HK exchange CEO says list exciting companies like Pop Mart, Mixue to keep stock market hot
SINGAPORE - After years of sluggishness, Hong Kong's stock market has rebounded to rank among the world's top venues for initial public offerings (IPOs), with record trading as capital shifts from the US to Asia.
Average daily turnover in the first seven months jumped 124 per cent to a record HK$243.7 billion (S$40 billion), the highest level on record. A total of 53 companies have listed on the bourse in 2025 so far, compared with 40 in the whole of 2024, while IPO proceeds are up by 611 per cent to HK$127.9 billion, data from the Hong Kong Exchanges and Clearing (HKEX) showed.
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China Everbright Water H1 net profit slips 3% to HK$563.8 million on revenue decline
[SINGAPORE] Dual-listed China Everbright Water on Tuesday (Aug 12) posted net profit of HK$563.8 million (S$92.3 million) for the six months ended Jun 30, a decline of 3 per cent from HK$581.1 million in the year-ago period. The company declared an interim dividend of HK$0.0609 per ordinary share, unchanged from the interim dividend it declared for H1 2024. Its earnings per share (EPS) stood at HK$0.1971, down 3 per cent from an EPS of HK$0.2031 previously. For the half year, the water environmental management company's revenue stood at HK$3.3 billion, 2 per cent lower than HK$3.4 billion in H1 2024. The topline decline was driven in part by lower contributions from its construction service segment, which posted lower revenue at HK$1.2 billion, compared with HK$1.4 billion previously. Gross profit margin rose by 4 percentage points on the year to 42 per cent, from 38 per cent. Gross profit was up 8 per cent at HK$1.4 billion, from HK$1.2 billion previously. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Earnings before interest, taxes, depreciation and amortisation stood at HK$1.2 billion, largely unchanged from the same period last year. In H1 2025, the company secured several asset-light projects and service contracts, amounting to a contract value of around 60 million yuan (S$10.7 million). As at Jun 30, 2025, it had investments in and held 170 environmental projection projects, with a total investment of around 31.6 billion yuan. The company noted that it had faced industry pressures and challenges, amid a 'volatile market environment', for the six-month period. It added that it continued to realign its business strategy in H1 2025, and made progress in traditional and emerging business areas as well as asset-light and asset-heavy business models, while expanding its business within and outside mainland China. Shares of China Everbright Water were trading at S$0.26, up 2 per cent or S$0.005, as at the midday trading break on Tuesday.
Business Times
13 hours ago
- Business Times
China Everbright Water H1 net profit slips 3% to HK$563.8 million
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Business Times
13 hours ago
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Hong Kong builder Parkview seeks loan extension as talks drag on
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