Latest news with #HongKong
Yahoo
3 hours ago
- Business
- Yahoo
China's Biggest Soy Sauce Maker Rises in Hong Kong Trading Debut
Foshan Haitian Flavouring & Food Co., China's biggest soy sauce maker, rose 3.3% on its Hong Kong trading debut on Thursday. That's after its HK$10.1 billion ($1.3 billion) stock offering drew strong demand from investors. Bloomberg's Manuel Baigorri reports. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
- Yahoo
Is CHOW TAI FOOK (CJEWY) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has CHOW TAI FOOK (CJEWY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. CHOW TAI FOOK is a member of our Retail-Wholesale group, which includes 209 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CHOW TAI FOOK is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past 90 days, the Zacks Consensus Estimate for CJEWY's full-year earnings has moved 18.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the latest available data, CJEWY has gained about 78.4% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 2.9% on average. As we can see, CHOW TAI FOOK is performing better than its sector in the calendar year. Another stock in the Retail-Wholesale sector, Five Below (FIVE), has outperformed the sector so far this year. The stock's year-to-date return is 17.4%. For Five Below, the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, CHOW TAI FOOK belongs to the Retail - Jewelry industry, a group that includes 6 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has lost an average of 5.4% so far this year, so CJEWY is performing better in this area. Five Below, however, belongs to the Retail - Miscellaneous industry. Currently, this 18-stock industry is ranked #57. The industry has moved -7.3% so far this year. CHOW TAI FOOK and Five Below could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CHOW TAI FOOK (CJEWY) : Free Stock Analysis Report Five Below, Inc. (FIVE) : Free Stock Analysis Report Fox Corporation (FOX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
South China Morning Post
6 hours ago
- Business
- South China Morning Post
US dollar uncertainty propels use of e-CNY
The geopolitical world is becoming multipolar. Inevitably, the international monetary system is also evolving towards one where several sovereign currencies coexist and compete with each other. Advertisement As the second-largest economy, China must broaden the international role and appeal of the yuan. To this end, it makes sense to set up a new operations centre in Shanghai, the key mainland financial hub, to boost the yuan's global reach. As announced at the just-concluded Lujiazui Forum in the city, the international operations centre will pilot a range of monetary policy tools to complement the rolling out of the digital renminbi. The strategy underscores Beijing's determination to promote the use of the e-CNY, a central bank digital currency (CBDC), on a worldwide scale. At a time when most countries are still grappling with the concept of a CBDC, China is moving full steam ahead. Successful trials in the retail use of e-CNY have been carried out across a dozen Chinese cities since 2023, and in Hong Kong since last year. Advertisement A promising cross-border payments and banking system called 'mBridge' is linking the CBDCs from the central banks of China, Hong Kong, the UAE, Saudi Arabia and Thailand.
Yahoo
6 hours ago
- Business
- Yahoo
New World's $11B Lifeline: Will Hong Kong's Most Indebted Developer Survive the Countdown?
New World Development (NDVLY) is inching closer to sealing a massive HK$87.5 billion ($11.1 billion) loan refinancing, potentially giving the debt-laden Hong Kong builder some much-needed breathing room. After months of tense negotiations with over 50 lenders, people familiar with the talks say the company has now secured preliminary consent from all partiesincluding banks that had initially pushed back. But there's still a clock ticking: written approvals must land by June 30, or the deal could unravel entirely. Warning! GuruFocus has detected 8 Warning Signs with NDVLY. If finalized, the agreement would extend HK$63.4 billion ($8.1 billion) in near-term maturities to 2028, easing immediate pressure on New World's balance sheet. Roughly 40 assetsincluding New World Tower and the prized Victoria Docksidehave been pledged as collateral to secure the deal. Another HK$24.1 billion in longer-dated loans will remain on their original timelines, though with added credit enhancements and stricter collateral terms. The refinancing comes as part of a broader fight for survival, with investors increasingly concerned about the company's ability to navigate Hong Kong's prolonged property downturn and rising debt costs. The company isn't stopping there. New World is also seeking a separate HK$15.6 billion loan backed by Victoria Dockside, testing whether it can still tap fresh capital markets amid growing skepticism. Earlier this year, the developer delayed interest payments on four perpetual notes, triggering a sharp selloff in its dollar bonds. While this refinancing could help buy time, the path forward may still be rockyand investors are watching closely to see whether the firm can stabilize, or if this lifeline is just a pause before the next storm. This article first appeared on GuruFocus.
Malay Mail
6 hours ago
- Health
- Malay Mail
Hong Kong Baptist University Showcases World-Leading Research in Digital Health & Systems Medicine at THE Global Sustainable Development Congress 2025
HKBU's "Well-being Zone" showcases interdisciplinary global health, with sessions like Tai Chi, Baduanjin, and Mindfulness Karate reflecting its "exercise is medicine" approach to holistic well-being. Interdisciplinary Movement & Mindfulness: Tai Chi, Baduanjin and Mindfulness Karate sessions demonstrated HKBU's "exercise is medicine" philosophy. Tai Chi, Baduanjin and Mindfulness Karate sessions demonstrated HKBU's "exercise is medicine" philosophy. Real-Time Digital Well-being Research: Participants had the unique opportunity to contribute live data for Professor Christy Cheung's pioneering studies, which explore how digital tools can effectively measure mindfulness and enhance overall well-being. Participants had the unique opportunity to contribute live data for Professor Christy Cheung's pioneering studies, which explore how digital tools can effectively measure mindfulness and enhance overall well-being. Expert-Led Talks: Distinguished HKBU academics presented cutting-edge interdisciplinary research. Topics included critical global health trends, advancements in mental well-being, and innovative applications of Chinese Medicine and AI in modern healthcare. Distinguished HKBU academics presented cutting-edge interdisciplinary research. Topics included critical global health trends, advancements in mental well-being, and innovative applications of Chinese Medicine and AI in modern healthcare. Reflection & Rejuvenation Spaces: Thoughtfully curated "chill-out" relaxation areas, massage corners and a juice bar provided spaces for participants to experience a reboot of the body and the mind. HKBU scholars presented cutting-edge research on global health and Chinese Medicine at GSDC 2025. ISTANBUL, TURKEY - Media OutReach Newswire - 19 June 2025 – Hong Kong Baptist University (HKBU) illuminated the path to global well-being as the Global Health Innovation Partner and sponsor of the Health and Wellbeing Track at the Times Higher Education (THE) Global Sustainable Development Congress (GSDC) 2025, from June 16-19, 2025. At this gathering of over 5,000 global thought leaders, HKBU presented its comprehensive, interdisciplinary strategy for health and well-being, spearheaded by its Health & Drug Discovery research aligned with the United Nations' Sustainable Development Goals, HKBU's vision for health transformation drives from data to actionable insight. It comprehensively integrates mental and digital well-being, real-time analytics, and innovative interdisciplinary approaches. This includes blending traditional Chinese Medicine with cutting-edge sciences like chemical biology and data analytics, complemented by advancements in environmental, physical, and social sciences.A highlight of HKBU's presence was the 6,000-square-foot "Well-being Zone", thoughtfully designed to embody the principle that health is holistic and interconnected. This innovative Zone brought the concept of interdisciplinarity to a global audience by seamlessly integrating diverse fields, from martial arts and mindfulness to cutting-edge digital health monitoring:Highlighting HKBU's research strength in the transformative power of technology for global health,, emphasised, "HKBU's recent top-50 global ranking in databases, design automation, and artificial intelligence underscores our collaborative ethos. By integrating advanced AI methodologies with clinical, pharmaceutical and social-science expertise, we are optimising diagnostics, accelerating drug discovery and enhancing surgical assistance. This interdisciplinary approach reinforces Hong Kong's reputation as a global hub for cutting-edge research and higher education.", highlighted HKBU's strategic edge, "Hong Kong is uniquely positioned to lead East–West integration in digital health and systems medicine. HKBU combines the rigour of life sciences with robust Chinese Medicine research, underpinned by advanced data analytics. This powerful synergy enables us to tackle complex health disparities at biological, social, and environmental levels, and build resilient, equitable health systems to meet future global challenges."In addition to numerous insightful presentations and the interactive experiences, HKBU Provost Professor Martin Wong gave a keynote at the session entitled "Reframing Sustainability through the Lens of Chinese Heritage and Innovation" convened by the China Education Association for International also released theReport ( in collaboration with Elsevier. This report examines the development and evolving research landscape of Chinese Medicine and its growing influence on modern #HKBU The issuer is solely responsible for the content of this announcement.
