After 2 days big up, it's about time to pullback.

China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy.Analysts have trimmed profit projections for Hang Seng Tech Index members by 4% in April, following a similar reduction in March, according to data compiled by Bloomberg. Among their reasons is the prospect for further Covid flareups in the world’s most populous nation.The escalating concerns over Covid are adding to a raft of challenges facing China’s technology sector. These include more than a year of regulatory crackdowns, Federal Reserve interest-rate hikes that are luring capital away from riskier assets, and speculation that more of the firms may lose their U.S. stock exchange listings.Among the companies suffering the bigges

CapitaLandInvest (CLI) remains long-term positive on China and believes that the current headwinds may generate interesting counter-cyclical and opportunistic investment themes.The real estate investment manager said this in a bourse filing in response to shareholder questions about the uncertainties it faces in China ahead of its annual general meeting on Friday.While acknowledging the internal and external pressures faced by China since end-2021, it said its view on China is premised on China’s "Two Sessions" policy announcements that call for supportive pro-business and pro-consumption stimulus to steer economic and employment growth, while addressing concerns over the real estate sector and its capital markets.China has expressed the intention to soften and balance the economic impact

Majority analysts driving towards a 'buy' for ComfortDelGro as it has a smooth journey ahead and also for its positive outlook, as they see a recovery underway and while the group is positioned to benefit from the electric vehicle (EV) boom.For the FY2021 period, earnings surged some 114% y-o-y to $130.1 million, but the 2HFY2021 period experienced a 42% y-o-y decline to $39.1 million.The earnings growth in FY2021 was mainly due to higher revenue, as well as higher net income from investments. The earnings decline in 2HFY2021 however was mainly due to significantly lower Covid-19 government reliefs and lower net income from investments.ComfortDelGro is currently experiencing high vaccination rates, lower taxi rebates, higher rail ridership in Singapore, and increased charter activities in

Singapore Airlines (SIA) enjoyed an almost ninefold annual increase in passenger numbers last month as air travel started taking off following the lifting of travel restrictions.SIA and its low-cost subsidiary Scoot together carried 893,000 passengers in March, up from 544,600 in February and 100,100 in March 2021.Passenger load factor, which measures seat occupancy, rose to 54.5 per cent, a jump of 41.7 percentage points from a year earlier.The average passenger load factor during the pre-pandemic era was upwards of 78 per cent. The month of March thus represents the highest load factor since the start of the pandemic in early 2020.On the cargo side, load factors remained a healthy 72.5 per cent in March 2022, though 19.8 per cent down from a year ago. But actual cargo loads car

Every investor in AAC Technologies Holdings Inc. (HKG:2018) should be aware of the most powerful shareholder groups. We can see that individual insiders own the lion's share in the company with 44% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).And looking at our data, we can see that insiders have bought shares recently. Their expectations, however, were not satisfied, as the market cap dropped over the past few months.What Does The Institutional Ownership Tell Us About AAC Technologies Holdings?Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.As you can see, ins

CHINA CONSTRUCTION BANK CORPORATION is a commercial bank. The Bank operates its businesses through corporate banking businesses, including corporate deposit, corporate credit loan, asset custody, enterprise annuity, trade financing, international settlement, international financing and value-added services, among others, personal banking businesses, including personal deposit, loan, bank card services, private bank services, foreign exchange trading and gold trading services, among others, and capital business. The Bank operates its businesses in domestic and overseas markets.For its fourth quarter, narrow-moat China Construction Bank reported 9% and 11.6% year-on-year growth in revenue and net profits, respectively, slightly slowing from 9.3% and 12.8% in the first three quarters of 2021.

This integrated oil company in China which is one of the largest producers of crude oil and natural gas in the world, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 19.3% over the last 60 days. PetroChina Company Limited company has a dividend yield of 7.31%, compared with the industry average of 3.77%.PetroChina Co. Ltd. engages in the petroleum related products, services and activities. It operates through the following business segments: Exploration and Production; Refining and Chemicals; Marketing; Natural Gas and Pipeline; and Head Office and Other. The Exploration and Production segment involves exploration, development, production, and marketing of crude oil and natural gas.The Refining and Chemicals segment focuses on the refining of crud

NetEase, Inc. (NASDAQ:NTES) shareholders have seen the share price rise 79% over three years, well in excess of the market return (48%, not including dividends).While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.During three years of share price growth, NetEase achieved compound earnings per share growth of 26% per year. This EPS growth is higher than the 21% average annual increase in the share price. So it seems investors have become more cautious about the company, over time.What About Dividends?It is important to consider the total

When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. We note that CK Asset Holdings Limited (HKG: 1113) has debt on its balance sheet. But should shareholders be concerned about its use of debt?Why Does Debt Bring Risk?Debt only becomes a real problem when a company cannot repay it easily, either by raising capital or with its own cash flow. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers.However, a more common (but still costly) situation is where a company has to dilute its shareholders at a cheap share price just to get its debt under control. Of course, many companies use debt to finance their growth without negative

China’s anti-corruption watchdog said it has placed the former president and chief executive of China Merchants Bank Co. under an investigation, just days after he was abruptly removed from the helm of the state-backed lender.The country’s Central Commission for Discipline Inspection said in a brief statement on Friday that Tian Huiyu is “suspected of seriously violating discipline and laws,” without providing details.Mr. Tian, 56 years old, was China Merchants Bank’s president for more than eight years. The Shenzhen-headquartered bank’s board of directors earlier this week voted to remove Mr. Tian from his position at the company “subject to further assignment,” according to a regulatory filing on Monday. It said chief financial officer Wang Liang would instead oversee the business. The b

OCBC on Monday (Apr 25) announced its partnership with a Singapore-based carbon exchange as it aims to roll out new green financing solutions for large corporates looking to simplify their path to carbon neutrality later this year.The partner, Metaverse Green Exchange (MVGX) – previously known as Cyberdyne Tech Exchange – is a digital green exchange regulated by the Monetary Authority of Singapore.In a joint press statement, the companies said the financing solutions are devised as carbon credits have become particularly important for companies in hard-to-abate industries such as shipping, steel and energy. They will involve tokenised carbon credits issued by MVGX.These tokens are supported by the exchange’s distributed ledger technology that can provide companies with a verifiable, immuta

Galaxy’s better-than-expected fourth quarter recovery is impressive, leading to net profit of HKD 1.3 billion in full year 2021, compared to net losses seen at its Macao peers.We believe this reflects the firm’s premium asset quality and best-in-class management, which is allowing Galaxy to attract more premium mass gaming visitors as the VIP segment remains sluggish. The firm also declared a special dividend of HKD 0.30 per share, which is a nice surprise, coming in a year earlier than we expected.Management expects Macao’s recovery to be gradual but choppy in the near term, and as such, the opening of Galaxy Macau phase 3 will probably be delayed by another year to the end of 2022 or early 2023. While we like the long-term outlook for Galaxy, we think the good news is largely reflected i

Meituan Plan to Expand Its E-Commerce BusinessChina’s largest food delivery platform is looking to use its mammoth user base to expand into e-commerce and bolster its existing forays as a bike-share leader and travel intermediary. The moves come even as it remains under the vise of Beijing’s regulatory grip and its revenue slows.While Meituan beat revenue and profit expectations for the fourth quarter of 2021, numbers were down—for the quarter and for the year. Profits took a huge hit, falling from a $737 million gain for all of 2020 to a $3.7 billion loss for 2021. Total revenues were up 56% for the year, but have nevertheless been slowing for 10 months.Meituan also seems to be going headstrong into its new and existing ventures. Late last year, it announced a change in its entire strateg

Heading into today, shares of the company had lost 6.41% over the past month, lagging the Retail-Wholesale sector's loss of 3.96% and the S&P 500's loss of 1.42% in that time.Looking at its valuation,JD.com..., Inc. is holding a Forward P/E ratio of 29.56. Its industry sports an average Forward P/E of 23.89, so we might conclude thatJD.com..., Inc. is trading at a premium comparatively.Get To Know More About TheJD.com...:JD.com..., Inc. provides supply chain-based technologies and services in the People’s Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other

The Chinese tech giant still faces tough near-term challenges. Alibaba's stock price sank to its lowest levels in nearly five years following its fiscal 2022 third-quarter earnings report on Thursday.For the period (which ended Dec. 31), the Chinese tech giant's revenue rose 10% year over year to 242.58 billion yuan ($38.07 billion), which fell short of analysts' estimates by 3.21 billion yuan. That was also its slowest growth rate since its 2014 IPO. Adjusted net income fell by 25% to 44.62 billion yuan ($7.0 billion), or 16.87 yuan ($2.65) per share, which cleared analysts' expectations by 0.82 yuan.It mainly attributed the slowdown to macroeconomic headwinds, intense competition, and tighter government regulations. However, Alibaba's steep share price decline -- which was exacerbated by

Is Bilibili a buy now?Bilibili was once a high-growth darling of the Chinese tech sector. The online gaming, digital media, and e-commerce company initially dazzled investors with its robust growth rates when it went public in March 2018, and its shares surged from its IPO price of $11.50 to an all-time high of $157.66 last February. But today, the stock trades below USD30 a share.China's crackdown on its top tech companies, including Bilibili's big backers Alibaba and Tencent, spooked investors. Delisting fears in the US further made Chinese stocks even less appealing.Bilibili trades at less than three times this year's sales. That's a low price-to-sales ratio for a company that grew its annual revenues at a whopping compound annual growth rate (CAGR) of 67.9% between 2018 and 2021.U

Moody's affirms Sun Hung Kai Properties' A1 ratings; outlook stableMoody's Investors Service has affirmed the A1 ratings on Sun Hung Kai Properties (Capital Market) Ltd.'s backed senior unsecured notes and the provisional (P)A1 backed senior unsecured rating for its multicurrency medium-term note (MTN) program.The rating affirmation mainly reflects the proven resilience of SHKP's core residential and commercial property portfolio across economic cycles, and our expectation that the company will maintain a stable and sizeable recurring income stream and healthy financial leverage at least over the next couple of yearsSHKP is known for solid business and financial profiles, supported by the strong recurring rental income from its portfolio of high-quality investment properties; its high fina