Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Malta Stock Exchange  >  HSBC Bank Malta p.l.c.    HSB   MT0000030107


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

HSBC Bank Malta p l c : China's factory activity likely grew at slightly faster pace in Aug

08/28/2020 | 02:19am EST

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNPMIB%3DECI Official manufacturing PMI poll data

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNPMIC%3DECI Caixin manufacturing PMI poll data

* Official gauge seen expanding at a slightly faster pace

* Private gauge seen easing moderately

* Official PMI will be released on Monday

* Caixin factory PMI will be out on Tuesday

BEIJING, Aug 28 (Reuters) - China's factory activity likely expanded at a slightly faster pace in August, fuelled by rising infrastructure spending and improving global demand, a Reuters poll showed on Friday, as the Chinese economy continues to recover from the coronavirus crisis.

The official manufacturing Purchasing Manager's Index (PMI) is expected to pick up moderately to 51.2 in August from July's four-month high of 51.1, according to the median forecast of 16 economists polled by Reuters. A reading above 50 indicates an expansion in activity on a monthly basis.

China's vast industrial sector is steadily returning to the levels seen before the pandemic paralysed huge swathes of the economy early this year. Pent-up demand, stimulus-driven infrastructure and surprisingly resilient exports have been the main drivers propelling the rebound, but private consumption is lagging as consumers remain cautious about spending.

Profits at China's industrial firms last month grew at the fastest pace since June 2018, official data showed on Thursday.

"High frequency data such as blast furnace operating rates and crude steel daily output continued to climb in August, likely driven by rising infrastructure demand," said Jiang Dongying, Shanghai-based analyst at CIB Research.

"On foreign demand, the continued re-opening of overseas economies could help boost new export orders."

UK-based industry consultancy Off-Highway Research said on Wednesday it now expects a 14% jump in China's construction machinery sales due to government stimulus, having previously said it would dip 8% before COVID-19.

With infrastructure and property investment set to drive growth for the rest of the year, investment Bank HSBC this week raised its forecast for China's 2020 GDP growth to 2.4% from 1.7%.

"With an uneven recovery and uncertain global growth, Beijing is focusing on reflating the domestic economy," Qu Hongbin, chief China economist at HBSC, said in an article on Wednesday.

"We thus expect policy to remain supportive with further interest-rate reductions this year – a 25 basis-point cut in the average reserve-requirement ratio to 9.15% and the one-year loan prime rate trimmed by another 20 points to 3.65%."

The official PMI and its sister survey on the services sector will be released on Monday.

The Caixin manufacturing PMI will be published on Sept. 1, and analysts expect a reading of 52.7, easing from 52.8 in July. The Caixin services PMI survey will be out on Sept. 3.

(Reporting by Stella Qiu and Ryan Woo; Editing by Kim Coghill)

© Reuters 2020
All news about HSBC BANK MALTA P.L.C.
01/25HSBC BANK MALTA P L C : Remuneration Policy 2020
01/22HSBC BANK MALTA P L C : Malta to reopen Rabat branch
01/15HSBC BANK MALTA P L C : Malta rolls out quicker and simpler business client onbo..
01/07HSBC BANK MALTA P L C : Malta Foundation donates €5,000 to Fondazzjoni Sebħ
01/05HSBC BANK MALTA P L C : Malta Foundation sponsors Climathon's winning prize
2020HSBC BANK MALTA P L C : Extraordinary times call for extraordinary banking
2020HSBC BANK MALTA P L C : Building Resilient Organisations
2020HSBC BANK MALTA P L C : Malta sponsors food waste management award
2020HSBC BANK MALTA P L C : Malta launches Christmas food collection initiative
2020HSBC BANK MALTA P L C : Malta awarded mental wellbeing Gold Certificate by The R..
More news
Sales 2019 151 M 184 M 184 M
Net income 2019 20,2 M 24,5 M 24,5 M
Net cash 2019 2 223 M 2 703 M 2 703 M
P/E ratio 2019 23,2x
Yield 2019 2,92%
Capitalization 294 M 357 M 357 M
EV / Sales 2018 -11,3x
EV / Sales 2019 -11,6x
Nbr of Employees 1 271
Free-Float 30,0%
Duration : Period :
HSBC Bank Malta p.l.c. Technical Analysis Chart | HSB | MT0000030107 | MarketScreener
Income Statement Evolution
Managers and Directors
Simon Vaughan Johnson Chief Executive Officer
John L. Bonello Chairman
Nikolaos Fertakis Chief Operating Officer
Emma Nuttall Chief Financial Officer
Andrew Muscat Independent Non-Executive Director
Sector and Competitors