Hong Kong Shares Rebound 2.9% Amid Positive Sentiment

Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate

WSJJun 19 04:37 ET

Hong Kong stocks abnormality | Ali Health (00241) rose more than 4%, 2024 fiscal year performance exceeded expectations, Goldman Sachs pointed out that its profit margin visibility is high.

According to the Finance and Economics APP, the ali health (00241) has risen by over 4%, reaching 4.13% at the time of publication, with a trading volume of 90.3826 million Hong Kong dollars. On the news, ali health's revenue for the period ending in March 2024 was 27.027 billion yuan; net income was 883 million yuan, up 64.6% year-on-year, and adjusted net income was about 1.438 billion yuan, up 90.8% year-on-year. Haitong International believes that the company's profits exceed market expectations, and the profit margin for the fiscal year 2025 is expected to further improve. In terms of internet plus-related services online and offline, prescription outflow, and online medical insurance policies.

Zhitong FinanceJun 19 02:29 ET

Goldman Sachs reaffirms their "buy" rating for Ali Health (00241), with a target price of HKD 4.4.

Goldman Sachs believes that ali health's profit margin will be visible in the next two years.

Zhitong FinanceJun 19 02:01 ET

Ali Health (00241) granted a total of 3,700,700 stock options and 73,600,600 restricted stock units.

Alibaba Health (00241) announced that on June 14th, 2024, the company granted a total of 3.7007 million subscription rights and a total of 73.6006 million restricted share units to 2 affiliated grantors according to the terms of the share incentive plan, and must wait for acceptance before becoming effective for 576 grantees.

Zhitong FinanceJun 14 08:37 ET

Hong Kong Stock Market News: Ali Health (00241) rose more than 7%, with full-year performance exceeding market expectations. The company's business scale effect is expected to continue to expand.

Ali Health (00241) has risen by more than 7% again, with a cumulative increase of more than 20% after the performance. As of press time, it has risen by 6.2%, to HKD 3.77, with a turnover of HKD 248 million.

Zhitong FinanceJun 5 23:32 ET

Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term

0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say

WSJJun 5 02:42 ET