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08-06-2022, 12:13 PM
🌍*Listeners, the big picture outlook for 06-08: Hot Chinese stocks rose overnight as the Hang Seng extended its rally momentum*!
Wall Street stocks closed higher for the second straight session overnight, with the Dow Jones Business & Industry Index rising 0.8 percent on Tuesday, while the Nasdaq and S&P 500 each gained 0.94 percent and 0.95 percent.
Investors chose to wait and see before inflation data and central bank meetings unfolded, and Asia-Pacific stocks generally fell yesterday, with Singapore's Straits Times Index closing at 3231.54 points yesterday, up a modest 4.91 points or 0.15% for the day.
🌈*The following are the morning news from the Singapore stock market*.
1. IHH Healthcare disposed of its International Medical University Malaysia, IMU, which includes an uncompleted hospital, for RM1.345 billion (about S$420 million). The divestment is in line with the Group's strategy to drive capital efficient growth.
PSC Corp acquired the China and Taiwan operations of food company Dean Fa Foo for $95.1 million to expand the Group's soy production base and enter the Chinese consumer market.
3. Maxi Cash launched a mobile application through the banking platform of fintech company MatchMove to provide digital financial services to underserved communities and consumers such as foreign employees.
4. In response to an inquiry from the Singapore Exchange, Shanghai Turbo Enterprises disclosed that it had obtained RMB43.5 million (S$8.96 million) in loans as of the end of March, of which RMB30 million in mortgages were used to offset old mortgages and make payments to suppliers.
🌈*The following is the morning news from the Hong Kong stock market:*
The State Council approved the "14th Five-Year Plan" for the implementation of new urbanization
The Plan proposes to continuously promote the urbanization of the transferred agricultural population, improve the urbanization pattern with urban agglomerations as the main form and the coordinated development of large, medium and small cities and towns, promote the healthy, livable and safe development of cities, advance the modernization of urban governance system and governance capacity, and promote the integrated development of urban and rural areas, so as to provide strong impetus and solid support for the comprehensive construction of a modern socialist country.
Relevant Hong Kong stocks involved include.
Beyoncé (2007): insists on long-term bullishness on the prospect of China's new urbanization, has firm confidence in China's stable economic growth and long-term improvement, and continues to plough deep into new urbanization to achieve high-quality development.
OCT(Asia) (3366): intends to set up a partnership with Shenzhen Jingcheng and others to participate in new urbanization projects in the Guangdong-Hong Kong-Macao Greater Bay Area.
China Communications Construction (1800): Proposed to jointly establish a project company to invest in new urbanization PPP projects in Chongqing.
Wall Street stocks closed higher for the second straight session overnight, with the Dow Jones Business & Industry Index rising 0.8 percent on Tuesday, while the Nasdaq and S&P 500 each gained 0.94 percent and 0.95 percent.
Investors chose to wait and see before inflation data and central bank meetings unfolded, and Asia-Pacific stocks generally fell yesterday, with Singapore's Straits Times Index closing at 3231.54 points yesterday, up a modest 4.91 points or 0.15% for the day.
🌈*The following are the morning news from the Singapore stock market*.
1. IHH Healthcare disposed of its International Medical University Malaysia, IMU, which includes an uncompleted hospital, for RM1.345 billion (about S$420 million). The divestment is in line with the Group's strategy to drive capital efficient growth.
PSC Corp acquired the China and Taiwan operations of food company Dean Fa Foo for $95.1 million to expand the Group's soy production base and enter the Chinese consumer market.
3. Maxi Cash launched a mobile application through the banking platform of fintech company MatchMove to provide digital financial services to underserved communities and consumers such as foreign employees.
4. In response to an inquiry from the Singapore Exchange, Shanghai Turbo Enterprises disclosed that it had obtained RMB43.5 million (S$8.96 million) in loans as of the end of March, of which RMB30 million in mortgages were used to offset old mortgages and make payments to suppliers.
🌈*The following is the morning news from the Hong Kong stock market:*
The State Council approved the "14th Five-Year Plan" for the implementation of new urbanization
The Plan proposes to continuously promote the urbanization of the transferred agricultural population, improve the urbanization pattern with urban agglomerations as the main form and the coordinated development of large, medium and small cities and towns, promote the healthy, livable and safe development of cities, advance the modernization of urban governance system and governance capacity, and promote the integrated development of urban and rural areas, so as to provide strong impetus and solid support for the comprehensive construction of a modern socialist country.
Relevant Hong Kong stocks involved include.
Beyoncé (2007): insists on long-term bullishness on the prospect of China's new urbanization, has firm confidence in China's stable economic growth and long-term improvement, and continues to plough deep into new urbanization to achieve high-quality development.
OCT(Asia) (3366): intends to set up a partnership with Shenzhen Jingcheng and others to participate in new urbanization projects in the Guangdong-Hong Kong-Macao Greater Bay Area.
China Communications Construction (1800): Proposed to jointly establish a project company to invest in new urbanization PPP projects in Chongqing.
