PRE-MARKET CHINESE STOCKS NEWS: Chinese PMI data is scheduled today
Antengene Corp. Ltd. (6996 HK) - Co. entered a global license agreement for ATG-201 with UCB and will receive USD 80mln upfront and near-term milestone payments of up to 1.1bln. (Newswires)
ASMPT Ltd. (522 HK) - Co. Q4 (HKD) adj. net was 181.3mln, adj. op. was 234.7mln, rev. rose to 4.33bln from 3.90bln Y/Y and recommended a special cash dividend of 0.79/shr while guiding Q1 rev. at USD 470-530mln. (Newswires)
BYD Co. Ltd. (1211 HK) - Co. will launch its second-generation Blade battery and fast-charging technology on Thursday. (Newswires)
Contemporary Amperex Technology Co. Ltd. (300750 CN) - Co. will partner with Minieye on the development of intelligent chassis technology. (Newswires)
Country Garden Holdings Co. Ltd. (2007 HK) - Co. February (CNY) contracted sales were 2.23bln (prev. 2.21bln in January). (Newswires)
MMG Ltd. (1208 HK) - Co. FY (USD) net was 509mln, rev. rose to 6.22bln from 4.48bln Y/Y. (Newswires)
PetroChina Co. Ltd. (0857 HK) - Co. issued a stock trading volatility alert. (Newswires)
Sino Biopharmaceutical Ltd. (1177 HK) - Co. granted Sanofi (SAN FP) an exclusive global license for Rovalpituzinib for an upfront payment of USD 135mln and milestone payments of up to 1.40bln. (Newswires)
The upcoming Chinese PMI data today is pivotal as it will gauge manufacturing activity, which directly affects market sentiment and expectations for economic growth in China. Depending on whether the PMI beats or misses expectations, we could see significant movements in Asian equities and commodities, as well as potential ripple effects on currency pairs such as USD/CNY and EUR/USD.