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Trends in China (03818.HK): 4QFY24 turnover falls year-on-year due to high base
Company News The company announced the 4QFY24 (January-March 2024) business situation: retail sales of the Kappa brand fell 10-20% year-on-year, and same-store sales fell by a high number of units over the same period last year. As of the end of March, Kapp
Featured announcements | The total amount of AIA share repurchase plans increased to US$12 billion; Sinopec's net profit for the first quarter decreased 8.9% year-on-year
China Shenhua's net profit for the first quarter was 15.884 billion yuan, a year-on-year decrease of 14.7%; China Life Insurance's net profit for the first quarter was 20.644 billion yuan, a decrease of 9.3% year-on-year.
Trends in China (03818.HK): Retail sales of Kappa brand stores recorded a year-on-year decline of 10% to 20% in the fourth quarter of the 2023/24 fiscal year
On April 26, Ge Longhui | China Trends (03818.HK) announced that in the fourth quarter of the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low drop of 10% to 20% year-on-year. In the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low increase of 10% to 20% year-on-year. In the fourth quarter of fiscal year 2023/24, same-store sales recorded a high year-on-year decline in units based on the Kappa brand stores that were already in operation since the same quarter last year. Cumulative in the 2023/24 fiscal year, with K already in operation since the same quarter last year
Intraday Overview | Hong Kong stocks continue to rise! The Tech Index rose more than 2%, and Tech Net stocks had the highest gains
Kuaishou rose more than 6%, JD and Meituan rose more than 5%, Tencent and Bilibili rose nearly 3%, and Baidu, Alibaba, and Xiaomi rose about 2%.
Overview of the Hong Kong market | Hong Kong stocks were weak throughout the day, the technical index fell nearly 3%, coal and electricity stocks rose against the market, and Yankuang Energy surged nearly 8%
Technology Network stocks weakened collectively. Bilibili, JD, and Xiaomi fell by about 4%, Baidu and Kuaishou fell more than 3%, Ali, Meituan, and Tencent fell more than 2%, and NetEase followed; property management stocks fell sharply, Wanwuyun fell nearly 9%, Ya Life Services and China Resources Vientiane Life fell more than 4%, and Country Garden Services fell nearly 6%.
Hong Kong Stock Afternoon Review | The three major indices fell sharply, the Science Index fell nearly 3%, Science Network and Property Management stocks had the highest declines, and coal and electricity stocks strengthened against the market
The Hang Seng Index fell 1%, while Kewang stocks fell by 2.71%; Jingdong fell nearly 5%, Xiaomi fell nearly 4%, Bilibili, Baidu, and Kuaishou fell more than 3%, Meituan and Tencent fell more than 2%, and Ali and NetEase fell slightly; coal stocks reversed the market; Yankuang Energy rose nearly 7%, China Shenhua rose nearly 5%, and China Coal Energy rose more than 6%.
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