Tourism Booms in Three-day Tomb Sweeping Holiday
The just-finished three-day Tomb Sweeping Day holiday, which started on Thursday, saw a tourism boom both in traveler numbers and tourism-related revenues.
Payment Convenience Planned to Strengthen Inbound Tourism
China has decided to launch a series of precise measures targeting the existing problems in its inbound tourism market.
China Joint Resources (00254) completes acquisition and loan of City Gear Limited
Zhitong Finance App News, China Joint Resources (00254) issued an announcement on matters relating to the Group's proposed acquisition of City Gear Limited and loans. All prerequisites under the sale agreement have been met and implemented accordingly on March 28, 2024. After completion, the target company became an indirect wholly-owned subsidiary of the company, and the target group's financial performance, assets and liabilities will be consolidated into the company's comprehensive financial statements, effective from the date of completion; and the seller has transferred the loan owed by the target group to the seller to the buyer, effective on the date of completion.
Inbound Tour Orders From 6 EU Nations Rise
China has seen growing orders for inbound tours from Switzerland, Ireland, Hungary, Austria, Belgium and Luxembourg following the implementation of a visa-free policy for these countries starting March 14, industry players have forecast.
National United Resources Swings to Fiscal H1 Loss
National United Resources Holdings (HKG:0254) incurred an attributable loss of HK$22.8 million for the six months ended Dec. 31, 2023, as compared to an attributable profit of HK$326.2 million during
NUR HOLDINGS: Interim Report 2023
Wong Wai Lun: The number of visitors to Hong Kong is rising steadily and is expected to reach 50 million this year
Hong Kong's Deputy Financial Secretary, Mr Wong Wai Lun, said that visitors to Hong Kong are showing a steady month-on-month increase. More than 4 million visitors were recorded in February, up from January.
China Joint Resources (00254) announced interim results. Shareholders' losses of HK$22.813 million were converted from profit to loss year-on-year
According to the Zhitong Finance App, China Joint Resources (00254) announced interim results for the six months ended December 31, 2023. The group achieved revenue of HK$34.55 million, a year-on-year decrease of 18.24%; losses attributable to company owners were HK$22.813 million, compared with a profit of HK$326 million for the same period last year; and a loss of HK0.6 cents per share. The Group recorded a gross loss of approximately HK$6.693 million during the period, an increase of approximately HK$171,000 or 2.6% over the gross loss of approximately HK$6.522 million in the corresponding period. Negative gross margins for the current period and the corresponding period were 19.7% and 15, respectively.
NUR HOLDINGS: INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
National United Resources Forecasts Swing to July-December 2023 Loss
National United Resources Holdings (HKG:0254) expects an attributable loss of between approximately HK$20 million and HK$30 million for the six months ended Dec. 31, 2023, as compared to an attributab
China Joint Resources (00254.HK) Profit Alert: Expected mid-term loss of HK$20 million to HK$30 million
On February 21, GLONGHUI | China Joint Resources (00254.HK) announced that for the six months ended 31 December 2023 (the “period”), compared with the profit attributable to company owners of about HK$326 million for the six months ended June 30, 2023 (the “corresponding period”), the company expects to record losses attributable to company owners up to the current period of about HK$20 million to HK$30 million. The Board believes that the profit conversion to loss was mainly due to a decrease of not more than HK$10 million or 24% in earnings for the period, and the lack of income from debt restructuring and the sale of subsidiaries during the period
NUR HOLDINGS: PROFIT WARNING
Anxin International: The performance of the Spring Festival exceeds expectations or boosts travel expectations throughout the year. It is recommended to focus on Tongcheng Travel (00780), etc.
Anxin International suggests focusing on Ctrip Group-S (09961) and Tongcheng Travel (00780), which are OTA targets with steady and predictable performance growth, and China's suspension (01880), which has the potential to repair performance.
China Joint Resources (00254.HK) will hold a board meeting on February 28 to approve the interim results
Gelonghui, February 16, 丨 China Joint Resources (00254.HK) issued an announcement. The board meeting will be held on February 28, 2024 to consider and approve the Group's interim results for the six months ended December 31, 2023.
NUR HOLDINGS: NOTICE OF BOARD MEETING
National Joint Resources [00254] now reports HK$0.1, an increase of 11.11%
As of 10:50, China Joint Resources [00254] reported HK$0.1, up HK$0.01 or 11.11% from yesterday's closing price, with a turnover of HK$791,000. Today's high price was HK$0.1 and the lowest price was HK$0.087. Based on yesterday's closing price, the 10-day average price was HK$0.09, and the 50-day average price was HK$0.09. The current price-earnings ratio was 2.04 times, and the 14-day strength and weakness index was reported at 53.23.
China Joint Resources [00254] now reports HK$0.092, a decrease of 13.21%
As of 09:34, China Joint Resources [00254] reported HK$0.092, down HK$0.014 or 13.21% from yesterday's closing price, with a turnover of HK$31,300, today's high of HK$0.092 and a low price of HK$0.092. Based on yesterday's closing price, the 10-day average price was HK$0.09, and the 50-day average price was HK$0.09. The current price-earnings ratio was 2.40 times, and the 14-day strength and weakness index was reported at 74.00.
China Joint Resources [00254] now reports HK$0.1, an increase of 12.36%
As of 15:04, China Joint Resources [00254] reported HK$0.1, up HK$0.011 or 12.36% from yesterday's closing price, with a turnover of HK$69,600. Today's high price was HK$0.1 and the lowest price was HK$0.088. Based on yesterday's closing price, the 10-day average price was HK$0.08, and the 50-day average price was HK$0.09. The current price-earnings ratio was 2.01 times, and the 14-day strength and weakness index was reported at 61.76.
CITIC Securities: Strong travel during the Spring Festival holiday, steady consumption of New Year's goods, and a slight increase in liquor consumption
Residents' demand for travel was strong during the Spring Festival. Compared with last year's National Day holiday, the resilience of consumer demand for leisure travel has been verified. Long-distance travel continues to grow, and the recovery trend for outbound travel is clear. Favorable visa policies and a long Spring Festival holiday period are expected to push the Spring Festival outbound travel market to exceed expectations.
Outbound Tourism Growth, Inbound Recovery Projected
Experts and industry insiders are confident of the steady development of the Chinese mainland's outbound and inbound tourism, and are calling for more measures to improve international travelers' experiences to revitalize the stillweak inbound tourism market.
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