Rumor: HK Electric and CLP Power Expected to Reduce Tariffs by Approximately 2% Next Year
Tariff Adjustments: CLP Power and HKELECTRIC are expected to announce their tariff adjustment plans for the upcoming year, potentially as early as today (18th).
Expected Tariff Cuts: Both companies are likely to reduce tariffs by approximately 2% year-on-year, translating to a decrease of about HK3-4 cents per unit of electricity.
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<Midday Update> HSI Falls 484 Points; HSTI Declines by 89 Points; MEITUAN Drops More Than 4%; CLP HOLDINGS, TIANGONG INT'L, MINTH GROUP, and CH OVS G OCEANS Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 484 points (1.8%) to 26,547, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.6% and 1.7%, respectively.
Active Heavyweights: Major stocks like Meituan, Ping An, Alibaba, and Tencent saw significant drops, with Meituan down 4.5% and Tencent down 1.7%, amidst high short selling activity.
Notable Declines: Companies such as Zijin Mining and China Life faced substantial losses, with Zijin Mining dropping 5.2% and China Life down 4.9%, reflecting a broader trend of declining stock prices.
Gainers and Losers: Healthyway Inc. experienced a notable increase of 18.8%, while Mongol Mining and Fit Hon Teng saw significant declines of 13.7% and 11.3%, respectively, indicating volatility in the market.
CLPe Backs Hong Kong Government's Revised EV Popularization Roadmap
CLP Holdings' Support for EV Roadmap: CLP Holdings' subsidiary, CLPe, is enhancing the high-speed charging network for electric commercial vehicles in support of the Hong Kong government's updated roadmap for electric vehicle adoption.
Focus on Fast Charging Solutions: Managing Director Ringo Ng emphasized the importance of fast charging solutions for medium and heavy commercial vehicles to drive their electrification.
Expansion of Charging Services: CLPe plans to significantly expand its charging services this year, focusing on fast and ultra-fast charging options.
Collaboration with Commercial Partners: The company aims to deepen collaboration with commercial vehicle partners to offer diverse charging solutions, promoting wider electrification in the transport and logistics sectors.
HSI Ends at 27,266, Gaining 83 Points; HSTI Finishes at 5,499, Up 48 Points; XIAOMI Surges Over 4%; TECHTRONIC IND, CHINA RES MIXC, ZTO EXPRESS-W, WH GROUP, CLP HOLDINGS Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 83 points (0.3%) to close at 27,266, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains, with market turnover reaching $217.22 billion.
Active Heavyweights: Notable movements included Xiaomi (+4.3%), Ping An (-1.3%), Tencent (-0.5%), and Alibaba (-0.2%), with significant short selling activity across these stocks.
HSI & HSCEI Constituents: Key performers included Pop Mart (-5.5%), Techtronic Industries (+4.9%), and BYD Company (+3.5%), with several stocks hitting new highs despite some declines.
HSMI & HSSI Constituents: Synagistics surged by 38.7%, while KB Laminates and CNBM both rose by over 11%, indicating strong performance in certain sectors despite some stocks experiencing declines.
Midday Update: HSI Rises by 290 Points; HSTI Gains 11 Points; HANG LUNG PPT Falls Over 4%; ZIJIN MINING, HSBC HOLDINGS, CHINAHONGQIAO, WH GROUP, and CLP HOLDINGS Reach New Peaks
Market Performance: The HSI rose by 290 points (1.1%) to 27,055, while the HSTI and HSCEI also saw gains, closing at 5,737 and 9,226 respectively.
Active Heavyweights: Notable stock movements included BABA (+2.2%), PING AN (+1.9%), and TENCENT (+1.1%), while MEITUAN experienced a slight decline of 0.5%.
Constituents on the Move: ZIJIN MINING saw a significant increase of 4.1%, while HANG LUNG PPT dropped by 4.4%. Other notable gainers included AIA (+3.5%) and HSBC (+2%).
HSMI & HSSI Highlights: ADICON HOLDINGS surged by 27.8%, while FANGZHOU JIANKE fell sharply by 18.8%. ZONQING LTD and INNOGEN also posted strong gains of 18.4% and 12.8%, respectively.
<Daily Summary> HSI Ends at 26,585, Gaining 97 Points; HSTI Finishes at 5,746, Up 62 Points; ANTA SPORTS Declines by More than 4%; BIDU-SW, MTR CORPORATION, POWER ASSETS, SINOPEC CORP, and CLP HOLDINGS Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 97 points (0.4%) to close at 26,585, while the Hang Seng Tech Index (HSTI) increased by 62 points (1.1%) to 5,746, with a total market turnover of $250.45 billion.
Active Heavyweights: Notable movements included Alibaba (BABA) up 2.2% to $163.2, Tencent (TENCENT) up 0.2% to $602.5, and Xiaomi (XIAOMI) down 0.2% to $35.42, with significant short selling activity across these stocks.
HSI & HSCEI Constituents: Anta Sports (ANTA) fell 4.2% to $79.1, while SMIC (SMIC) and Kuaishou (KUAISHOU) saw gains of 3.7% and 3.6%, respectively, indicating mixed performance among constituents.
HSMI & HSSI Constituents: Skyworth (SKYWORTH) surged 37.5% to $7.12, marking a new high, alongside other significant gainers like SF Intra-City (up 20.5%) and TCL Electronics (up 14.8%), reflecting strong upward trends in certain sectors.
Midday Update: HSI Ends at 26,851, Down 71 Points; HSTI at 5,815, Down 12 Points; ALI HEALTH Falls Over 5%; SHK PPT, CKH HOLDINGS, CLP HOLDINGS, BOC HONG KONG, and CONANT OPTICAL Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 71 points (0.3%) to 26,851, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable movements included Xiaomi and Ping An, both down approximately 1.6%, while Alibaba saw a slight increase of 1.1%.
Significant Declines: Ali Health and Pop Mart faced substantial drops of 6.3% and 4.8%, respectively, with Pop Mart experiencing high short selling activity.
Top Gainers: Techtronic Industries and Li Ning reported gains of 4.8% and 4.0%, respectively, with several companies hitting new highs in their stock prices.
<Midday Update> HSI Falls 484 Points; HSTI Declines by 89 Points; MEITUAN Drops More Than 4%; CLP HOLDINGS, TIANGONG INT'L, MINTH GROUP, and CH OVS G OCEANS Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 484 points (1.8%) to 26,547, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.6% and 1.7%, respectively.
Active Heavyweights: Major stocks like Meituan, Ping An, Alibaba, and Tencent saw significant drops, with Meituan down 4.5% and Tencent down 1.7%, amidst high short selling activity.
Notable Declines: Companies such as Zijin Mining and China Life faced substantial losses, with Zijin Mining dropping 5.2% and China Life down 4.9%, reflecting a broader trend of declining stock prices.
Gainers and Losers: Healthyway Inc. experienced a notable increase of 18.8%, while Mongol Mining and Fit Hon Teng saw significant declines of 13.7% and 11.3%, respectively, indicating volatility in the market.
CLPe Backs Hong Kong Government's Revised EV Popularization Roadmap
CLP Holdings' Support for EV Roadmap: CLP Holdings' subsidiary, CLPe, is enhancing the high-speed charging network for electric commercial vehicles in support of the Hong Kong government's updated roadmap for electric vehicle adoption.
Focus on Fast Charging Solutions: Managing Director Ringo Ng emphasized the importance of fast charging solutions for medium and heavy commercial vehicles to drive their electrification.
Expansion of Charging Services: CLPe plans to significantly expand its charging services this year, focusing on fast and ultra-fast charging options.
Collaboration with Commercial Partners: The company aims to deepen collaboration with commercial vehicle partners to offer diverse charging solutions, promoting wider electrification in the transport and logistics sectors.
HSI Ends at 27,266, Gaining 83 Points; HSTI Finishes at 5,499, Up 48 Points; XIAOMI Surges Over 4%; TECHTRONIC IND, CHINA RES MIXC, ZTO EXPRESS-W, WH GROUP, CLP HOLDINGS Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 83 points (0.3%) to close at 27,266, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains, with market turnover reaching $217.22 billion.
Active Heavyweights: Notable movements included Xiaomi (+4.3%), Ping An (-1.3%), Tencent (-0.5%), and Alibaba (-0.2%), with significant short selling activity across these stocks.
HSI & HSCEI Constituents: Key performers included Pop Mart (-5.5%), Techtronic Industries (+4.9%), and BYD Company (+3.5%), with several stocks hitting new highs despite some declines.
HSMI & HSSI Constituents: Synagistics surged by 38.7%, while KB Laminates and CNBM both rose by over 11%, indicating strong performance in certain sectors despite some stocks experiencing declines.
Midday Update: HSI Rises by 290 Points; HSTI Gains 11 Points; HANG LUNG PPT Falls Over 4%; ZIJIN MINING, HSBC HOLDINGS, CHINAHONGQIAO, WH GROUP, and CLP HOLDINGS Reach New Peaks
Market Performance: The HSI rose by 290 points (1.1%) to 27,055, while the HSTI and HSCEI also saw gains, closing at 5,737 and 9,226 respectively.
Active Heavyweights: Notable stock movements included BABA (+2.2%), PING AN (+1.9%), and TENCENT (+1.1%), while MEITUAN experienced a slight decline of 0.5%.
Constituents on the Move: ZIJIN MINING saw a significant increase of 4.1%, while HANG LUNG PPT dropped by 4.4%. Other notable gainers included AIA (+3.5%) and HSBC (+2%).
HSMI & HSSI Highlights: ADICON HOLDINGS surged by 27.8%, while FANGZHOU JIANKE fell sharply by 18.8%. ZONQING LTD and INNOGEN also posted strong gains of 18.4% and 12.8%, respectively.
<Daily Summary> HSI Ends at 26,585, Gaining 97 Points; HSTI Finishes at 5,746, Up 62 Points; ANTA SPORTS Declines by More than 4%; BIDU-SW, MTR CORPORATION, POWER ASSETS, SINOPEC CORP, and CLP HOLDINGS Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 97 points (0.4%) to close at 26,585, while the Hang Seng Tech Index (HSTI) increased by 62 points (1.1%) to 5,746, with a total market turnover of $250.45 billion.
Active Heavyweights: Notable movements included Alibaba (BABA) up 2.2% to $163.2, Tencent (TENCENT) up 0.2% to $602.5, and Xiaomi (XIAOMI) down 0.2% to $35.42, with significant short selling activity across these stocks.
HSI & HSCEI Constituents: Anta Sports (ANTA) fell 4.2% to $79.1, while SMIC (SMIC) and Kuaishou (KUAISHOU) saw gains of 3.7% and 3.6%, respectively, indicating mixed performance among constituents.
HSMI & HSSI Constituents: Skyworth (SKYWORTH) surged 37.5% to $7.12, marking a new high, alongside other significant gainers like SF Intra-City (up 20.5%) and TCL Electronics (up 14.8%), reflecting strong upward trends in certain sectors.
Midday Update: HSI Ends at 26,851, Down 71 Points; HSTI at 5,815, Down 12 Points; ALI HEALTH Falls Over 5%; SHK PPT, CKH HOLDINGS, CLP HOLDINGS, BOC HONG KONG, and CONANT OPTICAL Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 71 points (0.3%) to 26,851, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable movements included Xiaomi and Ping An, both down approximately 1.6%, while Alibaba saw a slight increase of 1.1%.
Significant Declines: Ali Health and Pop Mart faced substantial drops of 6.3% and 4.8%, respectively, with Pop Mart experiencing high short selling activity.
Top Gainers: Techtronic Industries and Li Ning reported gains of 4.8% and 4.0%, respectively, with several companies hitting new highs in their stock prices.
