Hk business – SMS 461 http://sms461.com/ Sun, 05 Dec 2021 00:39:08 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sms461.com/wp-content/uploads/2021/08/sms-150x150.png Hk business – SMS 461 http://sms461.com/ 32 32 Don’t buy Golden Resources Development International Limited (HKG: 677) for its next dividend without doing these checks https://sms461.com/2021/12/05/dont-buy-golden-resources-development-international-limited-hkg-677-for-its-next-dividend-without-doing-these-checks/ Sun, 05 Dec 2021 00:39:08 +0000 https://sms461.com/2021/12/05/dont-buy-golden-resources-development-international-limited-hkg-677-for-its-next-dividend-without-doing-these-checks/ Some investors rely on dividends to grow their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Golden Resources Development International Limited (HKG: 677) is set to be ex-dividend in just 3 days. The ex-dividend date is generally set at one working day before the registration date which […]]]>

Some investors rely on dividends to grow their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Golden Resources Development International Limited (HKG: 677) is set to be ex-dividend in just 3 days. The ex-dividend date is generally set at one working day before the registration date which is the deadline by which you must be present in the books of the company as a shareholder to receive the dividend. The ex-dividend date is important because every time a stock is bought or sold, the transaction takes at least two business days to settle. In other words, investors can buy the shares of Golden Resources Development International before December 9 in order to be eligible for the dividend, which will be paid on January 10.

The company’s next dividend is HK $ 0.012 per share, following the last 12 months when the company has distributed a total of HK $ 0.024 per share to shareholders. Looking at the last 12 months of distributions, Golden Resources Development International has a rolling return of around 4.6% on its current price of HK $ 0.52. Dividends are an important source of income for many shareholders, but the health of the business is crucial to sustaining these dividends. So we need to determine whether Golden Resources Development International can afford its dividend, and whether the dividend could increase.

See our latest review for Golden Resources Development International

Dividends are usually paid out of business income, so if a business pays more than it earned, its dividend is usually at risk of being reduced. Golden Resources Development International paid a dividend last year when it was unprofitable. This may be a one-time event, but it is not a long-term sustainable situation. Since the company reported a loss last year, we now need to see if it generated enough free cash flow to fund the dividend. If Golden Resources Development International did not generate enough cash to pay the dividend, then it must have paid either in cash in the bank or by borrowing money, which is not sustainable in the long term. The good news is that she only paid 15% of her free cash flow last year.

Click here to see how much of its profits Golden Resources Development International has paid in the past 12 months.

SEHK: 677 Historic dividend December 5, 2021

Have profits and dividends increased?

When profits fall, dividend companies become much more difficult to analyze and safely own. Investors love dividends, so if profits fall and the dividend is reduced, expect a stock to be sold massively at the same time. Golden Resources Development International reported a loss last year, and the general trend suggests that its profits have also declined in recent years, which makes us wonder if the dividend is in jeopardy.

Most investors will primarily assess a company’s dividend prospects by checking the historical rate of dividend growth. Golden Resources Development International’s dividend payments are broadly unchanged from 10 years ago. When profits go down but dividends are stable, the company usually pays a higher portion of its profits or pays cash or debt on the balance sheet, which is not ideal.

We update our analysis on Golden Resources Development International every 24 hours, so you can always get the latest information on its financial health, here.

Last takeaways

Is Golden Resources Development International an attractive dividend-paying stock, or better yet, is it being left out? First, it’s not great to see the company pay a dividend despite having suffered losses in the past year. On the positive side, the dividend was covered by free cash flow. It’s not the most attractive proposition from a dividend standpoint, and we would probably drop this one for now.

So, if you are still interested in Golden Resources Development International despite its low dividend qualities, you should be well informed about some of the risks that this security faces. Note that Golden Resources Development International shows 2 warning signs in our investment analysis, and 1 of them is potentially serious …

However, we don’t recommend simply buying the first dividend stock you see. Here is a list of interesting dividend paying stocks with a yield above 2% and a dividend coming soon.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in any of the stocks mentioned.


Source link

]]>
Intimidated by Chinese regulators, Didi considers New York delisting and Hong Kong debut https://sms461.com/2021/12/03/intimidated-by-chinese-regulators-didi-considers-new-york-delisting-and-hong-kong-debut/ Fri, 03 Dec 2021 09:50:00 +0000 https://sms461.com/2021/12/03/intimidated-by-chinese-regulators-didi-considers-new-york-delisting-and-hong-kong-debut/ HONG KONG, Dec.3 (Reuters) – Just five months after its debut, ridesharing giant Didi Global (DIDI.N) has announced plans to withdraw from the New York Stock Exchange and continue listing in Hong Kong – an astonishing about-face as it bowed to Chinese regulators angered by its initial public offering in the United States. Its shares […]]]>

HONG KONG, Dec.3 (Reuters) – Just five months after its debut, ridesharing giant Didi Global (DIDI.N) has announced plans to withdraw from the New York Stock Exchange and continue listing in Hong Kong – an astonishing about-face as it bowed to Chinese regulators angered by its initial public offering in the United States.

Its shares soared 15% in pre-market trading, with investors betting the move would appease Beijing and serve as a catalyst for a revival of its business prospects in the country.

Didi launched a US $ 4.4 billion initial public offering despite being asked to put it on hold while a review of the company’s data practices was conducted.

Register now for FREE and unlimited access to reuters.com

The powerful Cyberspace Administration of China (CAC) then quickly ordered app stores to remove 25 of Didi’s mobile apps and demanded the company stop registering new users, citing national security and interest. public. Didi is still under investigation.

“After careful research, the company will immediately begin delisting from the New York Stock Exchange and begin preparations for listing in Hong Kong,” Didi said on his Twitter-like Weibo account on Friday.

Didi did not explain the reasons for his plan, but said in a separate statement he would hold a shareholder vote at an appropriate time and ensure that his New York-listed shares are convertible into “freely tradable shares.” on another internationally recognized stock exchange.

Sources told Reuters that Chinese regulators pressured Didi’s top executives to come up with a plan to delist from the New York Stock Exchange over concerns over data security.

The reversal of Didi’s listing in New York – likely to be a difficult and messy process – illustrates both the enormous influence Chinese regulators have and their bold approach to exerting it. Billionaire Jack Ma has also clashed with Chinese authorities after he blew up the country’s regulatory system, leading to the spectacular failure of a mega-IPO for Ant Group last year.

The move is likely to further discourage Chinese companies from listing in the United States and may prompt some of them to reconsider their status as publicly traded U.S. companies.

“Chinese ADRs face increasing regulatory challenges from US and Chinese authorities. For most businesses, it will be like walking on eggshells trying to please both parties. The delisting will only make things easier, ”said Wang Qi, CEO of fund manager MegaTrust Investment (HK).

Didi plans to complete a listing in Hong Kong soon and does not plan to be private, sources familiar with the matter told Reuters.

He aims to complete a dual primary enrollment in Hong Kong within the next three months, and under pressure from Beijing, delisting New York by June 2022, one of the sources said.

A sign for the Chinese rideshare service Didi can be seen at its headquarters in Beijing, China on July 5, 2021. REUTERS / Tingshu Wang

The sources were not authorized to speak to the media and refused to be identified. Didi did not immediately respond to requests for comment from Reuters, and ACC has yet to comment on his announcement.

Reuters Charts Reuters Charts

HONG KONG HEDGES

Signing up in Hong Kong could prove to be complicated, however, especially within a tight three-month deadline given Didi’s history of compliance issues and the scrutiny he has faced on unlicensed vehicles and vehicles. part-time drivers.

Only 20 to 30 percent of Didi’s core business in China is fully compliant with regulations requiring three permits for the provision of transportation services, vehicle registration and driving licenses, sources previously said.

Didi said in his IPO prospectus that he had secured carpool permits for cities that collectively made up the majority of his total trips. He did not answer further questions about the permits.

Those issues had been the main obstacle to the company’s Hong Kong IPO earlier and it remains to be seen whether the exchange will approve it now, sources familiar with the matter said on Friday.

“I don’t think Didi qualifies to be on the list before she… has effective protocols in place to manage and secure driver liability and benefits,” said Nan Li, associate professor of finance at the Shanghai Jiao Tong University.

The Hong Kong Stock Exchange (0388.HK) does not comment on individual companies, a spokesperson said. Stock market shares, however, jumped 4% on the prospect of a Didi listing.

Sources also told Reuters that Didi was preparing to relaunch its applications in China by the end of the year in anticipation that Beijing’s cybersecurity investigation into the company would be completed by then.

Didi made 25 million trips per day in China, according to first quarter data. It debuted in New York City on June 30 at $ 14 per US custodian share, but those shares have since slipped 44% through Thursday’s close, valuing it at $ 37.6 billion.

SoftBank’s Vision Fund owns 21.5% of Didi, followed by Uber Technologies Inc (UBER.N) with 12.8%, according to a June filing from Didi.

Register now for FREE and unlimited access to reuters.com

Reporting by Julie Zhu, Kane Wu, Cheng Leng and Zoey Zhang; Additional reports by Brenda Goh, Josh Horwitz, Alun John and Sayantani Ghosh; Editing by Sumeet Chatterjee and Edwina Gibbs

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
Suncity closes VIP arcades in Macau after CEO arrest – sources https://sms461.com/2021/12/01/suncity-closes-vip-arcades-in-macau-after-ceo-arrest-sources/ Wed, 01 Dec 2021 16:04:00 +0000 https://sms461.com/2021/12/01/suncity-closes-vip-arcades-in-macau-after-ceo-arrest-sources/ HONG KONG, Dec. 1 (Reuters) – Distressed gambling group Suncity Group Holdings (1383.HK) has closed all of its VIP gambling halls in Macau, the world’s largest gambling hub, after the arrest of the company’s CEO, two sources with direct knowledge of the situation told Reuters. The closure of the company’s VIP rooms will lead to […]]]>

HONG KONG, Dec. 1 (Reuters) – Distressed gambling group Suncity Group Holdings (1383.HK) has closed all of its VIP gambling halls in Macau, the world’s largest gambling hub, after the arrest of the company’s CEO, two sources with direct knowledge of the situation told Reuters.

The closure of the company’s VIP rooms will lead to a reduction of about a third of its workforce in Macau, said one of the sources, a senior casino official who declined to be identified because the closure was not publicly announced.

Suncity Group did not respond to a request for comment. Her shares were suspended from trading on Wednesday, the second time in three days, pending what she said was the release of an announcement related to her VIP business.

Register now for FREE and unlimited access to reuters.com

On Wednesday evening, Suncity Group said in a statement that CEO Alvin Chau had resigned from all of his positions at the company. The statement also said the company asked the Hong Kong Stock Exchange to resume operations on Thursday.

The news comes amid a wide-ranging investigation into Chau, who was arrested on Sunday for alleged links to cross-border gambling and money laundering. Chau is also the founder of Macau’s largest junket operator, which brings in big players to play in casinos. Read more

Reuters’ efforts to contact Chau or his lawyer were unsuccessful. Suncity Group shares plunged 48% on Tuesday to a record low, valuing it at 880 million Hong Kong dollars ($ 113 million).

Marking a turning point for the industry, authorities are taking a zero-tolerance approach to promoting gambling in mainland China where it is illegal and seeking to curb the flow of Chinese gambling-related funds to Macau and other gambling centers – exits that China viewed last year as a national security risk.

The closure of Suncity’s gambling halls only exacerbated the pain for shares of Macau listed casinos which fell this week due to the expected loss of activity in Chau’s junket business, which is expected to fall. account for about a quarter of Macau’s gaming revenue.

Shares of Wynn Macau Ltd (1128.HK), which analysts say is Suncity’s most dependent casino operator for gambling halls, were particularly hard hit, slipping 8% on Wednesday to carry losses in this week at 18%.

Declines at US parent company Wynn Resorts Ltd (WYNN.O) were more subdued, as its shares were down 5% from Monday and Tuesday.

A logo of Macau’s junket operator Suncity Group is seen at a gaming fair in Macau, China on November 18, 2015. REUTERS / Bobby Yip / File Photo

Outside Macau, Bloomberry Resorts Corp (BLOOM.PS), a popular casino destination for Chinese gamblers in the Philippines, fell 10% on Wednesday.

Authorities in Macau have accused Chau and 10 others of using the former Portuguese colony as the base for an illegal “live online betting platform” in the Philippines that has attracted players from mainland China.

An arrest warrant for Chau was also issued Friday by the city of Wenzhou in mainland China, accusing him of forming a network of junket agents who help citizens engage in gambling activities and create a company that helps players make cross-border money transfers.

“The writing was already on the wall. But nothing was done in Macau until the Wenzhou police spoke about it,” the executive said.

Although Chau’s junket operations, also known as Suncity, are not part of the Suncity listed group, they have already been singled out by mainland Chinese state media, which said they were harming the social order of China. China.

A 2019 article from the Economic Information Daily, a unit of China’s state-owned Xinhua News Agency, alleged that the annual amount of online betting on websites operated by Suncity was over $ 1,000 billion. yuan ($ 155 billion). Suncity also did not respond to a request for comment on this estimate.

One of the sources told Reuters that Suncity operates VIP rooms at properties owned by six licensed Macau casino operators – Wynn Macau, Sands China (1928.HK), MGM China (2282.HK), SJM Holdings ( 0880.HK), Melco Resorts and Galaxy Entertainment (0027.HK).

In 2019, Suncity operated up to 17 VIP arcades in Macau and accounted for almost half of the gaming hub’s VIP market, the executive added.

Melco Resorts said in an email to Reuters that Suncity has ceased operations at its City of Dreams and Studio City resorts.

Wynn said in a statement that the Suncity junket rooms at Wynn Macau and Wynn Palace had suspended operations at midnight on December 1.

The other four casino operators did not respond to requests for comment.

Register now for FREE and unlimited access to reuters.com

Reporting by Farah Master and Eduardo Baptista; Additional reporting by Donny Kwok, Anne Marie Roantree and Twinnie Siu; Editing by Edwina Gibbs and David Evans

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
China c.bank gives green light to Ant-backed credit rating firm and state-owned enterprises https://sms461.com/2021/11/26/china-c-bank-gives-green-light-to-ant-backed-credit-rating-firm-and-state-owned-enterprises/ Fri, 26 Nov 2021 15:38:00 +0000 https://sms461.com/2021/11/26/china-c-bank-gives-green-light-to-ant-backed-credit-rating-firm-and-state-owned-enterprises/ A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China on July 8, 2021. REUTERS / Yilei Sun Register now for FREE and unlimited access to reuters.com Register now BEIJING, Nov.26 (Reuters) – China’s central bank on Friday announced that it had accepted the request for a […]]]>

A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China on July 8, 2021. REUTERS / Yilei Sun

Register now for FREE and unlimited access to reuters.com

BEIJING, Nov.26 (Reuters) – China’s central bank on Friday announced that it had accepted the request for a personal credit rating joint venture backed by Ant Group, Alibaba’s fintech subsidiary (9988.HK) and others companies.

Qiantang Credit Rating Co Ltd will become the third largest personal credit rating company in China if officially approved by regulators.

It will be registered in Hangzhou, Zhejiang province, with a capital of 1 billion yuan ($ 156.50 million), the central bank said. The city is where Alibaba and Ant are based.

Register now for FREE and unlimited access to reuters.com

Ant and the state-backed Zhejiang Tourism Investment Group Co Ltd [RIC:RIC:ZJGVTT.UL] will each own 35% of the company, according to a statement from the People’s Bank of China (PBOC).

Other state-backed partners, including Hangzhou Finance and Investment Group and Zhejiang Electronic Port, will each hold 6.5%.

Transfar Group, a non-state-backed shareholder, will own 7%, while the remaining 10% will be held by Hangzhou Xishu.

Hangzhou Xishu is an entity that manages employee share ownership plans, said a source familiar with the matter.

The establishment of the company is part of the overall overhaul of Ant’s business ordered by regulators that abruptly ended its successful initial public offering (IPO) last November.

The government has pushed state-backed companies to exert more influence over businesses in the fast-growing but poorly regulated new economy, Reuters reported. Read more

It is also the central bank’s one-year attempt to link loan data between different online lending platforms and strengthen controls over credit information sharing to avoid excessive borrowing and fraud.

Prior to Qiantang, the central bank approved Baihang Credit in 2018, China’s first licensed personal credit agency with nine co-vested parties, including the credit rating units of Ant and Tencent Holdings (0700.HK).

It granted a second such approval to create Pudao Credit Rating in December 2020, a venture between the investment arm of the Beijing government and subsidiaries of e-commerce giant JD.com (9618.HK) and maker of Xiaomi Corp smartphones (1810.HK). ).

($ 1 = 6.3901 Chinese yuan)

Register now for FREE and unlimited access to reuters.com

Reporting by Cheng Leng, Zhang Yan, Ryan Woo and Julie Zhu; Editing by Edmund Blair and Louise Heavens

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
Kaisa Debt Swap Offer; Chengdu City Assistance: Evergrande Update https://sms461.com/2021/11/25/kaisa-debt-swap-offer-chengdu-city-assistance-evergrande-update/ Thu, 25 Nov 2021 02:08:45 +0000 https://sms461.com/2021/11/25/kaisa-debt-swap-offer-chengdu-city-assistance-evergrande-update/ (Bloomberg) – Kaisa Group Holdings Ltd. has offered to swap at least $ 380 million worth of bonds for new notes maturing in 2023 in a bid to avoid default, while the city of Chengdu has rolled out measures to support the real estate industry. Unidentified shareholders of the China Evergrande group have raised around […]]]>

Kaisa Group Holdings Ltd. has offered to swap at least $ 380 million worth of bonds for new notes maturing in 2023 in a bid to avoid default, while the city of Chengdu has rolled out measures to support the real estate industry. Unidentified shareholders of the China Evergrande group have raised around HK $ 669 million ($ 86 million) through a stock offering.

Kaisa’s 2021 bond fell on the debt swap offer, while its shares jumped 15% at the start of trading in Hong Kong after a three-week suspension. Meanwhile, seven block trades totaling 300 million Evergrande shares were executed on the stock exchange at HKD $ 2.23 each, a 20% discount from Wednesday’s closing price. The shares of Evergrande were little changed, while the shares of other developers rose on the Chengdu measures.

  • Chinese LGFV debt growth will continue to slow in 2022: Moody’s
  • Lying flat can also be a winning investment strategy: Shuli Ren
  • Kaisa’s latest saga raises red flags for real estate bonds in China
  • The digital yuan is a game-changer to curb real estate speculation in China
  • Evergrande Stock Rally Raises Questions: What to Watch in China
  • Volatility Provides Entry Point for Blue Chip USD bonds from Asia: T. Rowe
  • Fantasia will make a partial payment on the Yuan bond coupon due on November 25

Millions of Evergrande Shares Switch Hands in the System (10 a.m. HK)

Haitong International Securities announced a position of 2.1 billion shares in Evergrande as of Nov. 24, up from 3.3 billion shares the day before, according to the Hong Kong Stock Exchange website.

  • The position, held in the Hong Kong clearing system, is equivalent to nearly 16% of the total issued shares
  • At the same time, Seekers Markets added 900 million Evergrande shares to its portfolio, now equivalent to a 6.8% stake.

Evergrande holders sell shares at 20% off (8:00 a.m. HK)

China Evergrande Group shareholders have raised around HK $ 669 million through a share placement.

  • The placement concerns 300 million existing shares, or 2.26% of the outstanding shares of Evergrande
  • The offer price of HK $ 2.23 per share represents a 20% discount from Wednesday’s close of HK $ 2.78. The identity of the shareholder remains unknown

Kaisa Resumes Trade and Offers Debt Swap (7:50 a.m. HK)

Kaisa Group has launched an exchange offer for at least $ 380 million of bonds at avoid a fault during the nation’s real estate cash crisis.

The builder has offered to exchange at least 95% of its 6.5% $ 400 million note maturing Dec. 7 for new notes with the same coupon maturing in June 2023. If the offer to bond holders fail, the developer may not be able to repay the bonds and may consider debt restructuring, he said in a stock exchange document on Thursday.

Kaisa is the latest real estate company to attempt to consolidate its finances as a debt crisis initially centered on China Evergrande Group engulfs the industry. The liquidity crisis follows a government campaign to reduce indebtedness in the sector and has been exacerbated by falling sales and house prices.

The company’s 2021 6.5% note fell 5.2 cents on the dollar to 45.3 cents, on track for the biggest drop since November 8, according to prices compiled by Bloomberg at 9:50 a.m. in Hong Kong.

Kaisa Debt Swap Offer;  Chengdu City Assistance: Evergrande Update

Chengdu Rolls Out Measures to Support Developers (7:40 a.m. HK)

The city of Chengdu, capital of southwestern Sichuan Province, has implemented a series of measures to support local developers, according to a statement from the housing authority. Chengdu will expand credit support for developers and home buyers and relax restrictions on developer use of the pre-sales product. Chengdu becomes the first major Chinese city to make such a decision, according to the Securities Times.

Fantasia to Change 2023 Bond Interest Payment (7:30 a.m. HK)

Fantasia said the company has made arrangements for the November 25 payment of 7.50% yuan-denominated bonds due 2023, according to a revised schedule. The company plans to pay 20% interest on November 25 and 80% on November 25, 2022.

Chinese Estates reduces Evergrande’s participation

Chinese Estates Holdings Ltd., a long-time supporter of the China Evergrande group, cut again its stake in the ailing real estate developer.

The Hong Kong-based company, led by chief executive Chan Hoi-wan, has sold around 270 million Evergrande shares since its last disclosure on Oct.6, lowering its stake to 2.36% on Friday, according to a filing filed Tuesday night. He revised his expected loss if he got rid of his entire stake to HK $ 10.6 billion ($ 1.4 billion) from HK $ 10.4 billion last month.

Kaisa Debt Swap Offer;  Chengdu City Assistance: Evergrande Update

Chinese Estates and Chan spent years helping Hui Ka Yan raise funds for his empire and at one point held an Evergrande stake of nearly 9%. But as the developer’s woes escalated, Hui’s backers started heading for the exit and began unloading their holdings in August. Since then, the Hong Kong-based company has offered to go private after its shares fell 51% in about seven months.

An overview of Evergrande’s maturity schedule:

Dollar bonds Coupon maturity date The grace period ends

Rising

(million bucks)

TIANHL 13% due in 2022 November 6 December 6 41.93
TIANHL 13.75% due in 2023 November 6 December 6 40.56
EVERRE 7.5% due 2023 December 28 January 27 50.43
EVERRE 8.75% maturity 2025 December 28 January 27 204.77


Source link

]]>
Hong Kong bars flock to join happy hour app ahead of official launch https://sms461.com/2021/11/23/hong-kong-bars-flock-to-join-happy-hour-app-ahead-of-official-launch/ Tue, 23 Nov 2021 11:11:33 +0000 https://sms461.com/2021/11/23/hong-kong-bars-flock-to-join-happy-hour-app-ahead-of-official-launch/ More than 400 bars have signed up for an app that lets drinkers find the closest happy hour in town – and it hasn’t even officially launched yet. A bar app that connects drinkers with happy hours and drink deals at Hong Kong bars is causing a stir in the city, with local bars rushing […]]]>

More than 400 bars have signed up for an app that lets drinkers find the closest happy hour in town – and it hasn’t even officially launched yet.

A bar app that connects drinkers with happy hours and drink deals at Hong Kong bars is causing a stir in the city, with local bars rushing to sign up.

Created by British expat Mark Sinclair, the Happy Hour Hong Kong app is a drink equivalent to the city’s popular online restaurant directory, OpenRice.

The app came to fruition after Sinclair noticed that many bars in town weren’t posting their happy hours outside of signage outside their venue, and he decided to take the opportunity.

Sinclair’s app went live in February, but as most bars and pubs were closed during that time due to Covid-19 lockdowns, the platform’s official launch will take place on November 27.

More than 400 bars in Hong Kong’s 18 districts have already signed up to partner with the app, which has been downloaded more than 1,700 times by thirsty consumers.

Sinclair’s ambitious plans include reaching a target of 10,000 users by the end of 2021 – in just over a month.

“It’s great as a directory for people to find drink deals and also for bars to give them advertising space as well,” he said. South China Morning Post.

“We can also organize featured events. When sporting events are organized, we can link them to bars. So it has tremendous potential for target areas other than happy hours, ”Sinclair said of his product expansion.

For the official launch this weekend, partner bars in the SoHo area of ​​Central, including Gomes’ Gastropub, Holy Eats, McSorley’s Ale House and Honey Pot, will be offering exclusive one-day deals for those using the application.

Partner bars will also give customers the chance to win vouchers worth HK $ 500-1,000 until launch.


Source link

]]>
Mainland delegation inspects Hong Kong, likely preparing to resume travel without quarantine https://sms461.com/2021/11/21/mainland-delegation-inspects-hong-kong-likely-preparing-to-resume-travel-without-quarantine/ Sun, 21 Nov 2021 13:33:00 +0000 https://sms461.com/2021/11/21/mainland-delegation-inspects-hong-kong-likely-preparing-to-resume-travel-without-quarantine/ Hong Kong residents wait to accept a third injection of COVID-19 vaccines on November 11, 2021. Photo: VCG The central government dispatched a delegation of epidemic prevention and control experts to the Hong Kong Special Administrative Region (HKSAR) on Saturday, which could be the last step towards resuming quarantine-free travel between mainland China and Hong […]]]>

Hong Kong residents wait to accept a third injection of COVID-19 vaccines on November 11, 2021. Photo: VCG

The central government dispatched a delegation of epidemic prevention and control experts to the Hong Kong Special Administrative Region (HKSAR) on Saturday, which could be the last step towards resuming quarantine-free travel between mainland China and Hong Kong. , observers said.

Resuming non-quarantine travel between the mainland and Hong Kong is a long-awaited policy that will benefit both mainland and Hong Kong residents, experts told the Global Times. However, before this policy is implemented, Hong Kong still needs to make efforts to further prevent imported cases and increase vaccination rates.

On Saturday, the delegation arrived in Hong Kong for a four-day visit to learn about the city’s anti-epidemic efforts and measures, according to a press release from the Hong Kong SAR government. Experts will visit local institutions and facilities related to anti-epidemic work and meet relevant staff to exchange views and share experiences.

On Sunday afternoon, the delegation inspected Hong Kong International Airport, one of the most important parts of the city’s epidemic prevention system.

Accompanied by officials from the Food and Health Bureau and the City’s Health Protection Center, the delegation was notified upon arrival at the airport and then visited the Departures and Arrivals Hall. to inspect epidemic prevention efforts.

The delegation includes epidemic prevention and control experts from the National Health Commission, Shenzhen and Zhuhai in Guangdong province (southern China). The Hong Kong and Macao Affairs Office of the State Council and the Liaison Office of the Central People’s Government of the Hong Kong SAR are also represented.

The delegation’s visit is an important follow-up to the meeting on the mainland and Hong Kong’s anti-epidemic work on September 26 and the video-conference exchange between them on November 2, according to the Hong Kong SAR government.

Experts told the Global Times that the delegation’s visit could be the last step towards resuming non-quarantine travel between the mainland and Hong Kong, which is expected to take place as early as early December.

“As students from mainland China studying in Hong Kong, we look forward to the resumption of non-quarantine travel, which will bring a high level of comfort,” a Polytechnic University student said on Sunday. from Hong Kong, Ma, to the Global Times. . “As far as I know, many Hong Kong residents have similar wishes.”

“Hong Kong has met all the standards in terms of preventing epidemics to open up to the mainland,” Jin Dongyan, professor of biomedicine at the University of Hong Kong, told the Global Times on Sunday, noting that only a few cases had been confirmed in the past. two months.

“The Hong Kong SAR government will continue to work towards the goal of zero infections and firmly guard against the importation of cases and the resurgence of local infections,” John Lee, chief government secretary said on Saturday. of the Hong Kong SAR.

With Hong Kong’s status as an important international hub, it neither could nor need to copy the entire anti-epidemic experience of the mainland, Jin noted.

However, Hong Kong still needs to make efforts to further prevent imported cases and increase vaccination rates before the recovery, experts noted.

“Resuming travel without quarantine is a matter of mutual respect and trust in each other’s system,” said Jin. “It is also about putting in place corresponding risk control mechanisms, including merger mechanisms that will be triggered by the reporting of a number of locally transmitted cases.”

“Hong Kong has yet to demonstrate that it can control and track potential cases imported from abroad with its prevention mechanism more lenient than the mainland,” said Kennedy Wong Ying-ho, a Hong Kong-based member of the National Committee. of the policy of the Chinese people. Consultative conference, the Global Times said on Sunday.

“Hong Kong’s vaccination rate [less than 70 percent] also needs to be further improved, something the Hong Kong SAR government could work on. “

People can no longer travel freely without quarantine between the mainland and Hong Kong since January 2020.

“It is excellent news that the central government sent the delegation,” Tam Yiu-chung, a member of the Hong Kong-based National People’s Congress Standing Committee, told Global Times. “If the delegation makes any recommendations and suggestions, I hope the Hong Kong SAR government will implement them as soon as possible.

The initial phase of non-quarantine travel may have a quota, and the Hong Kong SAR government should plan well in advance to avoid chaos after the application process begins, so as not to deter the public, said Tam.

Hong Kong has made intensive efforts to comply with the mainland’s epidemic prevention requirements to boost the resumption of non-quarantine travel.

In September, Hong Kong announced a lifting of the mandatory quarantine for travelers from low-risk areas on the mainland to the city.

In addition, Hong Kong Airport manages the separation of people arriving from the mainland and international flights. The city has also set up a health code mechanism similar to that of the metropolis. In November, Hong Kong tightened its quarantine exemption provisions, stopping allowing travelers from many countries to enter the city without quarantine.

Hong Kong has advantages as a gateway to the mainland, and if the staff of companies established in Hong Kong cannot travel to the mainland, it “will greatly diminish Hong Kong’s status as an international commercial and financial center.” , said Carrie Lam, Executive Director. Hong Kong SAR on October 26.

“Although Hong Kong appears to be recovering economically, many of its industries are isolated from the mainland, which poses great risks,” Wong said. “The eventual re-establishment of non-quarantine travel is inevitable for Hong Kong and will help it better integrate into the country’s development picture.”


Source link

]]>
These 4 metrics indicate that Man Yue Technology Holdings (HKG: 894) is using debt extensively https://sms461.com/2021/11/20/these-4-metrics-indicate-that-man-yue-technology-holdings-hkg-894-is-using-debt-extensively/ Sat, 20 Nov 2021 00:25:27 +0000 https://sms461.com/2021/11/20/these-4-metrics-indicate-that-man-yue-technology-holdings-hkg-894-is-using-debt-extensively/ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk […]]]>

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk of a business. We can see that Man Yue Technology Holdings Limited (HKG: 894) uses debt in his business. But the most important question is: what risk does this debt create?

Why Does Debt Bring Risk?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, then it exists at their mercy. If things really go wrong, lenders can take over the business. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. By replacing dilution, however, debt can be a very good tool for companies that need capital to invest in growth at high rates of return. When we look at debt levels, we first look at cash and debt levels, together.

Check out our latest review for Man Yue Technology Holdings

What is the net debt of Man Yue Technology Holdings?

As you can see below, at the end of June 2021, Man Yue Technology Holdings was in debt of HK $ 1.12 billion, up from HK $ 1.02 billion a year ago. Click on the image for more details. On the other hand, he has HK $ 223.0million in cash, resulting in net debt of around HK $ 896.2million.

SEHK: 894 Debt to equity history November 20, 2021

How healthy is Man Yue Technology Holdings’ balance sheet?

We can see from the most recent balance sheet that Man Yue Technology Holdings had a liability of HK $ 1.68 billion maturing within one year and a liability of HK $ 107.3 million as of of the. In compensation for these obligations, he had cash of HK $ 223.0 million as well as receivables valued at HK $ 857.3 million due within 12 months. Thus, its liabilities exceed the sum of its cash and (short-term) receivables by HK $ 705.4 million.

Given that this deficit is actually greater than the company’s market cap of HK $ 556.4 million, we think shareholders should really watch Man Yue Technology Holdings’ debt levels, like a parent watching her child riding a bicycle for the first time. In the event that the company were to clean up its balance sheet quickly, it seems likely that shareholders would suffer significant dilution.

We measure a company’s indebtedness relative to its earning power by looking at its net debt divided by its earnings before interest, taxes, depreciation, and amortization (EBITDA) and calculating the ease with which its earnings before interest and taxes (EBIT ) covers its interests. costs (interest coverage). Thus, we look at debt versus earnings with and without amortization expenses.

Man Yue Technology Holdings’ debt is 4.8 times its EBITDA, and its EBIT covers its interest costs 4.6 times more. Overall, this implies that while we wouldn’t like to see debt levels rise, we believe it can handle its current leverage. Notably, Man Yue Technology Holdings’s EBIT was higher than Elon Musk’s, gaining a whopping 650% from last year. When analyzing debt levels, the balance sheet is the obvious starting point. But you can’t look at debt in isolation; since Man Yue Technology Holdings will need income to repay this debt. So if you want to know more about its profits, it may be worth checking out this long term profit trend chart.

Finally, a business needs free cash flow to repay its debts; accounting profits are not enough. We must therefore clearly examine whether this EBIT leads to the corresponding free cash flow. Over the past three years, Man Yue Technology Holdings has spent a lot of money. While investors no doubt expect this situation to reverse in due course, this clearly means its use of debt is riskier.

Our point of view

We would go so far as to say that Man Yue Technology Holdings’ conversion of EBIT to free cash flow was disappointing. But on the positive side, its EBIT growth rate is a good sign and makes us more optimistic. Overall, we think it’s fair to say that Man Yue Technology Holdings has enough debt that there is real risk around the balance sheet. If all goes well, it may pay off, but the downside to this debt is an increased risk of permanent losses. The balance sheet is clearly the area to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist off the balance sheet. These risks can be difficult to spot. Every business has them, and we’ve spotted 3 warning signs for Man Yue Technology Holdings (1 of which doesn’t suit us very well!) you should know that.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% free, at present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St does not have any position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


Source link

]]>
Clothing brand Chickeeduck leaves Hong Kong https://sms461.com/2021/11/18/clothing-brand-chickeeduck-leaves-hong-kong/ Thu, 18 Nov 2021 13:47:14 +0000 https://sms461.com/2021/11/18/clothing-brand-chickeeduck-leaves-hong-kong/ HONG KONG: A Hong Kong clothing company that has backed democracy with colorful and ironic cartoons on Thursday announced it would close its stores next year, citing “unprecedented harassment” from officials and political opponents . Cute cartoon animals have been at the heart of Chickeeduck since its founding in 1990 and as protests for democracy […]]]>

HONG KONG: A Hong Kong clothing company that has backed democracy with colorful and ironic cartoons on Thursday announced it would close its stores next year, citing “unprecedented harassment” from officials and political opponents .

Cute cartoon animals have been at the heart of Chickeeduck since its founding in 1990 and as protests for democracy have rocked the city in recent years, it has adopted designs that subtly supported the movement.

China is reshaping Hong Kong into its own authoritarian image using a national security law that has crushed dissent and is continuing a campaign to purge any individual or business deemed unpatriotic.

“Over the past 18 months, Chickeeduck has suffered unprecedented harassment from unidentifiable malicious forces,” owner Herbert Chow wrote in a statement announcing that the company would exit the Hong Kong market by the second half. from 2022.

The statement cited investigations into factories and suppliers on the Chinese mainland, stores struggling to renew their leases, threats of phone calls to staff as well as investigations and spot checks by several government departments of Hong Kong.

At first glance, Chickeeduck’s contraband cartoons may seem innocuous.

They include cushions with yellow birds holding umbrellas alongside “I love HK” speech bubbles and canvas bags featuring five ducklings swimming on one side and a chicken carrying a flag on the other.

But for those familiar with Hong Kong’s recent tumultuous politics, popular conceptions were a clear nod to the city’s democratic movement, which is now being swept away by China’s crackdown on dissent.

Chow did not hide his message.

The tote bag, for example, was a reference to the popular protest slogan “Five demands, not one less”.

Other articles bear unmistakable resemblances to cartoons of pro-democracy protesters showing the yellow helmets and gas masks they wore when confronting police.


Source link

]]>
Is Zhengzhou Coal Mining Machinery Group Company Limited (HKG: 564) Stock Released by Strong Financial Data? https://sms461.com/2021/11/16/is-zhengzhou-coal-mining-machinery-group-company-limited-hkg-564-stock-released-by-strong-financial-data/ Tue, 16 Nov 2021 23:48:49 +0000 https://sms461.com/2021/11/16/is-zhengzhou-coal-mining-machinery-group-company-limited-hkg-564-stock-released-by-strong-financial-data/ Zhengzhou Coal Mining Machinery Group (HKG: 564) had a strong performance in the equity market with a significant increase in its shares of 21% over the past week. Since the market typically pays for a company’s long-term fundamentals, we decided to study the company’s KPIs to see if they could influence the market. In particular, […]]]>

Zhengzhou Coal Mining Machinery Group (HKG: 564) had a strong performance in the equity market with a significant increase in its shares of 21% over the past week. Since the market typically pays for a company’s long-term fundamentals, we decided to study the company’s KPIs to see if they could influence the market. In particular, we will pay special attention to the ROE of Zhengzhou Coal Mining Machinery Group today.

Return on equity or ROE is an important factor for a shareholder to consider because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess a company’s profitability against its equity.

See our latest review for Zhengzhou Coal Mining Machinery Group

How is the ROE calculated?

Return on equity can be calculated using the formula:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the above formula, the ROE of Zhengzhou Coal Mining Machinery Group is:

12% = CN ¥ 1.8b ÷ CN ¥ 15b (Based on the last twelve months up to September 2021).

The “return” is the amount earned after tax over the past twelve months. This means that for every HK $ 1 worth of equity, the company generated HK $ 0.12 in profit.

What is the relationship between ROE and profit growth?

So far we’ve learned that ROE is a measure of a company’s profitability. We now need to assess the profits that the company is reinvesting or “withholding” for future growth, which then gives us an idea of ​​the growth potential of the company. Generally speaking, all other things being equal, companies with high return on equity and high profit retention have a higher growth rate than companies that do not share these attributes.

A side-by-side comparison of Zhengzhou Coal Mining Machinery Group’s profit growth and 12% ROE

For starters, the ROE of Zhengzhou Coal Mining Machinery Group seems acceptable. Additionally, the company’s ROE is similar to the industry average of 9.7%. Therefore, this likely laid the foundation for the impressive 39% net income growth seen over the past five years by the Zhengzhou Coal Mining Machinery Group. However, other drivers could also be behind this growth. For example, the business has a low payout ratio or is managed efficiently.

We then compared the net income growth of Zhengzhou Coal Mining Machinery Group with the industry and we are delighted to see that the growth figure of the company is higher than that of the industry which has a growth rate of 17% over the same period.

SEHK: 564 Past profit growth on November 16, 2021

Profit growth is a huge factor in the valuation of stocks. What investors next need to determine is whether the expected earnings growth, or lack thereof, is already built into the share price. This then helps them determine whether the stock is set for a bright or dark future. A good indicator of expected earnings growth is the P / E ratio which determines the price the market is willing to pay for a stock based on its earnings outlook. So, you might want to check whether Zhengzhou Coal Mining Machinery Group is trading high P / E or low P / E, relative to its industry.

Is Zhengzhou Coal Mining Machinery Group Efficiently Reinvesting Profits?

The three-year median payout rate for Zhengzhou Coal Mining Machinery Group is 27%, which is moderately low. The company retains the remaining 73%. At first glance, the dividend is well hedged and Zhengzhou Coal Mining Machinery Group is effectively reinvesting its profits as evidenced by its exceptional growth which we discussed above.

In addition, Zhengzhou Coal Mining Machinery Group has paid dividends over a period of eight years, which means the company is very serious about sharing its profits with its shareholders.

Conclusion

All in all, we are quite satisfied with the performance of the Zhengzhou Coal Mining Machinery group. In particular, we like the fact that the company is reinvesting heavily in its business, and at a high rate of return. Unsurprisingly, this led to impressive profit growth. Looking at current analysts’ estimates, we found that analysts expect the company to continue its recent streak of growth. To learn more about the latest analyst forecast for the business, check out this visualization of the analyst forecast for the business.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


Source link

]]>