All Sectors go for Chinese Indexes, buoyed by oil prices.
Telecom: Telecoms reversed losses with China Mobile, 941 hk, leading the way up 3.6%. (HSI component). China Unicom, 762 hk, trailed up 1.06% (also on Hang Seng), while China Telecom, 728 hk, rose .74% (component of HSCEI). China Mobile’s results were announced after yesterday’s bell, with net revenue of .5% Per AA Stocks, newest ratings were mostly positive:
BAIC , 1958 hk, suspended on 1st quarter results. Finally released annual earnings report along with 1st quarter report. BAIC, which has become increasingly reliant on sales of Mercedes Benz vehicles, saw a quarterly sales revenue increase of 30% but a decline in net profit of 25%.(HK Filing). More on this later today.