The group pointed out that the underlying profit performance in the second half of last year has improved significantly, with a profit of US$80 million, compared with a loss of US$52 million in the first half of last year. As the group continues to transform and help the business improve, it is expected to continue to improve this year, but it is necessary to monitor changes in inflation and consumer sentiment.
The Hong Kong business was affected by the fifth wave of the epidemic and lockdown measures last year, which caused significant changes in consumer behavior and put pressure on the supply chain and store operations. However, Mannings Pharmacy in Hong Kong can still increase its market share. The loss of Yonghui Supermarket in the mainland has narrowed, and the Southeast Asian market has benefited from the economic restart. However, the local people’s travel and other service needs, coupled with no longer eating at home, have reduced the demand for retail supermarket business.
DFI also pointed out that its share of the loss of the associated company was US$35 million. Among them, the joint venture Maxim’s Group returned to profitability in the second half of the year after a loss in the first half of last year. The group’s share of Maxim’s profit for the year was about US$38 million. At the same time, Yonghui Superstores, which has a share of the mainland market, suffered a loss of about US$80 million.
other reports
WeChat Pay HK: The number of cross-border consumption by Hong Kong people has increased by 7 times, and the number of users has exceeded 5 million as of February
Bilibili’s adjusted net loss expanded to 6.7 billion yuan last year
Yuzhou Lin Longan suggested that high-quality private enterprises be included in the list of credit enhancement to help public debt issuance
Retail Association: After customs clearance with the Mainland, the flow of people and business are quite satisfactory
China Securities Regulatory Commission: The investor identification code system will be implemented on March 20
Hang Seng’s 90th Anniversary Launches Lucky Draw to Give away Signature God of Wealth Gold Medal
Lenovo was repeatedly reduced by Yang Yuanqing
Hong Kong Stock Exchange: Will Open London Office
BEA Pushes Hong Kong Permanent Residents to Open Mainland Accounts by Witnessing
Yimai Tongying expects to earn nearly 1.5 times more than last year
The ratio of the short selling amount of the whole day to 21.7 billion rose to a one-month high, and the three major index ETFs accounted for the top three short selling amount
Fortune’s distributable income fell by 10% last year, and each fund unit distributed 0.4415 yuan
JPMorgan: Gambling stocks rated as outperforming the market are expected to have a potential 40% increase
Hong Kong’s January retail sales rose 7% year-on-year, beating market expectations
U.S. bonds and foreign exchange rebounded, Hang Seng Index closed down 190 points, turnover decreased by 28%, Beishui doubled the most in nearly a week
Gambling king’s sister Ho Yuen Hung dies at 106
Huawei International and New World jointly develop PropTech and promote it to the Greater Bay Area and overseas
Budweiser Asia Pacific: Beer sales in February increased by 20% year-on-year
Minority shareholders of HSBC intend to propose resolutions at the shareholders’ meeting, Ping An Insurance: Research will be conducted after the motion is made public
Liu Yixiang, the former director of the Finance and Treasury Bureau of the virtual insurance protection committee, is appointed as the independent director
The half-day short-selling amount was 10.9 billion, and the short-selling amount of South Hang Seng Technology was the largest
[There is a film: Buried]S&P index futures have the opportunity to test the low level
Hong Kong Broadband: I Squared said that it may propose to acquire the company to further discuss the resumption of trading in the afternoon