Good morning moomooers! Here are things you need to know about today's Hong Kong:
Hong Kong stocks opened with gains Wednesday morning
China Telecom's A-Share IPO application accepted by CSRC
Sinopharm announced 1Q Net Profit of RMB1.216B, up 49.8
-Moomoo News HK
Market Trend
Hong Kong stocks opened with gains Wednesday morning with investors keeping a cautious eye on US Treasury yields, which are rising again on fears inflation will surge and lead to possible interest rate hikes.
$Hang Seng Index(800000.HK)$ added 0.21 per cent or 60.45 points to 29,001.99 at 9:50 am.
The benchmark $SSE Composite Index(000001.SH)$ dipped 0.42 per cent or 14.51 points to 3,428.11, while the $SZSE COMPOSITE INDEX(399106.SZ)$ eased 0.26 per cent or 5.98 points to 2,275.95.
Top News
China Telecom's A-Share IPO application accepted by CSRC
$China Telecom Corporation(00728.HK)$ announced that the Company has submitted the application materials in respect of the A Share Offering, including the Initial Public Offering of A Shares Prospectus, to China Securities Regulatory Commission, and has recently received a letter of acceptance issued by the CSRC.
Sinopharm announced 1Q Net Profit of RMB1.216B, up 49.8%
$Sinopharm Group(01099.HK)$ announced the first-quarter result ended March 2021. The net profit amounted to RMB1.216 billion, up 49.8% yearly. EPSwas RMB0.39.
Ratings
JPM trims $China Gas(00384.HK)$ TP to $36.7; Rated Overweight
Daiwa upgrades $Shangri-La(00069.HK)$ to Buy with $9 TP
UBS lifts $Country Garden Services Holdings(06098.HK)$ TP to $95.9; Rated Buy
UBS adds $COSCO SHIPPING Ports(01199.HK)$ TP to $7.38; Rated Buy
Source: Business Times, AAstock