PRE-MARKET CHINESE STOCK NEWS: Ping An Insurance (2318 HK) H1 net CNY 43.4bln vs. Prev. CNY 40.8bln Y/Y

Aluminium Corp of China (2600 HK)
- Co. H1 profit rose around 1100% to CNY 751.3mln. (SCMP)

Cathay Pacific Airways (293 HK)
- Co. July load factor fell 0.2ppts Y/Y to 86.8%, Revenue Passenger Kilometres rose 1.9%. (Newswires)

China Gas Holdings (384 HK)
- Co. agrees strategic cooperation framework with Hebei Natural Gas. (Newswires)

China Shipbuilding Industry Company (601989 CH)
- Co. is expected to announce 8 new investors for 2 of its subsidiaries through investment agreement valued at CNY 21.9bln. (Newswires)

China Unicom (762 HK)
- Co. raised USD 11.6bln in cash to lower debt and financing costs, while it will also help fund major infrastructure projects. (SCMP)

Genting Hong Kong (678 HK)
- Co. H1 net loss HKD 202.1mln vs. Prev. loss HKD 53.6mln Y/Y, Rev. HKD 532.5mln vs. Prev. HKD 435.8mln Y/Y. (Newswires)

HKEX (388 HK)
- Co. will include an additional 10 private enterprises to the Hang Seng China Enterprises Index to raise its appeal to mainland investors, as it would double its coverage to half of capitalisation of all Chinese firms traded in Hong Kong. (SCMP)

Lenovo (992 HK)
- Co. Q1 net loss USD 72mln vs. Exp. Profit USD 33mln, Rev. USD 10.0bln vs. Exp. USD 9.9bln. (Newswires)

MMG (1208 HK)
- Co. confirmed Peru government reopened the road that serves the Las Bambas copper mine. (Newswires)

Ping An Insurance (2318 HK)
- Co. H1 net CNY 43.4bln vs. Prev. CNY 40.8bln Y/Y, total income CNY 503.1bln vs. Prev. CNY 407.8bln Y/Y. (Newswires)

Wynn Macau (1128 HK)
- Co. H1 net HKD 1.59bln vs. Prev. HKD 1.14bln Y/Y, Rev. HKD 16.8bln vs. Prev. HKD 9.7bln Y/Y. (Newswires)

E-commerce
- Alibaba (BABA) Q2 net rose 96% Y/Y to CNY 14.1bln, while total revenue rose 56% to CNY 50.2bln. (Tech Crunch)

Other News
- China State Council released a guideline for lowering costs and improving efficiency of the logistics sector. (CEN)

Data Recap
- Hong Kong Unemployment Rate (Jul) 3.1% vs. Exp. 3.2% (Prev. 3.1%). (Newswires)

18 Aug 2017 - 01:42- Research Sheet- Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: