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On March 25th, Gu Ming (01364.HK) announced its 2025 revenue of RMB 12.914 billion, a year-on-year increase of 46.9%; gross profit of RMB 4.262 billion, a year-on-year increase of 58.6%; net profit for the year of 3.115 billion, a year-on-year increase of 108.6%; profit attributable to owners of the parent company of RMB 3.109 billion, a year-on-year increase of 110.3%; adjusted profit of RMB 2.575 billion, a year-on-year increase of 66.9%; adjusted core profit of RMB 2.808 billion, a year-on-year increase of 77.8%; basic earnings per share of RMB 1.34, a year-on-year increase of 88.7%; and diluted earnings per share of RMB 1.08, a year-on-year increase of 52.1%. The Board of Directors recommends a final dividend of HKD 0.50 per share.According to a Reuters poll, 21 out of 60 economists believe the European Central Bank will raise interest rates at least once in 2026 (compared to 3 out of 72 economists in a March 13 poll).According to a Reuters poll, 38 out of 60 economists believe the European Central Bank will keep its deposit rate at 2.00% throughout 2026.On March 25th, the Beijing Municipal Commission of Planning and Natural Resources released its second round of proposed residential land supply list for 2026, involving four plots with a total area of approximately 22 hectares and a building area of approximately 380,000 square meters. These plots are planned for supply in the near future. All plots offered in this round are located in areas with strong market demand and well-developed infrastructure and public services. In terms of regional distribution, one plot is located in the central urban area (Fengtai District), two plots are located in the sub-center and multiple plain areas (Tongzhou District), and one plot is located in the ecological conservation area (Huairou District).On March 25, Assistant Minister of Commerce Yuan Xiaoming and Secretary for Economy and Finance of the Macao Special Administrative Region Government Tai Kin Ip co-chaired the eighth meeting of the Mainland-Macao Economic and Trade Cooperation Committee. Yuan Xiaoming stated that 2026 marks the start of the 15th Five-Year Plan. Macao is currently drafting its 3rd Five-Year Plan. Holding this meeting of the Mainland-Macao Economic and Trade Cooperation Committee at this time is of great significance for supporting Macaos proactive alignment with the 15th Five-Year Plan and deepening bilateral economic and trade relations. The Ministry of Commerce will further promote the expansion and implementation of CEPA, support Macaos participation in the Belt and Road Initiative, assist Macao in building a platform between China and Portuguese-speaking countries, and promote the moderate diversification of Macaos economy.

Light Selling Ahead of CPI Data, Earnings Season

Cory Russell

Jul 12, 2022 14:56

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Late in the trading day on Monday, September E-mini S&P 500 Index futures were trading lower as investors prepared for the release of the US Consumer Price Index (CPI) data on Wednesday and the formal start of the second-quarter earnings season. Investors reduced risk throughout the day as China ordered the closure of the first casino in Macao in more than two years to stop the COVID-19 virus from spreading.


September E-mini S&P 500 Index futures are now trading at 3882.00, down 19.25 or -0.49 percent, at 17:55 GMT. The S&P 500 Trust ETF (SPY) is down $4.58 or 1.18 percent, trading at $384.09.


Communication services, one of the S&P 500's 11 main industries, had the highest percentage decline while utilities led gainers.


The Consumer Price Index (CPI) is predicted to increase on Wednesday from last month's reading of 8.6 percent to 8.8 percent. The start of the second quarter reporting season is anticipated to come later in the week with results from major banks including JPMorgan Chase & Co, Citigroup Inc, and Wells Fargo & Co.