Maureen Fung Steps Down as Executive Director of SHK PPT Citing Health Concerns
Executive Resignation: Maureen Fung has resigned as an Executive Director of SHK PPT effective February 3, 2026, due to health issues.
Corruption Allegations: Fung was reportedly suspended due to her involvement in a corruption case linked to the IAPM mall in Shanghai, concerning marketing and advertising activities.
Short Selling Activity: SHK PPT has experienced significant short selling, with a total of $312.91 million and a short selling ratio of 46.460%.
Market Outlook: Citi has projected greater earnings per share upside potential for Hong Kong developers in 2026-2027, recommending SHK PPT among others.
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SHK PPT Allegedly Pursuing Minimum $5 Billion Loan Over Five Years
Loan Acquisition: SHK PPT is seeking a five-year loan of at least $5 billion, with potential for a larger amount depending on bank responses, according to Bloomberg sources.
Stock Performance: The company's share price opened 0.42% higher and peaked at $123.2, closing at $122.7 with a 2% increase and a trading volume of 4.2167 million shares.
SHK PPT Examines Alleged Incidents Involving Maureen Fung and Commits to Necessary Follow-Up Measures
Executive Resignation: Maureen Fung has resigned as Executive Director of SHK PPT due to health issues, effective immediately.
Corruption Allegations: Fung was previously suspended amid allegations of involvement in a corruption incident related to shopping mall operations in China.
Company's Response: SHK PPT is reviewing recent media reports concerning Fung and plans to take appropriate follow-up actions.
Market Activity: SHK PPT's stock saw a short selling of $312.91 million, with a short selling ratio of 46.460%.
Maureen Fung Steps Down as Executive Director of SHK PPT Citing Health Concerns
Executive Resignation: Maureen Fung has resigned as an Executive Director of SHK PPT effective February 3, 2026, due to health issues.
Corruption Allegations: Fung was reportedly suspended due to her involvement in a corruption case linked to the IAPM mall in Shanghai, concerning marketing and advertising activities.
Short Selling Activity: SHK PPT has experienced significant short selling, with a total of $312.91 million and a short selling ratio of 46.460%.
Market Outlook: Citi has projected greater earnings per share upside potential for Hong Kong developers in 2026-2027, recommending SHK PPT among others.
HSI Jumps 54 Points at Midday, Weighed Down by TENCENT and KUAISHOU; Banks and Homebuilders Rise
Market Overview: The HSI rose by 54 points (0.2%) to 26,830, while the HSCEI fell by 19 points (0.2%) to 9,060, and the HSTECH dropped by 72 points (1.3%) to 5,453, with a total half-day turnover of $195.285 billion.
Tech Sector Performance: Major tech stocks like TENCENT and BIDU-SW saw significant declines of 4.1% and 3.8%, respectively, with TENCENT's turnover nearing $26 billion, while other tech companies also experienced losses.
Banking Sector Gains: Banks such as HSBC and BOC HONG KONG reported gains of 2.3% and 2.5%, respectively, contributing to a positive trend in the banking sector, alongside notable increases in Chinese insurers.
Commodity and Real Estate Stocks: Commodity prices rose, with companies like ZIJIN GOLD INTL and CMOC increasing by over 4%, while Hong Kong homebuilders also saw gains, with HENDERSON LAND and SHK PPT rising by 2.1% and 1.7%.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
<Midday Update> HSI Falls by 498 Points; HSTI Declines by 105 Points; CSPC PHARMA Drops Over 12%; SHK PPT and HUABAO INTL Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 498 points (1.8%) to 27,469, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.8% and 2.1%, respectively.
Active Heavyweights: Major stocks like Xiaomi, Alibaba, and Tencent saw significant drops, with Xiaomi down 2.7%, Alibaba down 2.7%, and Tencent down 1.5%, alongside substantial short selling activity.
Notable Declines: CSPC Pharma and Zijin Mining faced sharp declines of 12.5% and 8.6%, respectively, with high short selling ratios indicating bearish market sentiment.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental up 3.6% and Huabao hitting a new high with a 6.2% increase.
SHK PPT Allegedly Pursuing Minimum $5 Billion Loan Over Five Years
Loan Acquisition: SHK PPT is seeking a five-year loan of at least $5 billion, with potential for a larger amount depending on bank responses, according to Bloomberg sources.
Stock Performance: The company's share price opened 0.42% higher and peaked at $123.2, closing at $122.7 with a 2% increase and a trading volume of 4.2167 million shares.
SHK PPT Examines Alleged Incidents Involving Maureen Fung and Commits to Necessary Follow-Up Measures
Executive Resignation: Maureen Fung has resigned as Executive Director of SHK PPT due to health issues, effective immediately.
Corruption Allegations: Fung was previously suspended amid allegations of involvement in a corruption incident related to shopping mall operations in China.
Company's Response: SHK PPT is reviewing recent media reports concerning Fung and plans to take appropriate follow-up actions.
Market Activity: SHK PPT's stock saw a short selling of $312.91 million, with a short selling ratio of 46.460%.
Maureen Fung Steps Down as Executive Director of SHK PPT Citing Health Concerns
Executive Resignation: Maureen Fung has resigned as an Executive Director of SHK PPT effective February 3, 2026, due to health issues.
Corruption Allegations: Fung was reportedly suspended due to her involvement in a corruption case linked to the IAPM mall in Shanghai, concerning marketing and advertising activities.
Short Selling Activity: SHK PPT has experienced significant short selling, with a total of $312.91 million and a short selling ratio of 46.460%.
Market Outlook: Citi has projected greater earnings per share upside potential for Hong Kong developers in 2026-2027, recommending SHK PPT among others.
HSI Jumps 54 Points at Midday, Weighed Down by TENCENT and KUAISHOU; Banks and Homebuilders Rise
Market Overview: The HSI rose by 54 points (0.2%) to 26,830, while the HSCEI fell by 19 points (0.2%) to 9,060, and the HSTECH dropped by 72 points (1.3%) to 5,453, with a total half-day turnover of $195.285 billion.
Tech Sector Performance: Major tech stocks like TENCENT and BIDU-SW saw significant declines of 4.1% and 3.8%, respectively, with TENCENT's turnover nearing $26 billion, while other tech companies also experienced losses.
Banking Sector Gains: Banks such as HSBC and BOC HONG KONG reported gains of 2.3% and 2.5%, respectively, contributing to a positive trend in the banking sector, alongside notable increases in Chinese insurers.
Commodity and Real Estate Stocks: Commodity prices rose, with companies like ZIJIN GOLD INTL and CMOC increasing by over 4%, while Hong Kong homebuilders also saw gains, with HENDERSON LAND and SHK PPT rising by 2.1% and 1.7%.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
<Midday Update> HSI Falls by 498 Points; HSTI Declines by 105 Points; CSPC PHARMA Drops Over 12%; SHK PPT and HUABAO INTL Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 498 points (1.8%) to 27,469, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.8% and 2.1%, respectively.
Active Heavyweights: Major stocks like Xiaomi, Alibaba, and Tencent saw significant drops, with Xiaomi down 2.7%, Alibaba down 2.7%, and Tencent down 1.5%, alongside substantial short selling activity.
Notable Declines: CSPC Pharma and Zijin Mining faced sharp declines of 12.5% and 8.6%, respectively, with high short selling ratios indicating bearish market sentiment.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental up 3.6% and Huabao hitting a new high with a 6.2% increase.
