In today’s briefing:
- Global Emerging Markets: Reporting Season Summary, 1Q2024
- Hong Kong Buybacks Weekly (Apr 5th): Tencent, CK Asset, Xiaomi
Global Emerging Markets: Reporting Season Summary, 1Q2024
- During 1Q2024, the 200 largest weighted companies in the GEM index reported average EPS growth of +8.7%y/y, down slightly from the +10.1% reported during 4Q2023.
- Only 47% of companies delivered positive EPS surprises, and only 44% delivered positive Sales surprises, a sharp correction from the positive trend witnessed during 2023.
- Historically, there has been a significant difference in relative share price performance between the largest positive versus negative surprise generators, for 3 months after the reporting date.
Hong Kong Buybacks Weekly (Apr 5th): Tencent, CK Asset, Xiaomi
- We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Apr 5th based on HKEx daily reports.
- In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), CK Asset (1113 HK), Xiaomi (1810 HK).
- In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), CK Asset (1113 HK).
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