Hongkong like the China market

Like
Comment
Favorite

Agustins
2022-08-17

Hongkong like the China market is done and broke [Grin] [Grin] [Grin]

Hong Kong Stock Exchange Stares At 5th Straight Decline In Quarterly Profit: Could Alibaba's Primary Listing Be A Boon?

Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg.

Hong Kong Stock Exchange Stares At 5th Straight Decline In Quarterly Profit: Could Alibaba's Primary Listing Be A Boon?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9993497964,"tweetId":"9993497964","gmtCreate":1660710881660,"gmtModify":1676536384957,"author":{"id":3577317477186276,"idStr":"3577317477186276","authorId":3577317477186276,"authorIdStr":"3577317477186276","name":"Agustins","avatar":"https://static.tigerbbs.com/635e74bfea05a9ca01d2dcfbd6fc9cc5","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Hongkong like the China market is done and broke&nbsp;<span>[Grin]&nbsp;</span><span>[Grin]&nbsp;</span><span>[Grin]&nbsp;</span></p></body></html>","htmlText":"<html><head></head><body><p>Hongkong like the China market is done and broke&nbsp;<span>[Grin]&nbsp;</span><span>[Grin]&nbsp;</span><span>[Grin]&nbsp;</span></p></body></html>","text":"Hongkong like the China market is done and broke [Grin] [Grin] [Grin]","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9993497964","repostId":2260895733,"repostType":2,"repost":{"id":"2260895733","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1660709078,"share":"https://ttm.financial/m/news/2260895733?lang=en_US&edition=fundamental","pubTime":"2022-08-17 12:04","market":"us","language":"en","title":"Hong Kong Stock Exchange Stares At 5th Straight Decline In Quarterly Profit: Could Alibaba's Primary Listing Be A Boon?","url":"https://stock-news.laohu8.com/highlight/detail?id=2260895733","media":"Benzinga","summary":"Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg.","content":"<html><body><p>Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg.</p>\n<p>The <strong>Hong Kong Exchanges &amp; Clearing Ltd</strong>. <strong>(HKEX)</strong> is expected to report a 9% decline in net profit to HK$2.52 billion ($322 million) in the second quarter, as per a survey of six analysts compiled by Bloomberg. Revenue is expected to fall 2% from a year earlier to HK$4.46 billion, it said.</p>\n<p><em>Also Read: Alibaba Gains, EV Stocks Lose Shine: Hong Kong Traders Keenly Await Tencent Earnings</em></p>\n<p><strong>What Happened</strong>: HKEX has taken a hit due to declining markets and continuing tight COVID-19-related restrictions in the city at a time when more mainland Chinese firms are looking to list in rival hubs Shanghai and Shenzhen, the report said.</p>\n<p><strong>Goldman Sachs’ Projections</strong>: Goldman Sachs has projected the bourse’s average daily turnover will bottom out at HK$111 billion in the third quarter, then rise about 20% in the next year, the report said.</p>\n<p><strong>Benzinga’s Take: </strong>HKEX is now targeting a reboot as concerns over auditing rules is likely to bring a flurry of mainland Chinese firms to list or become more anchored in the Chinese territory, according to the report. This is crucial given that <strong>Alibaba Group Holdings Ltd. </strong>(NYSE:BABA) had announced earlier it would seek to add another primary listing in Hong Kong. <strong>China Life Insurance Co. </strong>(NYSE:LFC), and <strong>PetroChina Co.</strong> (NYSE:PTR) stated this month they would delist in New York.</p>\n<p>If such U.S.-listed Chinese firms shift, it could be a boon to the city’s exchange, where IPOs are down over 90% and trading volumes fell 26% in the first half, according to data mentioned in the report.</p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stock Exchange Stares At 5th Straight Decline In Quarterly Profit: Could Alibaba's Primary Listing Be A Boon?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stock Exchange Stares At 5th Straight Decline In Quarterly Profit: Could Alibaba's Primary Listing Be A Boon?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-08-17 12:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg.</p>\n<p>The <strong>Hong Kong Exchanges &amp; Clearing Ltd</strong>. <strong>(HKEX)</strong> is expected to report a 9% decline in net profit to HK$2.52 billion ($322 million) in the second quarter, as per a survey of six analysts compiled by Bloomberg. Revenue is expected to fall 2% from a year earlier to HK$4.46 billion, it said.</p>\n<p><em>Also Read: Alibaba Gains, EV Stocks Lose Shine: Hong Kong Traders Keenly Await Tencent Earnings</em></p>\n<p><strong>What Happened</strong>: HKEX has taken a hit due to declining markets and continuing tight COVID-19-related restrictions in the city at a time when more mainland Chinese firms are looking to list in rival hubs Shanghai and Shenzhen, the report said.</p>\n<p><strong>Goldman Sachs’ Projections</strong>: Goldman Sachs has projected the bourse’s average daily turnover will bottom out at HK$111 billion in the third quarter, then rise about 20% in the next year, the report said.</p>\n<p><strong>Benzinga’s Take: </strong>HKEX is now targeting a reboot as concerns over auditing rules is likely to bring a flurry of mainland Chinese firms to list or become more anchored in the Chinese territory, according to the report. This is crucial given that <strong>Alibaba Group Holdings Ltd. </strong>(NYSE:BABA) had announced earlier it would seek to add another primary listing in Hong Kong. <strong>China Life Insurance Co. </strong>(NYSE:LFC), and <strong>PetroChina Co.</strong> (NYSE:PTR) stated this month they would delist in New York.</p>\n<p>If such U.S.-listed Chinese firms shift, it could be a boon to the city’s exchange, where IPOs are down over 90% and trading volumes fell 26% in the first half, according to data mentioned in the report.</p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK1584":"蚂蚁金服概念","BABA":"阿里巴巴","BK4527":"明星科技股","BK4531":"中概回港概念","BK4526":"热门中概股","QNETCN":"纳斯达克中美互联网老虎指数","GS":"高盛","BK4534":"瑞士信贷持仓","BK4162":"人寿与健康保险","BK1591":"就地过年概念","BK4127":"投资银行业与经纪业","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","09988":"阿里巴巴-W","BK4122":"互联网与直销零售","BK4502":"阿里概念","BK4575":"芯片概念","BK4558":"双十一","BK1521":"挪威政府全球养老基金持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK1586":"云计算","BK1502":"双十一","BK4535":"淡马锡持仓","BK4504":"桥水持仓","BK4538":"云计算","BK1501":"阿里概念股","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓","BK4552":"Archegos爆仓风波概念","BK1142":"互联网与直销零售","BK4565":"NFT概念","BK4201":"综合性石油与天然气企业","BK1588":"回港中概股","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK1517":"云办公","BK1608":"元宇宙概念","BK1575":"同股不同权"},"source_url":"https://www.benzinga.com/markets/asia/22/08/28528530/the-hong-kong-stock-exchange-may-be-staring-at-a-fifth-straight-decline-in-quarterly-profit-why-alib","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260895733","content_text":"Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg.\nThe Hong Kong Exchanges & Clearing Ltd. (HKEX) is expected to report a 9% decline in net profit to HK$2.52 billion ($322 million) in the second quarter, as per a survey of six analysts compiled by Bloomberg. Revenue is expected to fall 2% from a year earlier to HK$4.46 billion, it said.\nAlso Read: Alibaba Gains, EV Stocks Lose Shine: Hong Kong Traders Keenly Await Tencent Earnings\nWhat Happened: HKEX has taken a hit due to declining markets and continuing tight COVID-19-related restrictions in the city at a time when more mainland Chinese firms are looking to list in rival hubs Shanghai and Shenzhen, the report said.\nGoldman Sachs’ Projections: Goldman Sachs has projected the bourse’s average daily turnover will bottom out at HK$111 billion in the third quarter, then rise about 20% in the next year, the report said.\nBenzinga’s Take: HKEX is now targeting a reboot as concerns over auditing rules is likely to bring a flurry of mainland Chinese firms to list or become more anchored in the Chinese territory, according to the report. This is crucial given that Alibaba Group Holdings Ltd. (NYSE:BABA) had announced earlier it would seek to add another primary listing in Hong Kong. China Life Insurance Co. (NYSE:LFC), and PetroChina Co. (NYSE:PTR) stated this month they would delist in New York.\nIf such U.S.-listed Chinese firms shift, it could be a boon to the city’s exchange, where IPOs are down over 90% and trading volumes fell 26% in the first half, according to data mentioned in the report.","news_type":1,"symbols_score_info":{"QNETCN":0.6,"PTR":0.9,"09988":0.6,"LFC":0.9,"GS":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2148,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":58,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}