Shanghai Hang Seng Update

All Sectors go for Chinese Indexes, buoyed by oil prices.

SH HK UP

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:

China Mobile Ratings

Autos:

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.

 

 

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