Hopes of stable stock market rise on H1 data
5 months ago

Hopes of stable stock market rise on H1 data

China Daily  

An investor looks at share prices at a brokerage in Fuyang, Anhui province. Of the 1,600-plus A-share companies that have disclosed their first-half earnings forecasts so far, more than 850 said their income will rise year-on-year, according to market tracker Wind Info. Seven companies reported net profit increases of over 500 percent year-on-year, including industry big names such as Will Semiconductor and Montage Technology. Qiu Xiang, joint chief strategist at CITIC Securities, said there were mainly two sets of A-share companies reporting better profitability in the first half. Looking ahead, A-share technology companies, especially with self-reliant technology expertise, as well as export-oriented companies, may post better performance in the following months, said experts from China International Capital Corp Ltd.

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Hopes of stable stock market rise on H1 data
5 months ago

Hopes of stable stock market rise on H1 data

China Daily  

An investor looks at share prices at a brokerage in Fuyang, Anhui province. Of the 1,600-plus A-share companies that have disclosed their first-half earnings forecasts so far, more than 850 said their income will rise year-on-year, according to market tracker Wind Info. Seven companies reported net profit increases of over 500 percent year-on-year, including industry big names such as Will …

Mainland shares getting back on track
9 months ago

Mainland shares getting back on track

China Daily  

Investors check share prices at a securities brokerage in Shanghai. Foreign investors' rising interest in Chinese mainland equities — their exposure to A shares has increased recently — can be attributed to the obvious value of the stocks and China's continued efforts to optimize its capital market structure, said market mavens and experts. The adjustment, based on FTSE Russell's first-quarter …

Tech helps improve outlook for A-shares
10 months ago

Tech helps improve outlook for A-shares

China Daily  

The Shanghai Composite Index reported the eighth consecutive trading day of gains on Friday and stood above the psychologically important level of 3000 points. The A-share market is showing clearer signs of bottoming out, mainly driven by the surge in the technology sector, the improved outlook for companies' profitability and central regulators' continued efforts to crack down on illegal activities …

Is that all there is? Big companies’ 2nd quarter profit reports earn a big yawn from Wall Street
1 year, 4 months ago

Is that all there is? Big companies’ 2nd quarter profit reports earn a big yawn from Wall Street

Associated Press  

NEW YORK — Big U.S. companies are telling investors they earned fatter profits during the spring than feared. So it’s routine for stocks to get a comfortable boost when companies report results for a quarter that are better than analysts expected. Broadly, profit reports for this quarter may have been a “sell the news” moment for the market, according to …

Almost all SZSE A-share companies projected to make profits
1 year, 8 months ago

Almost all SZSE A-share companies projected to make profits

China Daily  

A pedestrian passes an office building of the Shenzhen Stock Exchange on Nov 27, 2018. Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, earned operating revenue of 328.59 billion yuan and net profit of 30.73 billion yuan in 2022, an increase of 152 percent and 93 percent year-on-year, respectively. China's largest NEV maker BYD generated revenue …

Almost all SZSE A-share companies projected to make profits
1 year, 8 months ago

Almost all SZSE A-share companies projected to make profits

China Daily  

A pedestrian passes an office building of the Shenzhen Stock Exchange on Nov 27, 2018. Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, earned operating revenue of 328.59 billion yuan and net profit of 30.73 billion yuan in 2022, an increase of 152 percent and 93 percent year-on-year, respectively. China's largest NEV maker BYD generated revenue …

UBS expects Chinese market to deliver more growth
1 year, 11 months ago

UBS expects Chinese market to deliver more growth

China Daily  

Photo taken on July 29, 2022, shows buildings on both sides of the Huangpu River in Shanghai. Multinational investment bank and financial services company UBS is bullish on the Chinese market, and the market's attraction will be strengthened this year, ThePaper reported on Tuesday. The consumption recovery in the Chinese market will drive companies' earnings rise, while a recession in …

Premarket stocks: Corporate America is used to making money. But not like this
3 years, 5 months ago

Premarket stocks: Corporate America is used to making money. But not like this

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. In part for this reason, the second quarter “will almost certainly end up being the peak in earnings growth for this cycle,” LPL Financial strategists Jeffrey Buchbinder and Ryan Detrick told clients. “Despite the historic upside and significant growth in the first quarter, earnings are expected …

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