Hong Kong stocks in focus: US equity markets ended higher, Hong Kong markets due to resume trading after recent holidays; China announced deaths from the coronavirus have risen to 132 from 106
- (CN) China updates on Coronavirus: 5,974 cases v 4,515 yesterday; Deaths 132 v 106 prior
- (CN) Chinese press reports suggest medical experts in China are already working on a coronavirus vaccine, which could potentially be ready in a matter of months
- (HK) Hong Kong Chief Exec Lam: Need to lower the travel between HK and China; Flights from China to Hong Hong to halve
- (CN) Reportedly China suspends issuing travel permits to Macau – press
- (US) Follow Up: White House is monitoring China/US flights, decided against suspending air traffic - financial press
- (CN) China PBoC: To offer abundant liquidity after Lunar New Year holiday via Open market Operations (OMOs)
- China markets to resume trading next Monday, Feb 3rd
- Capitaland [CAPL.SG]: Sets up special task force for China operations; Has closed both of its malls in Xi'an (China), remaining 45 malls in China will operate with shorter hours
- Apple [AAPL]: Reports Q1 $4.99 v $4.54e, Rev $91.8B v $87.7Be; Guides Q2 Rev $63-67B v $62.5Be
Consumer Discretionary
Fosun Tourism expects coronavirus to cut revenues of tourism operations in China – US financial press
6862.HK Haidilao International: To close all restaurants across China from Jan 26-31, to help contain spread of virus
Health care
2005.HK SSY Group: Notes antiviral drug Abidol Capsule has been included under list of emergency procurements in China
Industrials
66.HK MTR: Need extra travel time on East Rail line