BYD Co Ltd-H (1211.HK)

China's BYD Co’s 1HFY23 profit jumped 204.7% YoY to CNY10.9bn (US$1.50bn) as the new energy vehicle maker broke its delivery record and retained its crown as China's biggestselling auto brand.

Buoyed by its Dynasty and Ocean series of plug-in petrol-electric hybrids cars and battery-only electric vehicles (EV), BYD set a monthly sales record in July after deliveries hit 700,244 vehicles in 2Q.

Since February, BYD has launched new versions for eight of its best-selling models with prices 4%-25% lower compared with older versions. BYD's 2QFY23 gross profit margin was 18.73%, compared with 17.86% in the first three months.

AIA Group Ltd (1299.HK)

AIA Group, Asia’s largest insurer, reported strong revenue growth and policy sales in the first half, thanks to mainland Chinese customers crossing into Hong Kong after the border reopening in search of better investment returns and protection against the yuan depreciation. 1HFY23 net profit rose 50% YoY to US$2.25bn (HK$17.6bn)

AIA’s value of new business (VONB), an important measure of sales and future growth, surged 37% to US$2bin, income from investments rose 9% US$1.72bn, aided by a more stable capital market.

CK Asset Holdings Limited (1113.HK)

CK Asset Holdings Ltd has been selling apartments this month at the lowest price in seven years, pressuring other developers to follow suit in a competitive market. Higher interest rates have deterred buyers from entering the market, with secondary home prices dropping to February levels after a brief recovery.

Hong Kong property developers saw the lowest sales since 2019 for new residential units completed, as expensive borrowing costs weighed on the market. Builders sold just 55% of apartments completed in the first six months, compared with the average sell through rate of 78% in the last five years.

ENN Energy Holdings Ltd (2688.HK)

ENN Energy Holdings 1HFY23 revenue fell by 7.2% YoY to CNY54.1bn (US$7.43bn) as domestic demand remained weak due to high gas procurement costs and a disappointing industrial recovery.

Total gas sales volumes fell by 6.9% to 12.2 bn cubic metres (bcm), which it attributed to high gas prices and subdued domestic demand, owing to a gloomy macroeconomic picture.

Liquefied natural gas prices (LNG) have fallen by around 69% between the end of June this year and the same point last year, having spiked in the immediate aftermath of Russia's invasion of Ukraine.

Xiaomi Corp-Class B (1810.HK)

Xiaomi’s 2QFY23 net income rose 147% YoY to CNY5.14bn (US$700m), beating analysts' expectations. In light of declining handset sales, Xiaomi is planning to manufacture electric vehicles (EVs) and has received approval from China's state planner.

The company has pledged a US$10bn investment over a decade in the automobile business and set a goal of mass car production for the first half of 2024.

Source: Rakuten Research - 30 Aug 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo