Research from Quam Securities, Quam Securities

Quam Securities Research

Research from Quam Securities

Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Macroeconomics

<ul><li>The HSI opened up 210 pts before extending gains, once rising 434 pts to a peak of 24,774.</li><li>The index closed at 24,681, up 340 pts or 1.4%, tracking Wall Street higher after softer-than-expected US inflation data eased concerns over near-term Federal Reserve interest rate hikes.</li><li>GDP growth slowed to 4.3% year-on-year in the second quarter from 5.0% in Q1, missing market expectations of 4.5%.</li></ul>

The HSI opened up 210 pts before extending gains, once rising 434 pts to a peak of 24,774.The index closed at 24,681, up 340 pts or 1.4%, tracking Wall Street higher after softer-than-expected US inflation data eased concerns over near-term Federal Reserve interest rate hikes.GDP growth slowed to 4.3% year-on-year in the second quarter from 5.0% in Q1, missing market expectations of 4.5%.

China

Giant Network Group Co., Ltd. develops online games. The Company mainly develops, operates, and sells computer terminal network game and mobile terminal network game products. Giant Network Group provides services in China.

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Giant Network Group Co Ltd (002558 CH)

Quam Morning Note (16 Jul)

The HSI opened up 210 pts before extending gains, once rising 434 pts to a peak of 24,774. The index closed at 24,681, up 340 pts or 1.4%,...

Quam Securities

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