Individual Stock News
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CIMC Group (02039.HK) announced a pleasing profit, with an expected year-on-year increase in net profit attributable to shareholders of 233% to 304% for the first three quarters.
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Jiumaojiu (09922.HK): Tai'er (for self-operated stores only) saw a year-on-year decrease of 18.3% in same-store daily sales in the third quarter.
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Li Ka-shing reduced his holdings in Postal Savings Bank of China (01658.HK) by approximately HKD 475 million, reducing his stake to 7.96%.
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China Power International Development (00902.HK) saw a cumulative on-grid electricity generation of 3412.40 billion kilowatt-hours from domestic power plants in the first three quarters, a year-on-year increase of 1.14%.
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BYD Company (01211.HK) plans to implement an employee stock ownership plan in 2024.
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Zijin Mining (02899.HK) announced a net profit attributable to shareholders of 24.357 billion yuan for the first three quarters, a year-on-year increase of 50.68%.
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Ping An Insurance (02318.HK): Ping An Bank reported a net profit of 39.729 billion yuan for the first three quarters, a year-on-year increase of 0.2%.
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Morgan Stanley increased its holdings in Alibaba (09988.HK) by approximately 56.3569 million shares, with a price of approximately HKD 105.09 per share.
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SINO-OCEAN GP (03377.HK): The UK restructuring plan meeting is scheduled to be held on November 22, 2024.
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Shanghai Fudan (01385.HK): Expected revenue for the first 9 months is between 26.6 billion and 27 billion yuan, with a net profit of 400 million to 450 million yuan, a year-on-year decrease of 38.48% to 30.78%.
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Longpan Technology's Hong Kong IPO aims to raise no more than HKD 700 million