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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.28%), Hang Seng Futures (0.63%), ASX SPI 200 +0.05%, S&P Futures (0.08%)

Aug 26 ,2024

  • Synopsis:

    • Asian markets set for negative start to Tuesday trade. Futures pointing to opening declines in Japan and Hong Kong, and flat start in Australia. S&P 500 futures little changed following tech-led retreat on Monday. Australian and New Zealand yields turning higher after Treasuries weakened overnight. FX markets steady after dollar index turned up from 13-month low. Crude steady following Monday rally on Middle East tensions. Gold managed another record close. Bitcoin pulling back from Monday's highs.

    • With September Fed rate cut widely expected debate has pivoted to whether it will be 25 bp or 50 bp move. Odds of 50 bp cut stand at ~30% as markets continue to price in ~100 bp of easing in final three meetings of the year. That has increased importance of August US payrolls (6-Sep) in shaping 25 vs 50 bp debate as Fed policy focus shifts more to preventing harder labor market slowdown.

    • Regional markets to open on the back of negative lead from US tech as near-term attention remains on NVDA's earnings Wednesday. Expectations high with markets anticipating another beat and raise. Options market positioning suggesting swings of 9-10% in either direction following the results. Traders also anticipating moves of 1% for S&P 500 on Thursday.

  • Pre-open Company News:

    • 9885.HK -- YSB, Inc. reports H1 adjusted net income CNY91.4M vs year-ago CNY70.2M

    • 4863.MK -- Telekom Malaysia reports Q2 EPS 10.3 sen vs FactSet 10.9 sen [2 est, 10.7-11.0 sen]

    • 601231.CH -- Universal Scientific Industrial (Shanghai) confirms H1 results, as reported on 24-Jul

    • 603456.CH -- Zhejiang Jiuzhou Pharmaceutical reports H1 net income attributable CNY475.0M, (24%) vs year-ago CNY621.9M

    • 600066.CH -- Yutong Bus reports H1 net income attributable CNY1.67B vs guidance CNY1.55-1.79B

    • 300496.CH -- Thunder Software Technology reports H1 net income attributable CNY104.4M vs year-ago CNY388.0M

    • 600143.CH -- Kingfa Sci. & Tech. reports Q2 operating data

    • 000938.CH -- Unisplendour Corp. reports H1 net income attributable CNY1.00B, (2%) vs year-ago CNY1.02B

    • 6601.HK -- Cheerwin Group reports H1 net income attributable CNY179.5M, +31% vs year-ago CNY136.5M

    • 601965.CH -- China Automotive Engineering Research Institute confirms H1 preliminary results, as reported on 10-Jul

    • 816.HK -- Jinmao Property Services reports H1 net income attributable CNY173.4M vs year-ago CNY145.8M

    • 9863.HK -- Zhejiang Leapmotor Technology CEO Zhu Jianming, shareholders Fu Liquan and his wife to acquire up-to-CNY300M (HK$328.3M) shares

    • 857.HK -- PetroChina acquires CNPC Electric Energy from controlling shareholder CNPC for CNY5.98B

    • 9666.HK -- Jinke Smart Services Group reports H1 net income attributable (CNY194.4M) vs prior guidance (CNY300-100M)

    • 1896.HK -- Maoyan Entertainment reports H1 adjusted net income CNY351.8M, (23%) vs year-ago CNY455.7M

  • On Deck:

    • China:

      • Earnings:

        • Pharmaron Beijing (300759.CH), China Automotive Engineering Research Institute (601965.CH), Haier Smart Home (600690.CH)

    • Hong Kong:

      • Earnings:

        • Health & Happiness (H&H) International Holdings (1112.HK), ANTA Sports Products (2020.HK), Nayuki Holdings (2150.HK), Shanghai Fosun Pharmaceutical (Group) Co. (2196.HK), NagaCorp (3918.HK), ZhongAn Online P&C Insurance (6060.HK), SJM Holdings (880.HK), Anhui Conch Cement (914.HK), Super Hi International Holding (9658.HK), China Resources Land (1109.HK), China Modern Dairy Holdings (1117.HK), Chow Sang Sang Holdings International (116.HK), China Resources Mixc Lifestyle Services (1209.HK), China Cinda Asset Management (1359.HK), Yihai International Holding (1579.HK), Ausnutria Dairy (1717.HK), Guotai Junan International Holdings (1788.HK), China Datang Corp. Renewable Power (1798.HK), Everest Medicines (1952.HK), Keymed Biosciences (2162.HK), Medlive Technology (2192.HK), Clover Biopharmaceuticals (2197.HK), AviChina Industry & Technology (2357.HK), Shun Tak Holdings (242.HK), Beijing UBOX Online Technology (2429.HK), Cirrus Aircraft (2507.HK), Jiangxi Rimag Group (2522.HK), China Overseas Property Holdings (2669.HK), China Oilfield Services (2883.HK), A-Living Smart City Services (3319.HK), China National Building Material (3323.HK), Hansoh Pharmaceutical Group (3692.HK), KWG Living Group Holdings (3913.HK), Gemdale Properties & Investment (535.HK), China Communications Services (552.HK), China Conch Venture Holdings (586.HK), China Conch Environment Protection Holdings (587.HK), China Tobacco International (HK) (6055.HK), Haidilao International Holding (6862.HK), Shandong Boan Biotechnology (6955.HK), Skyworth Group (751.HK), China Jinmao Holdings Group (817.HK), Sino Land (83.HK), China Resources Power Holdings (836.HK), Nongfu Spring (9633.HK), China Taiping Insurance Holdings (966.HK), Linmon Media (9857.HK), Jenscare Scientific (9877.HK), Powerlong Commercial Management Holdings (9909.HK), Yeahka (9923.HK), Times Neighborhood Holdings (9928.HK)

    • Australia:

      • Earnings:

        • Neuren Pharmaceuticals (NEU.AU), Propel Funeral Partners (PFP.AU), Chrysos (C79.AU), Calix Ltd (CXL.AU), Cyclopharm (CYC.AU), EBR Systems (EBR.AU), Electro Optic Systems Holdings (EOS.AU), Helloworld Travel (HLO.AU), Integral Diagnostics (IDX.AU), Navigator Global Investments (NGI.AU), SG Fleet Group (SGF.AU), Worley (WOR.AU), Zip Co (ZIP.AU), Nine Entertainment Co. Holdings (NEC.AU), Smartgroup (SIQ.AU), Adairs (ADH.AU), Ainsworth Game Technology (AGI.AU), AVJennings (AVJ.AU), City Chic Collective (CCX.AU), Duratec (DUR.AU), Flight Centre (FLT.AU), Fortescue (FMG.AU), GTN (GTN.AU), Karoon Energy (KAR.AU), K&S Corp. (KSC.AU), Lynas Rare Earths (LYC.AU), Pacific Smiles Group (PSQ.AU)

    • New Zealand:

      • Earnings:

        • Scales Corp. (SCL.NZ), Meridian Energy (MEL.NZ)

    • Malaysia:

      • Earnings:

        • Sime Darby (4197.MK)

    • Singapore:

      • Earnings:

        • Wing Tai Holdings (W05.SP)

    • Taiwan:

      • Earnings:

        • Chailease Holding (5871.TT)

  • Market Data:

    • Gold (Dec 24): ($2.50) or (0.10%) to $2552.70

    • WTI Crude (Oct 24): ($0.26) or (0.34%) to $77.16

    • $-¥: +0.12 or +0.08% to 144.4670

    • $-KRW: +1.21 or +0.09% to 1325.8300

    • A$-$: (0.00) or (0.34%) to 0.6770

    • $-INR: +0.05 or +0.06% to 83.8663

    • $-CNY: (0.00) or (0.07%) to 7.1184

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