Previous close | 8.060 |
Open | 8.070 |
Bid | 8.200 x 0 |
Ask | 8.230 x 0 |
Day's range | 8.070 - 8.370 |
52-week range | 7.990 - 18.800 |
Volume | |
Avg. volume | 15,853,951 |
Market cap | 106.081B |
Beta (5Y monthly) | 0.81 |
PE ratio (TTM) | 8.23 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.20 (2.40%) |
Ex-dividend date | 03 Jul 2024 |
1y target est | N/A |
A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a rise in dealmaking in the region amid a sluggish market at home. CGS International Securities is also in the process of securing a license to help manage initial public offerings (IPOs) in Malaysia, said Jason Saw, its group head of investment banking. Singapore-headquartered CGS International has over the last 1-1/2 years obtained investment banking business licenses in Indonesia, Malaysia, Singapore and Thailand, Saw told Reuters in an interview.
Amidst a backdrop of global economic fluctuations and mixed performances in key markets, the Hong Kong stock market has shown resilience, with the Hang Seng Index posting modest gains. This stability presents an intriguing opportunity for investors to consider stocks that may be trading below their fair value, potentially offering attractive returns in a cautiously optimistic economic environment.
China International Capital Corp (CICC) plans to expand its presence in Southeast Asia by opening offices in countries including Indonesia and Malaysia, said its investment banking head, as a slump in deals at home hurts its prospects. Founded in 1995, the Beijing-based investment bank currently has a presence in seven international financial centers outside of mainland China, including in Hong Kong, New York, London and Singapore. State-owned CICC opened a representative office in Vietnam in June, extending its presence in Southeast Asia, home to several fast growing economies.