Hang Seng index rose 122.79 points to settle Monday’s session at 21,801.59 or up 0.6%. Railway operator MTR Corp was up 4.12% while Henderson Land gained 4.23%. New Word Development also ended the day at HK$15.00 or 3.88% higher. Credit Suisse raised MTR Corp target to HK$33.10 vs. HK$28.70.Expectations on stable policy from China also contributed to the rise despite the impending release of July’s inflation data on Wednesday. China’s inflation is seen rising from July’s 2.9%. Still, the advance was restrained perhaps by the cautiousness ahead of the next FOMC meeting this Tuesday.
Hang Seng index rose 122.79 points to settle Monday’s session at 21,801.59 or up 0.6%. Railway operator MTR Corp was up 4.12% while Henderson Land gained 4.23%. New Word Development also ended the day at HK$15.00 or 3.88% higher. Credit Suisse raised MTR Corp target to HK$33.10 vs. HK$28.70.
Expectations on stable policy from China also contributed to the rise despite the impending release of July’s inflation data on Wednesday. China’s inflation is seen rising from July’s 2.9%. Still, the advance was restrained perhaps by the cautiousness ahead of the next FOMC meeting this Tuesday.
Notable gainers include Cathay Pacific, Hutchison Whampoa, and Cheung Kong Holdings which gained in recent sessions due to rosy earnings results. Hutchison’s A3 issuer rating was put on review by Moody’s however, as its trend in deleveraging was progressing slower than expected.
HK Exchanges & Clearing is seen to report about 6.2% to 16.4% income growth in its upcoming earnings report next Wednesday. BNP Paribas expected net profit to rise 6.2% to HK$2.337 billion; Macquarie saw a jump of 16.4% in net profit, while UBS and DBS Vickers forecast 11% and 6.7% growth in net income, respectively. Additionally, UBS assigned a “SELL” on expectations of a more volatile market.
Hang Seng index rose 122.79 points to settle Monday’s session at 21,801.59 or up 0.6%. Railway operator MTR Corp was up 4.12% while Henderson Land gained 4.23%. New Word Development also ended the day at HK$15.00 or 3.88% higher. Credit Suisse raised MTR Corp target to HK$33.10 vs. HK$28.70.
Expectations on stable policy from China also contributed to the rise despite the impending release of July’s inflation data on Wednesday. China’s inflation is seen rising from July’s 2.9%. Still, the advance was restrained perhaps by the cautiousness ahead of the next FOMC meeting this Tuesday.
Notable gainers include Cathay Pacific, Hutchison Whampoa, and Cheung Kong Holdings which gained in recent sessions due to rosy earnings results. Hutchison’s A3 issuer rating was put on review by Moody’s however, as its trend in deleveraging was progressing slower than expected.
HK Exchanges & Clearing is seen to report about 6.2% to 16.4% income growth in its upcoming earnings report next Wednesday. BNP Paribas expected net profit to rise 6.2% to HK$2.337 billion; Macquarie saw a jump of 16.4% in net profit, while UBS and DBS Vickers forecast 11% and 6.7% growth in net income, respectively. Additionally, UBS assigned a “SELL” on expectations of a more volatile market.
Notable gainers include Cathay Pacific, Hutchison Whampoa, and Cheung Kong Holdings which gained in recent sessions due to rosy earnings results. Hutchison’s A3 issuer rating was put on review by Moody’s however, as its trend in deleveraging was progressing slower than expected.
HK Exchanges & Clearing is seen to report about 6.2% to 16.4% income growth in its upcoming earnings report next Wednesday. BNP Paribas expected net profit to rise 6.2% to HK$2.337 billion; Macquarie saw a jump of 16.4% in net profit, while UBS and DBS Vickers forecast 11% and 6.7% growth in net income, respectively. Additionally, UBS assigned a “SELL” on expectations of a more volatile market.
HK Exchanges & Clearing is seen to report about 6.2% to 16.4% income growth in its upcoming earnings report next Wednesday. BNP Paribas expected net profit to rise 6.2% to HK$2.337 billion; Macquarie saw a jump of 16.4% in net profit, while UBS and DBS Vickers forecast 11% and 6.7% growth in net income, respectively. Additionally, UBS assigned a “SELL” on expectations of a more volatile market.
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