Hong Kong market overview | The three major indices surged and then fell back, with the Hang Seng Index rising by 0.32%; the tech and Apple Supplier stocks performed well, with Baidu up nearly 4% and COWELL rising over 6%.
Network Technology stocks are mostly rising, Baidu Group-SW is up by 3.85%, NTES-S is up by 2.11%; Apple Supplier stocks are up, COWELL is up by 6.11%, FIH is up by 4.23%; Lithium Battery stocks are rising, LEOCH INT'L is down by 3.21%, HONBRIDGE is up by 2.50%.
Hong Kong market quick review | The three major indices had mixed results, with the Hang Seng Index rising by 0.23%, marking six consecutive increases; Home Appliances stocks performed actively, with HISENSE HA rising by 6%; MINISO increased by nearly 4%.
Network Technology stocks rose together, with KUAISHOU-W up 1.69% and Alibaba-W up 1.57%; Apple Supplier stocks generally fell, with AAC TECH down 5.46% and Q TECH down 2.88%; Most Hong Kong Retail Stocks declined, with MILAN STATION up 6.60% and PRADA down 4.18%.
Palasino Holdings Insiders Sell HK$149m Of Stock, Possibly Signalling Caution
Quick overview of the Hong Kong market | The three major Indexes opened high but fell, the Tech Index dropped over 2%; China-Affiliated Brokerage stocks rose against the trend, with China Galaxy increasing nearly 4%; Yuejiang surged over 27%.
Network Technology stocks have fallen, with Bilibili-W down 6.81% and XIAOMI-W down 3.43%; Hong Kong Retail Stocks are down, with PRADA falling 6.74% and SAMSONITE down 5.80%; Golden Industrial Concept stocks are rising, with CHI SILVER GP up 5.71% and TONGGUAN GOLD up 3.95%.
Port City quick overview | Three major indices showed mixed results, the Hang Seng Index closed up 0.28%; property management stocks performed well, Wanyun rose nearly 10%; Mijing Group surged over 43% on its first day of listing.
Network Technology stocks have mixed results, with Alibaba-W up 2.27% and XIAOMI-W down 1.74%; Property Services and Management stocks are strong, with Wanwuyun up 9.78% and CG SERVICES up 8.11%; most Semiconductor stocks are down, with SHANGHAI FUDAN up 9.09% and Semiconductor Manufacturing International Corporation down 4.10%.
The affiliated group of Palace Entertainment (02536.HK) has received an off-market Shareholding of 18.1568 million ordinary shares, valued at approximately 16.6679 million Hong Kong dollars.
On February 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 24, Qiu Dachang purchased 18.1568 million shares of ordinary stock of the affiliated group Far East Consortium International Limited at an average off-market price of HKD 0.918 per share on February 18, amounting to approximately HKD 16.6679 million. After this Shareholding, Qiu Dachang's latest shareholding number in this affiliated group is 1.714 billion shares, with the good warehouse ratio increasing from 55.87% to 56.02%. Image source:
Hong Kong Market Quick View | The three major indices all fell, with the Tech Index dropping over 1%; domestic property stocks and Macau Casino stocks rose against the trend, with Galaxy Entertainment and SUNAC rising over 6%.
Network Technology stocks declined, with KUAISHOU-W falling by 5.57% and TENCENT down by 3.83%; Digital Health stocks weakened, with ZA ONLINE dropping by 13.87% and DingDang Health down by 7.14%; Casinos and Gaming stocks rose collectively, with PARADISE ENT increasing by 22.07% and Palace Entertainment up by 6.82%.
Hong Kong Market Quick View | Hong Kong stocks pulled back, the tech index fell over 2%, while KINGDEE INT'L and SUNNY OPTICAL rose more than 3% against the trend.
Network Technology stocks fell, with KUAISHOU-W down 3.88% and SENSORY TECH down 3.39%; most Digital Health stocks declined, with DINGDANG HEALTH down 7.69% and JD HEALTH down 6.01%; multiple Photovoltaic Power stocks also dropped, with XINYI SOLAR down 7.18% and GCL TECH down 6.30%.
Quick look at the Hong Kong market | The three major Indexes in Hong Kong stock market collectively declined, with the Hang Seng Index falling below 0.02 million points; Technology stocks and financial stocks were generally sluggish, Bilibili falling over
The three major indices of the Hong Kong stock market all declined, with the Hang Seng Index falling 1.63%, the Tech Index dropping 2.40%, and the National Index decreasing by 1.96%.
Hong Kong stock market midday review | The Hong Kong stock market is experiencing a pullback, with the Hang Seng Index falling by more than 1%. New Oriental dropped over 25% after its earnings report; some Semiconductors stocks rose against the market tre
Network Technology stocks fell broadly, with Bilibili-W down 6.16% and JD-SW down 4.42%; most Property Services and Management stocks declined, with CHINA RES MIXC down 3.13% and CHINA OVS PPT down 2.98%; Semiconductors stocks strengthened, with Ennoconn up 5.18% and Semiconductor Manufacturing International Corporation up 2.39%.
PALASINO: INTERIM REPORT 2024-2025
The mid-term net profit of Palace Entertainment (02536.HK) is 15.69 million yuan, an increase of 2.2%, with no dividend distribution.
The Royal Palace (02536.HK) announced its interim results for the six months ending September, with revenue of 0.282 billion yuan, an increase of 1.4% year-on-year. It recorded a net profit of 15.69 million yuan, a growth of 2.2%, and earnings per share of 1.95 cents. No interim dividend is declared.
Palasino Holdings Logs Higher Attributable Profit for Six Months to September
Palasino Holdings Sees Revenue Growth Amid Expansion
PALASINO: ANNOUNCEMENT OF RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Starting from the 7th of next month, Macao will hold the "2024 Colorful Spectacle over the Harbor," with six major gaming companies bearing a budget expenditure of approximately 18 million Macanese patacas.
Macao Radio reported that the "2024 Light of the Nam Van Lake" organized by the Macao Government Tourism Office will be held from December 7, 2024 to February 28, 2025. The report quoted the director of the Macao Government Tourism Office, Maria Helena de Senna Fernandes, as saying that the budget for the event is about 28.3 million Macao Patacas (MOP). Among them, the six major Macao casino operators budget involves about 18 million MOP, while the Macao authorities are responsible for the remaining approximately 10.3 million MOP. Maria Helena de Senna Fernandes also revealed that the event budget decreased by 27% annually, mainly due to this year's reorganization, with the office being fully responsible for the public tender for the installation. In addition, this year's event does not include drone coverage.
Palasino Holdings Schedules Board Meeting for Interim Results
Bally Palace (02536.HK) will hold a board of directors meeting on November 26 to approve the interim results.
Glory Times, November 13th - Paradise Entertainment (02536.HK) announced that it will hold a board of directors meeting on November 26, 2024 (Tuesday), with the agenda including approving the publication of the company and its subsidiaries' interim performance for the six months ending on September 30, 2024, as well as considering the proposal for interim dividend distribution (if any).
Belle Grande International (02536.HK) announced that the affiliated consortium of Qiu Dachang increased its shareholding by 0.146 billion shares of common stock, worth approximately 0.154 billion Hong Kong dollars.
Reported on October 30th, according to the documents disclosed by the Hong Kong Stock Exchange on October 30th, Qiu Dachang increased the off-market shareholding of The Venetian Macao (02536.HK) by 0.146 billion ordinary shares at an average price of HK$1.0525 per share on October 24th, worth approximately HK$0.154 billion. After the increase, Qiu Dachang's latest shareholding in the consortium is 1.689 billion shares, and the share proportion in the good warehouse has increased from 54.75% to 55.64%. Image Source: Stock Exchange
Belle Grande (02536.HK) shareholders' association received a shareholding of 1.586 million shares of common stock from Chiu Tat Cheong, worth approximately 1.8696 million Hong Kong dollars.
Reported on October 7th, according to the documents disclosed by the Hong Kong Stock Exchange on October 7th, Qiu Dachang increased his shareholding in Far East Consortium International Limited to approximately 1.586 million ordinary shares at an average price of HK$1.1788 per share on September 30, valued at about HK$1.8696 million. After the shareholding increase, Qiu Dachang's latest shareholding in the consortium is 1.541 billion shares, with a warehouse proportion increasing from 54.62% to 54.68%. Image Source: Stock Exchange Equity Disclosure