Market Roundup

Hong Kong stock market fluctuated and were weak today. The HSI opened 3 points higher and then rose 94 points, but then fell back and turned to decline. It fell 127 points or 0.5% in half a day to 23,254; the HSCEI fell 31 points or 0.4% to 8,438; the HSTECH fell 19 points or 0.4% to 5,162. The total turnover at mid-day was HK$100.0bn. Xiaomi (1810) first quarter non-IFRS net profit rose 65% to beat consensus, and the share price rose 1.4%. Kuaishou (1024) first quarter non-IFRS net profit increased 4%, the company is confident that the online advertising revenue in the second quarter will grow by double digits, and the share price rose 5%.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.