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Top related persons:
Kenny Ng - 1 Ng - 1 GARY NG - 1 KENNY NG - 1 DICKIE WONG - 1 SUMEET SINGH - 1 Xie Yu - 1 Yantoultra - 1
Top related locs:
Hong Kong Hong Victoria HONG KONG People's Bank of China SINGAPORE COLOMBO Singapore
Top related orgs:
Everbright Securities - 1 CNBC - 1 Hong - 1 Alibaba - 1 HK - 1 ASIA PACIFIC - 1 CHINA - 1 HONG - 1

Search resuls for: "Kenny Ng"


5 mentions found


☆ Hong Kong shares drop 3%, dragged down by real estate and energy
  + stars: | 2023-10-03 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: 1 min
An urban view of high-rise buildings at dusk as seen from Hong Kong's Victoria Peak. Hong Kong's Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index's loss of over 500 points is a significant decline, Everbright Securities' Kenny Ng told CNBC via e-mail. "Additionally, the US dollar index has remained relatively strong, exerting downward pressure on the Hong Kong stock market." The index was last trading down 3.16% after coming back from a holiday on Monday.
Persons: Kenny Ng, Ng Organizations: Everbright Securities, CNBC, Hong Locations: Hong, Victoria, Hong Kong
☆ What people are saying about Ant Group's $984 mln fine and share buyback
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +3 min
July 10 (Reuters) - China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit. "And second, of course, we're talking about the share buyback plan. DICKIE WONG, EXECUTIVE DIRECTOR AT KINGSTON SECURITIES IN HONG KONG:"Their share prices have strongly rebound today mainly driven by the expectation that regulatory pressure from mainland government will ease. Ant Group is on the right track to achieve their final target of an IPO." According to the company, the reason for the buyback is providing liquidity to existing investors and attracting and retaining talented individuals through employee incentives.
Persons: GARY NG, KENNY NG, DICKIE WONG, SUMEET SINGH, Xie Yu, Yantoultra, Scott Murdoch, Anne Marie Roantree, Jamie Freed Organizations: Alibaba, HK, ASIA PACIFIC, CHINA, HONG, People's Bank of, Ant Group, KINGSTON, SINGAPORE WHO, Thomson Locations: HONG KONG, People's Bank of China, SINGAPORE, COLOMBO, Hong Kong, Singapore, Sydney
☆ Alibaba to split into six units
  + stars: | 2023-03-28 | by ( ) www.reuters.com   time to read: +2 min
March 28 (Reuters) - Alibaba Group Holding Ltd (9988.HK) said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each of the units will explore fundraising or initial public offerings. STUART COLE, HEAD MACRO ECONOMIST AT EQUITI CAPITAL, LONDON"I am not sure how quickly Alibaba could be broken up. To me, it suggests something that Alibaba has been wanting to do for some time, but has been waiting for the opportunity to do so." With this expectation, investors will be more positive on Alibaba. It may reflect a new round of development for the business and reduce worries of regulatory issues."
☆ Stocks in Asia rise on China reopening hopes
  + stars: | 2022-11-04 | by ( Ankur Banerjee | ) www.reuters.com   time to read: +3 min
The Hong Kong index was set for its biggest weekly gain in over a decade. European stock futures indicated stocks were set to gain, with the Eurostoxx 50 futures up 0.67%, German DAX futures up 0.45% and FTSE futures up 0.63%. Hong Kong and China stocks have moved sharply through the week. Rumours based on an unverified note circulated on social media on Tuesday that China was planning a reopening from strict COVID curbs in March. Additional reporting by Summer Zhen in Hong Kong; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
☆ Asia stocks struggle as Xi's leadership team spooks markets
  + stars: | 2022-10-25 | by ( Anshuman Daga | ) www.reuters.com   time to read: +4 min
MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) fell to the lowest since April 2020 before an attempted rebound in beaten-down Hong Kong tech shares dragged it back to flat. "A short-term technical rebound is the main factor for today's rise," said Kenny Ng, a strategist at China Everbright Securities in Hong Kong. "(The) cumulative decline of Hong Kong stocks is deep." CHINA FLIGHTChinese markets remained volatile and jittery following Monday's withering selloff in Hong Kong. Xi Jinping's new leadership team has raised worries that China will increasingly prioritise the state at the cost of the private sector.
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