PRE-MARKET CHINESE STOCKS NEWS: Chinese Trade Data is scheduled today
Today’s Chinese trade data, including new yuan loans and total social financing, is set to provide important signals regarding the economic trajectory in China.
PBoC sets USD/CNY mid-point at 6.8593 vs exp. 6.8173 (Prev. 6.8657)
Saudi Arabia is pressing the US to drop its Hormuz blockade, with Gulf energy exporters worrying that Iran could escalate and close the Bab al-Mandeb, according to WSJ
PRE-MARKET CHINESE STOCKS NEWS: Chinese Trade Data is scheduled today
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TAIWAN Nanya Technology Corp. (2408 TT) - Co. said DRAM prices are expected to continue rising as the AI-driven demand surge sustains a global chip shortage into next year
RBA Deputy Governor Hauser says not sure interest rates are at the right level to tame inflation, adds rates need to bring inflation to the 2-3% target and that Q2 headline inflation is around 5% due to fuel costs
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Beijing Originwater Technology Co. Ltd. (300070 CH) - Co. FY25 (CNY) net 61.0mln (prev. 58.6mln Y/Y), rev. 7.78bln (exp. 8.90bln). (Newswires)
BOC Aviation Ltd. (2588 HK) - Co. reported Q1 total fleet of 813 (prev. 815 Q/Q) and order book of 327 (prev. 337 Q/Q). (Newswires)
BYD Co. Ltd. (1211 HK) - Co. was linked to a report that Brazil’s government fired its “slave labor watchdog chief” following the blacklisting of the company. (SCMP)
China Resources Cement Holdings Ltd. (1313 HK) - Co. prelim. Q1 (CNY) net loss 170mln-200mln (prev. 107mln Y/Y). (Newswires)
China Resources Land Ltd. (1109 HK) - Co. reported Mar (CNY) contracted sales fell 14.1% Y/Y to 22.4bln. (Newswires)
China Resources Power Holdings Co. Ltd. (836 HK) - Co. reported Mar net generation rose 16.2% Y/Y to 20.8TWh. (Newswires)
Contemporary Amperex Technology Co. Ltd. (300750 CH) - Co. is reportedly mulling a share sale of up to USD 5bln following its rally and has held talks with banks regarding the potential transaction. (Newswires)
Dongfeng Motor Group Co. Ltd. (489 HK) - Co. plans to increase its stake in Voyah Auto (7489 HK). (Newswires)
Henan Shenhuo Coal & Power Co. Ltd. (000933 CH) - Co. final Q1 (CNY) net 2.29bln (prelim. 2.25bln), rev. 12.4bln (prev. 9.63bln Y/Y). (Newswires)
HSBC Holdings Plc (5 HK) - Co. CEO said the bank has been resilient in the Middle East and noted that movement of money from the region remains very benign. (Newswires)
Longfor Group Holdings Ltd. (960 HK) - Co. reported Mar (CNY) contracted sales 2.02bln (prev. 4.74bln Y/Y). (Newswires)
Seazen Group Ltd. (1030 HK) - Co. reported Mar (CNY) contracted sales 1.08bln (prev. 2.13bln Y/Y). (Newswires)
Shanghai Electric Power Co. Ltd. (600021 CH) - Co. FY25 (CNY) net 2.77bln (prev. 2.05bln Y/Y), rev. 41.9bln (prev. 42.7bln Y/Y), while Q1 electricity generation fell 4.6% Y/Y to 18.5GWh. (Newswires)
Other News
China Premier Li Qiang said to seek to strengthen energy cooperation with the UAE. (Newswires)
Data Recap
- Chinese New Yuan Loans (CNY)(Mar) 2990B vs. Exp. 3400B (Prev. 900B)
- Chinese Total Social Financing (CNY)(Mar) 5230B vs. Exp. 5400B (Prev. 2380B)
- Chinese M2 Money Supply YY (Mar) 8.5% vs. Exp. 8.9% (Prev. 9.0%)
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