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On August 20th, CSPC Pharmaceutical Group (01093.HK) announced in Hong Kong that for the first half of 2026, the Group recorded revenue of RMB18.594 billion and reported profit attributable to shareholders of RMB6.094 billion, representing increases of 40.1% and 139.2% respectively compared to the same period last year. Excluding fair value changes of financial assets measured at fair value through profit or loss and share-based employee compensation expenses, the basic profit attributable to shareholders was RMB6.164 billion, an increase of 165.8% compared to the same period last year. Basic earnings per share were RMB0.5345, an increase of 139.8% compared to the same period last year.On August 20th, Zhenro Properties (06158.HK) announced that on August 20, 2026, it had submitted a term sheet containing the proposed terms of an overall offshore debt management plan to several creditors. Key terms of the term sheet include debt cancellation and full release of obligations to related parties, and the pro rata issuance of new company shares to creditors who have approved the scheme. The offshore restructuring plan and scheme are still subject to agreements with creditors and the fulfillment of certain preconditions.Traders: The Reserve Bank of India may be selling dollars to support the rupee.On August 20th, Chery Automobile (09973.HK) announced in Hong Kong that it achieved operating revenue of RMB 143.28 billion in the first half of 2026, a year-on-year increase of 1.2%; net profit attributable to shareholders of the parent company was RMB 8.567 billion, a year-on-year decrease of 11.7%; gross profit was RMB 23.044 billion, with a gross profit margin of 16.1%, a year-on-year increase of 3.1 percentage points. R&D investment during the reporting period was RMB 6.672 billion, a year-on-year increase of 28.3%. The Board of Directors did not declare an interim dividend for the reporting period.On August 20th, AAC Technologies (02018.HK) released its interim results for 2026. The companys revenue reached a new high of RMB 14.51 billion, a year-on-year increase of 8.9%, with the acoustics and electromagnetic drive business, automotive acoustics business, and thermal management business contributing the main growth. The groups gross profit margin was 22.4%, an increase of 1.7 percentage points year-on-year, mainly due to a better product structure and higher operational efficiency. Net profit increased by 2.9% year-on-year to RMB 901 million. Excluding other gains and losses related to fair value gains and losses, the net profit growth rate for the first half of 2026 was 37.4%. In the first half of 2026, revenue from the optical business was RMB 2.05 billion, a year-on-year decrease of 22.7%, mainly due to a decrease in shipments of optical modules and lenses affected by the decline in global smartphone sales.

Natural Gas Price Analysis: XNG/USD appears poised to retest multi-month lows close to $2.00

Alina Haynes

Mar 29, 2023 14:25

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Natural Gas (XNG/USD) maintains losses near $2.20 as bears test the yearly low established in February. In doing so, the energy quotation remains lethargic following two consecutive days of decline.

 

The XNG/USD bears applaud the sustained trading below a two-week-old descending resistance line, around $2.27 at the time of writing, amidst bearish MACD signals and the absence of an oversold RSI. (14).

 

Consequently, the price of natural gas appears poised to fall below the yearly low of $2.13, which accentuates the $2.00 psychological magnet.

 

However, the early July 2020 high around $1.97 and the 61.8% Fibonacci Expansion (FE) of its moves during early January-March 2023, around $1.80, could challenge the Natural Gas skeptics later, in conjunction with a likely oversold RSI line.

 

In contrast, a break above the stated immediate resistance line, near $2.27, is not an open invitation to Natural Gas purchasers, as another downward-sloping trend line from the beginning of the year, near $2.40 at the latest, functions as a further check on the XNG/USD bulls.

 

If the price manages to remain firmer than $2.40, there is no reason to rule out a rally toward the mid-March high of $2.75.