PRE-MARKET CHINESE STOCK NEWS: HKMA maintains rates at 4.00% in lockstep with the Fed
HKMA held rates at 4.00% following a divided Fed decision. Fosun and Western Mining reported strong H1 gains, while MGM China and Budweiser APAC faced mixed results.
News detail
Budweiser Brewing Company APAC (1876 HK) - Co. Q2 (USD) net rose 34.4% Y/Y to USD 247mln, adj. EBITDA fell 0.1% Y/Y to USD 463mln, rev. fell 0.6% Y/Y to USD 1.68bln. (Newswires)China Railway Erju (600528 CH) - Co. H1 (CNY) new contracts signed fell 5.3% Y/Y to CNY 20.3bln. (Newswires)Fosun International (0656 HK) - Co. guides H1 (CNY) net to CNY 1.50bln-1.80bln vs. CNY 661mln Y/Y. (Newswires)HKT Trust (6823 HK) - Co. H1 (HKD) net rose 3.9% Y/Y to HKD 2.15bln, rev. rose 8.1% Y/Y to HKD 18.7bln. (Newswires)MGM China Holdings (2282 HK) - Co. Q2 (HKD) EBITDA fell 7.2% Y/Y to HKD 2.33bln. (Newswires)Western Mining (601168 CH) - Co. final H1 (CNY) net rose 30.3% Y/Y to CNY 4.17bln (prelim. CNY 4.0bln-4.3bln), rev. rose 24.7% Y/Y to CNY 39.4bln. (Newswires)Other NewsHKMA leaves rates unchanged at 4.00%, as expected, in lockstep with the US Fed.
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