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Chinese Government to Again Merge State-Owned Nuclear Firms
Summary: State-owned nuclear companies China National Nuclear Corporation and China Nuclear Engineering Group Co. Ltd. have announced that they are discussing merger plans, according to 17ok.com. Detailed plans have not yet been settled. Why It Matters: The two companies have multiple publicly traded subsidiaries, including SUFA Technology Industry Co. (000777.SZ), China National Nuclear Power Co. (601985.SS) […] Read more
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Earnings Preview: Nike, Inc. Q3 2017 (NKE)
By: Craig Bowles Overview Nike Corporation (NKE) is slated to report 3Q 2017 earnings after the close on Tuesday, March 21st. The earnings release is expected at approximately 4:15 p.m. ET with a 5:00 p.m. conference call webcast available at Nike Investor Relations. The athletic footwear and apparel maker’s brand alone is valued at $10.7 […] Read more
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Earnings Preview: FedEx Q3 2017 (FDX)
By: Craig Bowles Overview FedEx Corporation (FDX) is slated to report 3Q 2017 earnings after the bell on Tuesday, March 21st. The earnings release is expected at approximately 4:15 p.m. ET with a 5:00 p.m. earnings conference call webcast available at FedEx Investor Relations. Results from FedEx are widely seen as a proxy for economic […] Read more
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Evergrande Agrees to Entrust Voting Rights in China Vanke to Shenzhen Metro
Summary: The Evergrande Group (3333.HK) signed a strategic partnership with the state-owned Shenzhen Metro Group on March 16, as reported by Tencent Finance. According to the pact, Evergrande will entrust its shareholder rights in China Vanke (000002.SZ), including voting rights, to Shenzhen Metro for one year. Shenzhen Metro is to cooperate with Evergrande in urban development […] Read more
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Earnings Preview: Nike, Inc. Q3 2017 (NKE)
By: Craig Bowles Overview Nike Corporation (NKE) is slated to report 3Q 2017 earnings after the close on Tuesday, March 21st. The earnings release is expected at approximately 4:15 p.m. ET with a 5:00 p.m. conference call webcast available at Nike Investor Relations. The athletic footwear and apparel maker’s brand alone is valued at $10.7 […] Read more
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Earnings Preview: FedEx Q3 2017 (FDX)
By: Craig Bowles Overview FedEx Corporation (FDX) is slated to report 3Q 2017 earnings after the bell on Tuesday, March 21st. The earnings release is expected at approximately 4:15 p.m. ET with a 5:00 p.m. earnings conference call webcast available at FedEx Investor Relations. Results from FedEx are widely seen as a proxy for economic […] Read more
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Xiaomi Teams Up with Digiworld Corp to Enter Vietnamese Market
Summary: Chinese electronics producer Xiaomi announced on March 15 that it has formed a strategic partnership with Vietnamese company, Digiworld Corporation, as reported by Tencent Holdings. On the same day, Xiaomi also officially released its product range in Vietnam for the first time, including Redmi Note 4, Redmi 4A and Xiaomi MIX. Why It Matters: […] Read more
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ZTE Corp Names Yimin Yin as New Chairman
Summary: Chinese telecommunications equipment producer ZTE Corporation (000063.SZ/0763.HK)  announced that the company has appointed Yimin Yin as its new Chairman, as reported by Eastmoney. The previous Chairman and President, Xianming Zhao, resigned from his role as Chairman but will still be ZTE’s President. Why It Matters: ZTE believes that this action can divide responsibilities of the […] Read more
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China Pacific Insurance Reports Premium Income for January and February
Summary: In a recent statement submitted to the Shanghai Stock Exchange, China Pacific Insurance (601601.SS/2601.HK) announced that the company’s total premium income from January 1 to February 28, 2017 was RMB 70.7 billion. Premium income from life insurance business totalled RMB 53.62 billion. Premium income from property insurance business totalled RMB 17.1 billion. Why It Matters: For the same period in […] Read more
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Guirenniao Plans to Buyout Weikang Gym for RMB 2.7 Bln
Summary: Chinese sportswear manufacturer Guirenniao Co. (603555.SS) recently announced plans to acquire a 100% stake in Weikang Gym Co. for RMB 2.7 billion, as reported by Stockstar.com. Guirenniao will use cash and stock to finance the acquisition, and the company plans to raise up to RMB 675 million to pay for this transaction. Why It […] Read more
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Earnings Preview: Adobe Systems Q1 2017 (ADBE)
By: Craig Bowles Overview Adobe Systems, Inc. (ADBE) is slated to report 1Q 2017 earnings after the close on Thursday, March 16th. The earnings release is expected at approximately 4:05 p.m. ET with a 5:00 p.m. conference call webcast at Adobe Investor Relations. Adobe operates in three segments: Digital Media, Digital Marketing, and Print Publishing. […] Read more
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Earnings Preview: Oracle Q3 2017 (ORCL)
By: Craig Bowles Overview Oracle Corporation (ORCL) is slated to report 3Q 2017 earnings after the bell on Wednesday, March 15th. The earnings release is expected at approximately 4:00 p.m. ET with a 5:00 p.m. conference call and live webcast available at Oracle Investor Relations. Given its size and influence, the reaction to Oracle’s earnings […] Read more
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Shanghai AtHub’s Data Center Contract with Alibaba Challenged by Regulator
Summary: The Shanghai Stock Exchange has challenged Shanghai AtHub’s (603881.SS) data center contract with Alibaba (BABA.NYSE), according to nbd.com. The shares of Shanghai AtHub continue to be halted from trading. Why It Matters: On March 8, Shanghai AtHub announced that the company had a signed contract with Alibaba to construct data centers. The total value […] Read more
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Bank of Communications Expects Its February New Loans to Fall
Summary: The Bank of Communications (601328.SS/3328.HK) expects its new loans amount in February to fall to RMB 850 billion, reports Tencent. In January, the People’s Bank of China (PBOC) announced that nationwide total new loans reached RMB 2.03 trillion. Why It Matters: When the PBOC revealed that the amount of new loans had reached RMB […] Read more
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China Unicom’s Reform Plan Awaiting Government Approval
Summary: Lu Yimin, the General Manager of China Unicom (600050.SS/0762.HK/CHU.NYSE), has said the company’s reform plan is awaiting government approval, as reported by yicai.com. Why It Matters: The reform plan includes attracting several private companies to become involved in the operations of the firm. Internet giants including Alibaba (BABA.NYSE) and Baidu.com (BIDU.NASDAQ) also reportedly will participate. The telecom industry […] Read more
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Securities Firms Hold Positive Views on China’s Banking Sector
Summary: China’s securities firms are holding positive views on its banking sector, as reported by Tencent. Why It Matters: Merchant Securities suggests that the prices of banking stocks are driven by nominal GDP numbers instead of real GDP numbers. The firm expects China’s nominal GDP to stabilize over the next 5-6 years which will provide […] Read more
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Leshi Shareholder Reportedly in Conflict with CEO
Summary: Xingen Capital, the second largest shareholder of Leshi Internet Information & Technology Corp. (300104.SZ), is reportedly in conflict with Jia Tingyue, the controlling shareholder and CEO of the company, according to Sohu. The share price of the firm is under pressure and fell more than 4% on March 2. Why It Matters: The conflict between […] Read more
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