Revenues Working Against Bar Pacific Group Holdings Limited's (HKG:8432) Share Price Following 26% Dive
Bar Pacific Group Holdings Limited (HKG:8432) shareholders that were waiting for something to happen have been dealt a blow with a 26% share price drop in the last month. The drop over the last 30
Bar Pacific Group Holdings' (HKG:8432) Earnings May Just Be The Starting Point
Bar Pacific Group Holdings Limited (HKG:8432) just reported healthy earnings but the stock price didn't move much. Investors are probably missing some underlying factors which are encouraging for the
BAR PACIFIC: Interim Report 2023/24
Huatai Securities's 24-year Food and Beverage Outlook: Demand Recovery Expectations Are Steady, Focus on Three Main Lines
The Zhitong Finance App learned that Huatai Securities released a research report saying that considering the current internal and external environment, overall demand in the food and beverage sector is expected to recover steadily in '24. Combined with the current low valuation (CS Food and Drink PETTM is in the 9% quartile since 2018) and optimism about the long-term potential of domestic food and beverage consumption, the sector still has medium- to long-term allocation value.
Pacific Bar announces interim results, profit attributable to shareholders of HK$1,222,000, up 1.2% year on year
Pacific Bar (08432) announced its results for the six months ended September 30, 2023, with revenue of HK$109 million, up 53.1% year on year; profit attributable to company owners of HK$1,222,000, up 1.2% year on year; and basic profit per share of HK$0.14 cents.
BAR PACIFIC: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
China Taibao: Taiping Life's cumulative original insurance business revenue of 18.887 billion yuan in the first eight months increased 9.2% year-on-year
China Taibao (02601) announced that from January 1, 2023 to August 31, 2023, the cumulative original insurance business revenue of China Pacific Life Insurance Co., Ltd., a subsidiary of the company, was RMB 18.887 billion, an increase of 9.2% over the previous year. The cumulative original insurance business revenue of the company's subsidiary China Pacific Property Insurance Co., Ltd. was RMB 132,053 billion, an increase of 11.9% over the previous year.
Weekend News: The biggest IPO in the world this year is coming! Will the economy cool down or turn the Fed into a dovish US economy The Beige Book on the US economy will announce that new car builders will fight a price war?
For more global financial information, please go to 7×24 hour real-time financial news, last week's market review and closing: All three stock indexes recorded gains this week, market focus, August non-agricultural data, top 20 US stock turnover on September 1: Dell received a lot of singing from Wall Street, stock prices surged more than 21%, popular Chinese securities rose more than 21% on Friday, Shell, New Oriental Weilai rose more than 7%, Gatong Technology fell more than 6%, New York gold futures closed 1.4% on Friday, closed 1.4% this week The majority of the market fell, Germany The DAX30 index fell 0
From BlackRock to Pacific Investment Management, bond investors are betting that the Fed's rate hike is over
For the first time since the Federal Reserve began raising interest rates nearly 18 months ago, there has been enough rift in the labor market, which has made some bond investors more boldly bet that the austerity cycle will finally end. A series of slowing employment indicators in the US this week, starting with the August non-farm payrolls report on Friday, has changed market sentiment and has instead supported holding policy-sensitive two-year treasury bonds. Jeff Rosenberg of BlackRock called it a “screaming buy.” The prospect of the Fed ending its most aggressive austerity action in decades has also drawn investors to another of the most popular end-of-cycle deals — a steep yield curve. As the focus shifts
Top 20 US stock turnover on August 29: Nvidia and Google Cloud expand partnership, and stock prices hit a record high
In the early morning of the 30th, Beijing time, US stocks closed higher on Tuesday. All three major stock indexes recorded gains for the third consecutive trading day, and large technology stocks generally rose. Investors are watching the performance of US stocks in the last few trading days of August and awaiting key economic data such as the PCE consumer price index and non-farm payrolls. Nvidia, number one in US stock turnover, closed 4.16% higher on Tuesday, and its stock price reached a record high of US$33.613 billion. Google Cloud and Nvidia announced an expanded partnership to advance the development of artificial intelligence computing, software, and services. Google's new supercomputer A100 GPU with Nvidia H3 GPU will be at 9
Foreign market headlines: Apple's press conference will be scheduled to release the iPhone 15 series, analysts say the recession alone can reduce inflation in the West and continue to rise in US housing prices, which is the hardest to bear since 1984
The main headlines that financial media around the world paid attention to last night and this morning were: US housing prices rose for May in a row, became the most difficult to afford property market since 1984, US housing prices have risen for the fifth month in a row, and buyers are bidding in the hardest to afford market in decades. According to S&P CoreLogic Case-Schiller housing price data, the national housing price index rose 0.7% month-on-month after seasonal adjustments in June. While rising mortgage interest rates have pushed some potential homebuyers off the market, determined homebuyers are still in high demand, and they have to contend for extremely limited listings. BLACK KNIGHT
Apple is scheduled to release the iPhone 15 series and the new smartwatch on September 12
Apple has set September 12 as the biggest product upgrade release date of the year. At that time, it will launch the iPhone 15 series and a new generation of smartwatches. The company announced the event called “Wonderlust” through its official website and email. It will be broadcast online and offline simultaneously. The venue will be the Jobs Theater in Cupertino, California. The webcast will begin at 10 a.m. Pacific time. Apple is under more pressure than before for this iPhone launch. The company's sales have declined for three consecutive quarters, and consumer demand for smartphones and other electronic devices is weak. This time
China Taibao: In the first 7 months, Taiping Life's cumulative insurance business revenue was 175.072 billion yuan, up 9.7% year-on-year
China Taibao (02601) announced that from January 1, 2023 to July 31, 2023, the cumulative original insurance business revenue of China Pacific Life Insurance Co., Ltd., a subsidiary of the company, was RMB 175.072 billion, up 9.7% year on year. The cumulative original insurance business revenue of China Pacific Property Insurance Co., Ltd., a subsidiary of the company, was RMB 118.737 billion, up 13.1% year on year.
Gross says 10-year US Treasury bonds are overestimated and the fair yield should be 4.5%
Senior bond investor Bill Gross believes that the benchmark US Treasury bond is currently at an “overvalued” level. The former fund manager of Pacific Investment Management said in an interview that the yield of around 4.5% of this type is a fair level. It was around 4.16% in Friday's US trading.
BAR PACIFIC: First Quarterly Report 2023/24
Pacific Bar (08432.HK) achieved a net profit of HK$1.02 million in the first fiscal quarter
On August 8, GLONGHUI丨Pacific Bar (08432.HK) announced that in the first quarter of the three months ending June 30, 2023, revenue from operating restaurants and bars during this period was HK$51.4 million, compared to HK$22.4 million, an increase of about 129.5% over the same period last year. The increase in related earnings was mainly due to the HKSAR Government's order to force the closure of all bars and pubs on May 18, 2022, which ended during this period, so it was possible to resume business from May 19, 2022, plus the impact of the Group's business expansion during this period. Meals were operated during this period
BAR PACIFIC: FIRST QUARTERLY RESULTS ANNOUNCEMENT FOR THE THREE MONTHS ENDED 30 JUNE 2023
Pacific Bar Ying Xi expects net profit of around HK$500,000 to HK$2.5 million after tax in the first quarter
Pacific Bar (08432) announced that the group expects to obtain net after-tax profits of about HK$500,000 to HK$2.5 million over the three-month period ending June 30, 2023, while net after-tax losses in the same period in 2022 will be about HK$1.8 million, turning losses into profits over the same period last year.
BAR PACIFIC: INSIDE INFORMATION - POSITIVE PROFIT ALERT
Will there be a bull market for US debt? Bulls “anxiously await” the Federal Reserve
Will there be a bull market for US debt? Bulls “anxiously await” the Federal Reserve Source: Wall Street reports that Zhou Xiaowen's continued strong employment and sticky inflation may “throw cold water” on the bond market. The Federal Reserve is about to hold a monetary policy meeting next week, and bond bulls await dovish signals. As the recent US inflation data cools down beyond expectations, the market expects the Fed's interest rate hike cycle to come to an end, and US treasury bonds will strengthen. The policy-sensitive two-year US Treasury yield has fallen nearly 30 basis points since hitting this year's high on July 6, which is good news for bond bulls. According to Bloomberg, fund managers are on the way
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