China’s Major Banks, Country Garden Held Back as Stimulus Expectations Grow
Industry and Commercial Bank Ltd., China Construction Bank Corp., China Agriculture Bank Ltd. and Bank of China Ltd. He probably saw gains affected by the demand for weak loans between limited government incentives and a stagnant economy.
“More mortgages and consumer loans may deteriorate even if the quality of corporate loan may seem flexible, housing collapse, US tariffs and domestic deflation, Bol said Bloomberg intelligence analysts Francis Chan and Nicholas NG. The first half, the results, the rest of the year can show silent gains, he added.
China’s economy pursued the deepest slowdown of the year in July and increased more incentive expectations this year to resist the impact of the trade war.
Developer Country Garden Holdings Co., the property sector was reported as a forced report. The country’s housing crisis reached a gloomy milestone with the list of China Evergrande Group in Hong Kong.
Bi, concentrated competition can increase e-commerce earnings and Meituan and Alibaba Group Holding Ltd. such as big players may be at risk, he said. JD.com Inc.’s earnings showed the food distribution bet that threaten to reshape a landscape dominated by the two officials.
IMPORTANT POINTS TO BE CONSIDERED:
Monday: President Donald Trump implies that Apple Inc.’s semiconductor tariffs may be exempt from the semiconductor tariffs. BI said that strong growth in automotive and communication segments should help diversify income sources. The company is also preparing for a Hong Kong list earlier this year.
Tuesday: Petrochina’s three -month income fell for a fifth quarter in a row, with weaker oil prices and weakening of downward demand.
Wednesday: Meituan probably saw a 27% decrease in the second quarter -corrected snow, which has been cope with intense competition since 2021. Together with two competitors, the company was called by a Chinese regulator in July, and “rational” competitions were told with promotions to prevent a price war. Jefferies said that investments in the Middle East have reduced its activity profit.
Thursday: Cosco Shipping’s second quarter income should fall in turn due to the decrease in container load rates and lower volumes in the midst of the US-China trade war. Last month, familiar people said that the state’s parent company had negotiations to participate in the consortium to buy the overseas ports of Hong Kong Tygon Li Ka-shing.
Friday: China Agricultural Bank, China Bank, China Construction Bank and ICBC, the country’s central bank may see that margins are decreasing if it continues to bring measures to maintain economic acceleration for the rest of the year.
Note: The next Asian Earning Week will return in October.
This article was created from an automatic news agency feeding without changing the text.
