Here’s a quick look at the most active and talked-about financial news items from the last two hours:
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CK Hutchison Holdings (CKH HOLDINGS): Reported a 10.6% decrease in 2024 underlying profit on a pre-IFRS 16 basis, totaling HKD20.77 billion. The final dividend per share is HKD1.514.
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China Mobile: Announced a 5% year-over-year increase in net profit for 2024, reaching RMB138.373 billion, aligning with expectations. The final dividend per share is HKD2.49.
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Tencent: Experienced a net outflow of HKD3.3 billion in Southbound Trading.
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CK Asset (CK ASSET): Saw a 21.2% year-over-year decline in net profit for 2024, which reached HKD13.657 billion. The final dividend per share was reduced to HKD1.35.
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Henderson Land: Reported a slight 0.7% year-over-year increase in underlying profit for 2024, reaching HKD9.774 billion. The final dividend per share remained at HKD1.3.
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Hong Kong Stock Market: The Hang Seng Index (HSI) fell by 293 points at midday, causing a downturn of Chinese insurers. BYD broke its peak continuously.
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MGM China: Reported a significant 74.5% surge in net profit for 2024, reaching $4.603 billion. They declared a final dividend of $0.251 per share.
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Chinese Medicine Industry: The CN State Council has called for accelerating the transformation and upgrading of the Chinese medicine industry and improving price regulation for Chinese medicinal materials.
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Hong Kong’s Financial Standing: Hong Kong maintains its 3rd place globally in the Global Financial Centres Index (GFCI).
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ICBC: Research reports provided ratings and target prices for ICBC, a table showing the performance.
