HONG KONG: CLOSING WRAP, 10Jun2013

HSI bounces from lows while HSCEI hits new ones. Investment volume in HK climbs in Q1, Air China falls most in 2 months. Agile defines fat finger trading and prominent media mogul suggests his politico commentary caused his assault.

Air China (753) Falls Most in Two Months on Yields: Hong Kong Mover

Air China Ltd. (753), the nation’s biggest carrier by market value, fell the most in two months inHong Kong trading after declining yields prompted UBS AG to cut its earnings forecast for the airline. Read More, Bloomberg

CHINA: BEFORE THE OPEN, 27May2013

Slower sustainable green growth acceptable according to President Xi Jinping and Premier Li Keqiang. Li gets in Merkel’s face on China trade and inks Swiss FTA. PBOC to issue 26bn  T-bonds and bank card transaction top 100tln yuan. Here’s what you need to know before the open this Monday.

Air China, subsidiary to buy 100 Airbus planes for 8.85 bln USD

Air China, the country’s leading carrier, and its subsidiary Shenzhen Airlines have signed deals to buy a total of 100 Airbus 320-series planes for 8.85 billion U.S. dollars, Air China announced Friday. Read More, Xinhua 

HONG KONG: BEFORE THE OPEN, 26Apr2013

Air China posts 3.98% rise in profit

Hong Kong Exchange

HONG KONG: BEFORE THE OPEN

Baby Momma Drama… The Milk Formula Wars:
1. 2 tins of milk powder… That’s it
2. Already 25 arrests
3. Chinese micro-bloggers in uproar… Say what about Chinese water HK uses
And Back To Regular News:
1. Beijing approves of Leung’s behavior
2. If you got a bonus this year… Lane Crawford offers Made-To-Measure
3. Air China to purchase 31 Boeing planes… Cost of US$4.8bn
4. Cathay Pacific to purchase 3 Boeing planes… Cost of US$1.016bn
5. Another Pearl Oriental Oil executive under investigation by ICAC
6. Jackie Chan a Beijing interloper… To appear at CPPCC
7. Las Vegas Sands ‘probably violated the US Foreign Corrupt Practices Act’

HONG KONG: MARKET WRAP

HK continues  to bleed red today. Financials continued their downward trend.

1. HSI (22782.44, -0.54% DTD)

2. HSCEI (11317.13, -0.95% DTD)

3. Belle International (1880 HK, HK$14.46, -5.37% DTD) down 20% since profit warning yesterday

4. Zoomlion (0157 HK, HK$0.69) shares suspended today due to equity incentive plan

5. Air China (0753 HK, HK$6.22, -5.04% DTD) gets a smack down, BAML downgrades stock

6. HK Jan CPI grows +3.0% YoY vs. +3.7% growth in Dec

7. Centaline property index shows WoW prices down -0.12%

 

AIR CHINA (753 HK, 601111 CH) CUT FROM BUY TO UNDERPERFORM @ BAML; TP HK$6.50

Air China’s (0753 HK) passenger traffic slips in Jan

‘Air China (0753) said the the turnover and traffic of passengers fell 1.5 percent and 2.7 percent in January as compared to a year back. The total passenger capacity decreased 0.4 percent from a year ago, of which the domestic routes recorded the higher decline.’ [The Standard]