Newsfeeds Archive - Page 2 of 6

2 minute read

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CATL Closes In On LG As World’s #1 EV Battery Supplier; BYD Triples Global Market Share

October 19, 1:46 PM

Chinese EV battery maker Contemporary Amperex Technology Co. Ltd., or CATL for short, is playing an increasingly significant role in the development of energy-efficient vehicles around the world, according to Caixin, the Chinese-language business daily.

BYDDY

4 minute read

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Hong Kong Stocks Tumble Over Ugly Chinese Housing Data; EV Makers Plunge After Tesla’s Earnings Disappointment

By Daniel Harrison

October 19, 1:36 PM

Shares in Hong Kong and China dropped Thursday on a slew of bad economic data from the housing and financial sector. The Hang Seng Index fell 2.5% to 17,295.89 points and China’s CSI 300 index ended the day 2.1% lower at 3,533.54 points.

BABA

2 minute read

3 Hong Kong Corporate Debt Announcements You May Have Missed Thursday – And What Traders Say

By Daniel Harrison

October 19, 11:20 AM

Thursday saw a wave of announcements by companies on the Hong Kong Stock Exchange as in particular property developers and banks react to the Country Garden Holdings Limited (OTC: CTRYF) default on a $15 million interest payment Wednesday.

BACHF

2 minute read

Penny Stocks

Chinese Online Retailers Are Eyeing Up “Single’s Day” To Lift Sales

By Daniel Harrison

October 19, 9:28 AM

China’s online retailers are getting primed for one of the biggest retail sales days of the year next month on November 11, according to Chinese language media reports.

BABA

2 minute read

Uncategorized

Chinese Dirty Money Probe Extends To UBS As Credit Suisse Goes Under The Spotlight Of Singapore Regulators

By Daniel Harrison

October 18, 2:51 PM

Credit Suisse AG has become the target of another money-laundering probe, this time by the Singapore authorities, just months after being taken over by rival UBS Group AG (NYSE: UBS) and following a similar DOJ investigation, according to a Bloomberg

UBS

4 minute read

Uncategorized

Are Analysts Getting Too Bearish On These 3 Chinese Consumer Stocks?

By Daniel Harrison

October 18, 10:55 AM

While China’s property sector faces a tight credit crunch, consumer stocks might be oversold after new data shows that the mainland economy is bouncing back better-than-expected, say some investors.

BABA

3 minute read

Penny Stocks

China’s Largest Property Developer Misses Its First Bond Payment, While Another Heads To Court With Creditors Next Week

By Daniel Harrison

October 18, 10:14 AM

Two of China’s largest property developers, Country Garden Holdings Limited (OTC: CTRYF) (OTC: CTRYY) and China Evergrande Group (OTC: EVGRF) are f

CTRYF

2 minute read

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BYD Leaps On Record Sales That Value The Chinese EV Maker At 66% Discount To Tesla

By Daniel Harrison

October 18, 9:17 AM

BYD Company Limited (OTC: BYDDF) (OTC: BYDDY) shares leaped 7%, their most in two months, Wednesday morning in Hong Kong after saying it would report record quarterly earnings this month.

AAPL

4 minute read

Hidden Chinese Property Debt Is Spooking Bond Holders And Sparked A Bank Run

By Daniel Harrison

October 16, 1:00 PM

A tear-down of an insurance giant’s real estate liabilities mirrors other troubling reports across China’s banking sector right now showing the extent of hidden debt entanglement among financial firms.

AIG

3 minute read

Uncategorized

Monday’s Top 3 Short Trades In Hong Kong – And What Traders Say About The Squeeze

By Daniel Harrison

October 16, 11:18 AM

Total short-selling activity in Hong Kong Monday stood at HK$14.3 billion ($1.8 billion), or 22.9% of all shares traded. Short-selling can cause a rout in stocks but it can also make for sharp upswings when speculators are forced to cover their short positions by buying the stock back in the event of a sudden (a “short-squeeze”).

AIAGY