Latest news with #Hong Kong
South China Morning Post
2 hours ago
- Entertainment
- South China Morning Post
Dozens of Hong Kong, overseas Tottenham fans gather for club-themed drone show
Dozens of spectators, largely local and overseas Tottenham Hotspur fans, arrived hours before a drone show on Wednesday night at the Hung Hom waterfront as the city celebrated its first major football festival. Advertisement As many fans stood just outside or inside the Kerry Hotel in hopes of attracting their favourite players' attention, others walked around the premises and along the harbourfront to get a prime view of the show, which is due to start at 7.30pm. 'It's my first time seeing it, and I'm looking for something a little flashy,' said Ha Byung-jun, a 21-year-old student and Tottenham fan from South Korea. The drone show will feature dynamic Tottenham-themed animations and images, paying tribute to the club's storied heritage and passionate global supporters, designer OWOWWW Creative (Hong Kong) said. According to the Tottenham Hotspur Football Club's website, the drone show aims to mark the team's very first north London derby game outside the UK against Arsenal, and pay tribute to the club's history. Advertisement For some Tottenham fans, the show also provided an opportunity for them to see their favourite team at the hotel, with some even arriving early in the hopes of getting a photo with or an autograph with their favourite players. Among them was Caleb Shun, a 20-year-old local Tottenham fan, who said he had been outside the hotel with his friends since midmorning to get an autograph and a photo with South Korean Son Heung-Min, the club's captain and forward.
Yahoo
2 hours ago
- Automotive
- Yahoo
BYD's Shenzhen Share Split Could Boost Stock After Retreat
(Bloomberg) -- A three-for-one stock split for BYD Co.'s mainland-traded shares could be a positive catalyst for the carmaker after a weeks-long slump. Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy Its Shenzhen-listed stock trades ex-dividend on Tuesday, taking into account a bonus issue and capitalization issue announced in April. This will lower the price for one lot of 100 shares to around 11,000 yuan ($1,532), down from roughly 34,000 yuan per lot on Monday, a potential boon onshore where retail investors are more active. They're also highly sensitive to the minimum amount required to own shares of the company. 'The stock split is likely to bring in new retail interest as each share drops to a third of the price before trading ex-dividend,' according to He Wenping, managing director at Beijing Youhe Private Equity Management. 'However, these levels may still be too expensive for the bulk of mom-and-pop traders.' While BYD's Hong Kong-listed stock rose in the lead up to its ex-dividend date last month, there was no apparent boost afterward. This may have been because a lot size of 500 shares on the exchange meant at least HK$70,000 was needed to buy the stock after the split, which may have deterred smaller investors. Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Elon Musk's Empire Is Creaking Under the Strain of Elon Musk ©2025 Bloomberg L.P.
Bloomberg
2 hours ago
- Business
- Bloomberg
Prada's Sales Miss Estimates Amid Challenging Luxury Backdrop
Prada SpA 's sales rose less than expected in the first half of the year, as demand slowed for the Italian fashion group's eponymous brand amid a broader slump in the luxury market. Net revenue for the group rose 9% at constant currencies, the Hong Kong-listed company said Wednesday, below analyst estimates. Sales at the Prada brand slid 2% against a 'challenging' and 'somewhat unprecedented' backdrop, the company said.
South China Morning Post
2 hours ago
- Business
- South China Morning Post
Hang Lung earnings drop 14% as developer flags risks from tariff war, interest rates
Hong Kong developer Hang Lung Properties expects the city's retail sector to remain sluggish this year amid a prolonged industry slump, while an unresolved tariff war with the US keeps businesses and consumers in mainland China is limbo. 'The recent trade disputes and escalating restrictions between the US and China have created uncertainties in the global economy,' chairman Adriel Chan said in a statement after reporting weak first-half results on Wednesday. This could stall interest-rate cuts, which could be detrimental to consumer spending and business expansion, he added. The commercial landlord, residential developer and hotel owner said earnings fell 14 per cent year on year to HK$912 million (US$116.2 million) in the six months to June 30, while revenue declined 19 per cent to HK$4.97 billion. It trimmed total borrowings by 4.5 per cent to HK$54.8 billion from the end of last year. Hang Lung owns shopping malls including The Peak Galleria on The Peak, Hong Kong's most exclusive residential enclave, and Fashion Walk in Causeway Bay. Its major assets in mainland China, which include Grand Gateway 66 and Plaza 66 in Shanghai, contribute about two-thirds of the group revenue. CEO Weber Lo says Hang Lung will focus on retaining tenants and occupancy rates. Photo: Edmond So Hang Lung faced a blowback in consumer spending on both sides of the border in the first half. Retail sales in Hong Kong shrank for 14 straight months before rebounding in May. China's real estate sector also struggled as households boosted savings despite various policies to spur spending amid concerns about the economy's outlook.
Bloomberg
3 hours ago
- Business
- Bloomberg
Hong Kong Floats Looser Capital Rules to Woo Mainland Homebuyers
Hong Kong is seeking ways to ease capital transfer rules for mainland professionals buying property, in a bid to revive its flagging real estate market. The city is in talks with China's central government to study whether a 'suitable framework' could allow more flexible fund transfers without triggering capital flight, Financial Secretary Paul Chan said in a press briefing on Wednesday. Chan's comments were made during discussions on Hong Kong's business environment.
