The financial world has been abuzz with activity in the last two hours, with several major stories capturing investor attention.
CKH Holdings led the headlines as its stock sank by 5%. Contributing to investor concern, an article questioning CKH’s decision regarding a port sale was reposted on the HKMAO (Hong Kong and Macao Affairs Office) website, indicating potential government interest in the matter.
AIA’s performance was another key point of discussion, with the company’s shares opening 2% lower despite a reported 17% rise in 2024 VONB (Value of New Business), in line with expectations. Goldman Sachs provided research covering AIA’s VONB and their new share buyback plan. A US$1.6 billion share buyback plan was recently launched.
Also making waves was Tencent, which reportedly purchased billions of RMB worth of Nvidia H20 chips. This move signals Tencent’s continued investment in advanced technology to support their various businesses.
In other news, Xiaomi-W’s Lei Jun gifted the Xiaomi 15 Ultra to NEW ORIENTAL-S’s Yu Minhong.
Regulatory details for Indexed Universal Life Insurance were also released, providing updates to the insurance industry and it’s investors.
Other notable stories include BABA-W’s Amap launching a new feature in Hong Kong, aimed at cutting the average wait time for rides by 30%+, as well as further analysis from Kaiyuan Securities, recommending Tech, Consumer and High Dividend stocks in the Hong Kong market, further stating that the AH Premium Rate is not currently a constraint for HK stocks.
Finally, a 22-year-old female mastermind was sentenced to 48 months’ imprisonment for impersonating PayMe staff and defrauding 138 people.
