Wealth curve

Hong Kong stocks HSI opened lower by 0.22% Lenovo Group turn

At the opening of the day, the Hong Kong stock Hang Seng Index (28511.3, -2.75, -0.01%) opened 0.22% lower at 28,450 points; the HSCEI rose 0.15% to 11246.79 points; the red chip index rose 0.06% to 4521.2 points. Gaming stocks, paper stocks, Chinese banks and Chinese property stocks were among the top gainers, while oil stocks fell.
Lenovo Group (6.49, 0.53, 8.89%) rose 6.54% to 6.35 yuan. Lenovo Group disclosed on the Hong Kong Stock Exchange this morning. The company's fourth quarter revenue increased 8% year-on-year to US$14.04 billion, the sixth consecutive year. The quarter saw a year-on-year increase; gross profit was US$2.05 billion, up 17% year-on-year; net profit was US$233 million, a significant improvement from the loss of US$289 million in the same period last year.
Chinese home buyers (8.84, -0.20, -2.21%) fell 1.77% to 8.88 yuan. Chinese Real Estate announced that it expects net profit to fall by 68% to 78% in 2018. Evergrande shares have not realized a fair value loss of approximately HK$3.1 billion.