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UBS has raised its target price for BUD APAC (01876.HK) from HKD 8.2 to HKD 9.16, maintaining a Buy rating. The company is focused on revenue growth in Mainland China for 2025, aiming to enhance its brand portfolio and market share through strategic partnerships, particularly in coastal regions. Despite a conservative industry outlook predicting a decline in beer sales volume, UBS anticipates a gradual recovery in consumer confidence and spending.
HSBC Holdings executed a bullish block trade of 107.6K shares at $91.8, resulting in a turnover of $9.878 million. The bank also repurchased approximately 5.91 million shares for a total of $530 million last Friday. Meanwhile, brokers anticipate AIA will achieve over 18% growth in 2024 VONB, with attention on potential new share buyback plans.
HSBC Holdings plc announced the purchase of 2,251,423 ordinary shares in the UK and 2,948,000 shares on the Hong Kong Stock Exchange on March 3, 2025, as part of its buy-back program initiated on February 20, 2025. The total repurchased shares since the program's start amount to 37,293,637, costing approximately US$425.5 million. Following the cancellation of the UK shares, the issued ordinary share capital will be 17,805,379,376 shares with voting rights.
The HSI closed at 23,006, up 64 points, while the HSTI fell to 5,535, down 32 points. Xinyi Solar surged over 8%, and BOC Hong Kong, HSBC Holdings, Jiangsu Express, and Fosun Tourism reached new highs. Market turnover increased to $301.90 billion, with notable movements among heavyweights and constituents.
Shares of Mixue Group surged nearly 30% in their Hong Kong Stock Exchange debut on March 3, following an IPO that raised US$444 million, with shares initially priced at HK$202.5 (US$26.04) and trading at HK$262 (US$33.68). The offering attracted record retail investor interest, with applications for HK$1.8 trillion (US$231.4 billion) in margin loans, making it one of the most highly subscribed IPOs in Hong Kong history, second only to Bloks Group’s offering in January.
HSBC Holdings has repurchased approximately 5.91 million shares for a total of HK$530 million. The buyback occurred on Friday, March 28, across the UK and Hong Kong markets.
HSBC Holdings has repurchased approximately 5.83 million shares for a total of HK$521 million this year. The buyback included 2.894 million shares in the UK at an average price of GBP9.1365 and 2.934 million shares in Hong Kong at an average price of HKD89.1362.
Xiaomi's founder and CEO, Lei Jun, has become China's richest person, with his wealth estimated at approximately 440 billion yuan (around US$60.6 billion) following a nearly 6% increase in the company's shares, raising its market value to over HK$1.4 trillion (around US$180 billion). His fortune is primarily attributed to a 24.2% stake in Xiaomi, valued at around 341.2 billion yuan (around US$46.99 billion), and a 51% stake in Shunwei Capital. Analysts remain optimistic about Xiaomi's growth, with Goldman Sachs raising its stock price target from HK$38 to HK$58.
HSBC Holdings plc has initiated a buy-back program, repurchasing 2,553,474 shares on UK venues and 2,971,600 shares on the Hong Kong Stock Exchange, totaling 20,358,389 shares since February 20, 2025. This strategic move aims to enhance shareholder value and optimize the company's capital structure, with further announcements expected regarding voting rights after the cancellation of shares.
Singapore-based semiconductor equipment maker ASMPT reported a staggering 94.4% drop in net profit for Q4 2024, totaling HK$4.2 million (US$537,000), despite steady revenue of HK$3.4 billion (US$434 million). Following a 16.6% decline in stock price, CEO Robin Ng highlighted challenges in non-AI sectors and emphasized a strategic pivot towards AI applications to meet the growing demand for AI chips and infrastructure.
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