PRE-MARKET CHINESE STOCKS NEWS: Bank of Qingdao (3866 HK) prelim. FY25 (CNY) net 5.2bln (exp. 4.9bln), rev. 14.6bln (exp. 14.3bln)
Canon (7751 JT) Executive Vice President Kazuto Ogawa is to become President and COO
PBoC injects CNY 354bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Bank of Qingdao (3866 HK) prelim. FY25 (CNY) net 5.2bln (exp. 4.9bln), rev. 14.6bln (exp. 14.3bln)
PBoC sets USD/CNY mid-point at 6.9771 vs exp. 6.9521 (Prev. 6.9755)
Samsung Electronics (005930 KS) says dollar strength had a positive impact of KRW 1.6tln on operating profit in Q4
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Bank of Qingdao (3866 HK) - Co. prelim. FY25 (CNY) net 5.2bln (exp. 4.9bln), rev. 14.6bln (exp. 14.3bln). (Newswires)
Foxconn Industrial Internet (601138 CH) - Co. prelim. FY25 (CNY) net 35.1bln-35.7bln (prev. 23.2bln Y/Y). (Newswires)
Muyuan Foods (002714 CH) - Co. 274mln share Hong Kong IPO priced at HKD 39/shr maximum price. (Newswires)
Shenzhen Expressway (548 HK) - Co. December Shenzhen Toll rev. CNY 396mln (prev. 384mln Y/Y). (Newswires)
Property - Several developers reportedly no longer need to submit the monthly so-called “three red lines” indicators, which are debt metrics formally introduced in 2021 to curb builders' financial leverage. (Newswires)
Other News
HKMA maintained its base rate at 4.00%, as expected. (Newswires)
China resumed the purchase of Canadian canola, while crushers in China have booked cargoes for loading in the next few months, according to Bloomberg citing sources. (Newswires)
UK PM Starmer said the UK and China need to take a "mature approach" to ties, while he added that the UK and China have to manage differences. (Newswires)
The preliminary earnings results from Bank of Qingdao indicate a solid beat on both net income and revenue compared to expectations, suggesting strong operational performance. This could enhance market sentiment towards the bank and potentially lead to upward revisions in analyst forecasts, especially as it aligns with broader positive trends in Chinese equities.
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