PRE-MARKET CHINESE STOCK NEWS: Tencent (700 HK) Q2 net CNY 18.2bln vs. Exp. CNY 13.5bln, Rev. CNY 56.6bln vs. Exp. CNY 52.9bln

Beijing North Star (588 HK)
- Co. prelim. H1 net CNY 823mln vs. Prev. CNY 550mln Y/Y, Rev. CNY 7.85bln vs. Prev. CNY 4.4bln Y/Y. (Newswires)

Cathay Pacific (293 HK)
- Co. H1  net loss HKD 2.1bln vs. Exp. Loss HKD 1.2bln, Rev. HKD 45.9bln vs. Prev. HKD 45.7bln Y/Y.
- Co. states it doesn’t expect operation environment to improve materially during H2. (Newswires)

China Aouyuan Property (3883 HK)
- Co. H1 net CNY 750mln vs. Prev. CNY 566mln Y/Y, Rev. CNY 8.1bln vs. Prev. CNY 6,5bln Y/Y. (Newswires)

China Hongqiao Group (1378 HK)
- Co. is receive HKD 8bln financial lifeline from Citic Group. (SCMP)

China Unicom (762 HK)
- Co. H1 net CNY 2.42bln vs. Prev. CNY 1.43bln Y/Y, while EBITDA rose 5.5% to CNY 43.6bln. (Newswires)
- Co. confirms investment by several tech firms in which it is to raise a total of CNY 78bln. (Newswires)

Geely Auto (175 HK)
- Co. CEO says planning to continue increasing dividend payout ratio. (Newswires)

Tencent (700 HK)
- Co. Q2 net CNY 18.2bln vs. Exp. CNY 13.5bln, Rev. CNY 56.6bln vs. Exp. CNY 52.9bln. (Newswires)

WH Group (288 HK)
- Co. is to be included in Hang Seng Index effective September 4th. (Newswires)

Steel related
- China’s Hebei which is the nation’s top steel producing province, is to meet capacity reduction target by end-September. (Newswires)  

Other news
- China will widen market access for foreign capital to enter sectors including new-energy vehicle manufacturing, ship design, aircraft maintenance and railway passenger transportation, according to the State Council. (CEN)
 

17 Aug 2017 - 01:54- Research Sheet- Source: Newswires

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