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    1024   KYG532631028


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hong Kong shares end higher on tech, financial rally

07/13/2021 | 04:28am EST

* Hang Seng index ends up 1.63% China Enterprises index HSCE rises 1.69%

* Tencent rises 3.93% after Sogou deal approved

* HSBC jumps after Bank of England scraps dividend curbs

July 13 (Reuters) - Hong Kong shares rose on Tuesday as high tech and financials stocks rallied, after Chinese regulators approved a deal involving index heavyweight Tencent Holdings and after the Bank of England scrapped dividend curbs on lenders including HSBC.

** At the close of trade, the Hang Seng index was up 448.17 points, or 1.63%, at 27,963.41. The Hang Seng China Enterprises index rose 1.69% to 10,113.32. ** Tech firms in Hong Kong drove gains, with the sub-index of the Hang Seng tracking the IT sector rising 3.3% and the Hang Seng Tech index up 1.94%. ** Tencent Holdings Ltd jumped 3.93% after China's antitrust regulator on Tuesday approved its plan to take the country's no.3 search engine Sogou Inc private in a $3.5 billion deal. ** The financial sector also gained, rising 1.54% with Hong Kong shares of HSBC Holdings Plc ending 2.62% higher after the Bank of England on Tuesday scrapped pandemic-era curbs on dividends from top lenders with immediate effect. ** Sentiment was also bolstered by customs data showing that China's exports grew much faster than expected in June, and import growth also beat expectations. ** The top gainer on the Hang Seng was Geely Automobile Holdings Ltd, which gained 5.18%, while the biggest loser was WuXi Biologics (Cayman) Inc, which fell 3.1%. ** China's main Shanghai Composite index closed up 0.53% at 3,566.52 points, while the blue-chip CSI300 index ended up 0.18%. ** The yuan was quoted at 6.4655 per U.S. dollar, 0.17% firmer than the previous close of 6.4762. ** The top gainers among H-shares were Kuaishou Technology up 5.69%, followed by Geely Automobile Holdings Ltd , gaining 5.18% and Alibaba Group Holding Ltd , up by 3.95%. (Reporting by Andrew Galbraith; Editing by Shailesh Kuber)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GEELY AUTOMOBILE HOLDINGS LIMITED -0.22% 23.05 End-of-day quote.-13.02%
KUAISHOU TECHNOLOGY -3.56% 81.25 End-of-day quote.0.00%
TENCENT HOLDINGS LIMITED -2.32% 462.6 End-of-day quote.-17.98%
WUXI BIOLOGICS (CAYMAN) INC. 0.68% 103.2 End-of-day quote.0.39%
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11/24Kuaishou Technology Q3 Loss Narrows on Higher Revenue
11/24Nomura Adjusts Kuaishou Technology's Price Target to HK$114 From HK$122, Keeps at Buy
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11/22Hong Kong Stocks Slide to Two-Week Low; Kuaishou Retreats 3% Ahead of Q3 Earnings
11/17Baidu Posts Third-Quarter Net Loss Due to Loss in Long-Term Investments
11/16China Duty Free Group Wins Nod For $5 Billion Hong Kong IPO
11/08Sunwah Kingsway Capital Offloads Nearly $2 Million Shares in Kuaishou Technology
11/04China’s Top Listed Internet Firms Lose $781 Billion in Market Value in Q3
11/03JACK MA : ByteDance founder Zhang Yiming steps down as chairman, leaves board - source
More news
Analyst Recommendations on KUAISHOU TECHNOLOGY
More recommendations
Sales 2021 80 032 M 12 552 M 12 552 M
Net income 2021 -69 905 M -10 964 M -10 964 M
Net cash 2021 35 418 M 5 555 M 5 555 M
P/E ratio 2021 -3,72x
Yield 2021 -
Capitalization 279 B 43 704 M 43 708 M
EV / Sales 2021 3,04x
EV / Sales 2022 2,40x
Nbr of Employees 21 499
Free-Float 49,3%
Duration : Period :
Kuaishou Technology Technical Analysis Chart | 1024 | KYG532631028 | MarketScreener
Technical analysis trends KUAISHOU TECHNOLOGY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 25
Last Close Price 66,47 CNY
Average target price 110,90 CNY
Spread / Average Target 66,9%
EPS Revisions
Managers and Directors
Yi Xiao Cheng Chief Executive Officer & Executive Director
Yik Kay Chong Chief Financial Officer
Hua Su Chairman
Dingjia Chen Chief Technology Officer
Jia Tong Peng Vice President, Head-Investment & Development
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