Daily Hong Kong Stock Market News Express (Monday, October 21)

Individual Stock News

1. CIMC (02039.HK) announced a pleasing profit, with an expected year-on-year increase in net profit attributable to shareholders of 233% to 304% for the first three quarters.

2. Jiumaojiu (09922.HK): Tai'er (self-operated only) saw a year-on-year decrease of 18.3% in same-store daily sales in the third quarter.

3. Li Ka-shing reduced his holdings in PSBC (01658.HK) by approximately HKD 475 million, reducing his stake to 7.96%.

4. Huaneng Power International (00902.HK) saw a cumulative on-grid electricity generation of 3412.40 billion kilowatt-hours from domestic power plants in the first three quarters, a year-on-year increase of 1.14%.

5. BYD Company (01211.HK) plans to implement an employee stock ownership plan in 2024.

6. Zijin Mining (02899.HK) announced a net profit attributable to shareholders of RMB 24.357 billion for the first three quarters, a year-on-year increase of 50.68%.

7. Ping An Insurance (02318.HK): Ping An Bank's net profit for the first three quarters was RMB 39.729 billion, a year-on-year increase of 0.2%.

8. Morgan Stanley increased its holdings in Alibaba (09988.HK) by approximately 56.3569 million shares, with a price of approximately HKD 105.09 per share.

9. China Oceanwide Holdings Group (03377.HK): The UK restructuring plan meeting is scheduled to be held on November 22, 2024.

10. Shanghai Fudan Microelectronics Group (01385.HK): It is expected to have a revenue of HKD 2.66-2.7 billion and a net profit of HKD 400-450 million for the first nine months, a year-on-year decrease of 38.48% to 30.78%