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Real-time News
On January 30th, Vanke Enterprise (02202.HK) announced on the Hong Kong Stock Exchange that it expects a net loss of approximately RMB 82 billion for 2025, compared to a loss of RMB 49.478 billion in the same period last year. The company anticipates a loss in 2025 primarily due to a significant decrease in the settlement scale of real estate development projects, resulting in a still low gross profit margin; new provisions for credit impairment and asset impairment; overall losses from certain operating businesses after deducting depreciation and amortization; losses from certain non-core financial investments; and some large-scale asset and equity transactions being priced below book value.On January 30th, Ourpalm announced that it expects a net loss of 90 million to 180 million yuan in 2025. The company anticipates a net loss primarily due to the decline in business of its major investee company, Webzen Inc., and signs of impairment. It anticipates making an impairment provision of 150 million to 250 million yuan for this long-term equity investment (the final impairment amount is subject to assessment and audit by intermediary institutions). In addition, the companys operating revenue also declined year-on-year during the reporting period due to factors such as the decline in revenue from mature game projects as product lifecycles change and the fact that newly developed SLG games have not yet been officially launched and promoted on a large scale.Raymond J. Financial: Upgraded SanDisk (SNDK.O) from Market Perform to Outperform.January 30th - Since the beginning of the year, Shenzhens secondhand housing market has seen a continuous rise in transaction volume, while the new housing market is also showing signs of recovery. Related data shows that the number of secondhand homes sold in Shenzhen has maintained an upward trend for three consecutive weeks, with 1,051 new homes sold, a 14.5% increase compared to the previous week. Among these, commercial and office properties saw a significant increase in transactions, rising by 69.4% month-on-month, becoming a major driver of new home sales. Behind this market recovery, favorable policies have been a key driving force. Starting January 1, 2026, Shenzhen will implement new standards for secondhand housing transaction taxes and fees: properties held for two years or more will be exempt from value-added tax, and for properties held for less than two years, the value-added tax rate will be reduced from 5% to 3%, directly lowering the cost of homeownership. Furthermore, the Peoples Bank of China recently announced a reduction in the minimum down payment ratio for commercial property loans to 30%, significantly lowering the barrier to entry for commercial property purchases.January 30th - After 30 years of lobbying, Emirates Airlines is finally poised to launch a route to Berlin this year, landing in the capital of Europes largest economy. The Dubai-based flagship carrier plans to officially launch service in December, operating Boeing 777s. According to a memo, the route was originally scheduled to open in May, but was postponed due to aircraft delivery delays. Despite years of persistent efforts, securing this coveted landing spot in Berlin had been a long-standing challenge for Emirates. The long-serving leader had specifically ordered additional Airbus A380s at the 2010 Berlin Air Show to garner favor from the German government.
