caps, took away his backpack...
  • Singapore's econmy relies on shipping and oil service firms. It is a bellwether for the larger ASEAN and Asian region. Photo: CNN

    Singapore defaults seen as sign of 2017 Asia distress

    Dec 29, 2016 8:12am
    Singapore’s commodities-related defaults could be a harbinger of deepening Asian financial troubles. Despite a modest rebound in resource prices, restructuring specialists including KPMG and Hogan Lovells Lee & Lee see more Asia-Pacific commodities and shipping companies...
  • Asahi Group Holdings this month beat China Resources and other rivals to buy Anheuser-Busch InBev's eastern European beer brands for 7.3 billion euros (US$7.6 billion). Photo: Reuters

    Japan Inc could claim edge in overseas deals over China

    Dec 28, 2016 8:01am
    Japan Inc. may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies...
  • The IPO is expected to value iQiyi at between US$4 billion and US$5 billion. Baidu is considering listing the unit in Hong Kong or the US next year. Photo: AP

    Baidu eyes US$1 bln IPO for video-streaming unit

    Dec 23, 2016 8:27am
    Chinese internet giant Baidu Inc. is planning an initial public offering of its video-streaming site iQiyi.com that could value the unit at up to US$5 billion, the Wall Street Journal reports, citing people familiar with the...
  • The Dow Jones industrial average ended just 25 points shy of 20,000, a level it has never breached. Photo: Reuters

    Wall Street hits record highs on Trump optimism

    Dec 21, 2016 8:36am
    The Dow and Nasdaq Composite rose to record highs in a rally fueled by optimism about US President-elect Donald Trump’s policies. The Dow Jones industrial average on Tuesday ended just 25 points shy of 20,000, a...
  • Exxon Mobil's Rex Tillerson has never worked for the government but as the chief executive of the biggest oil company, he has plenty of experience dealing with politicians and businessmen around the world. Photo: Reuters

    Why Trump is tapping the business elite for his team

    - Dec 16, 2016 1:17pm
    US President-elect Donald Trump has appointed Exxon Mobil chief executive Rex Tillerson as secretary of state. The 64-year-old Tillerson joined the oil company after graduating from university and became its CEO in 2006. Trump hailed Tillerson...

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