China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy.
Analysts have trimmed profit projections for Hang Seng Tech Index members by 4% in April, following a similar reduction in March, according to data compiled by Bloomberg. Among their reasons is the prospect for further Covid flareups in the world’s most populous nation.
The escalating concerns ...

CapitaLandInvest (CLI) remains long-term positive on China and believes that the current headwinds may generate interesting counter-cyclical and opportunistic investment themes.
The real estate investment manager said this in a bourse filing in response to shareholder questions about the uncertainties it faces in China ahead of its annual general meeting on Friday.
While acknowledging the internal and external pressures faced by China si...

Majority analysts driving towards a 'buy' for ComfortDelGro as it has a smooth journey ahead and also for its positive outlook, as they see a recovery underway and while the group is positioned to benefit from the electric vehicle (EV) boom.
For the FY2021 period, earnings surged some 114% y-o-y to $130.1 million, but the 2HFY2021 period experienced a 42% y-o-y decline to $39.1 million.
The earnings growth in FY2021 was m...