Top Sector Gainers
|Motor Vehicles||+8.3%||Tesla delivers almost 1 million cars globally|
|Oilfield Services & Equipment||+5.4%||Opec sees tighter first quarter as it considers output hike|
|Semiconductors||+2.7%||Global semiconductor industry forecasts for 2022|
Top Sector Losers
|Homebuilding||-3.0%||Mortgage rate forecast for January 2022: Higher rates ring in the New Year|
|Precious Metals||-2.0%||Gold price extends loss with bond yields, equities rallying|
|REITS||-0.6%||These 3 US REITs Are Poised for Major Growth in 2022|
- Tesla (TSLA US) shares surged 7.4% in the premarket before closing 13.5% higher on news that it delivered 308,600 vehicles during the fourth quarter, well above analyst expectations of 263,026. Wall Street analysts had anticipated Tesla deliveries of 267,000 in the fourth quarter and 897,000 for all of 2021.
- Apple (AAPL US) climbed 2.5% to an all time closing high yesterday. The company’s stock market value briefly rose above $3 trillion, being the first company to ever do so, before closing at $182.01 with a market capitalization of $2.99 trillion.
- Electric vehicle makers Nio (NIO US), Li Auto (LI US) and Xpeng (XPEV US) released their yearly and quarterly updates for 2021. NIO’s vehicle delivery increased 49.7% YOY to 10,489 vehicles in December 2021, and delivered a record-breaking 25,034 vehicles in the fourth quarter of 2021. XPeng delivered 16,000 Smart EVs in December 2021, reflecting a 181% jump. Fourth-quarter 2021 saw deliveries of 41,751 units, including 21,342 P7 deliveries, up 222% year over year. Li Auto saw deliveries of 14,087 Li ONEs in December 2021, representing a 130% YOY jump. Total deliveries in 2021 skyrocketed 177.4% to 90,491. Stocks of the trio gained 2-2.8% in the premarket.
- Mapletree Commercial Trust (MCT SP) units plunged 4% to a near 14-month low while Mapletree North Asia Commercial Trust (MAGIC SP) units jumped 3.6%. Managers of the Reits proposed a merger of both MCT and MNACT, a move that is expected to propel the combined entity to become one of Asia’s largest Reits.
- mm2 Asia (MM2 SP) shares soared as much as 10% yesterday after the company announced that the sales and purchase agreement between mm2 and investment firm Kingsmead Properties for mm2’s cinema business has fallen through. mm2 Asia previously announced that it had signed a deal with Kingsmead to sell its cinema business (operating under the Cathay brand) for $84.8 million. The proposed sale was to be completed by 31 December. Kingsmead has chosen to exercise its exchange right, and will instead exchange its deposit of $6 million for 75 million newly issued mm2 shares at $0.08 per share.
- Golden Agri-Resources (GAR SP) shares lost as much as 4.1% yesterday before closing flat, after the company announced changes to its board. Lew Syn Pau and Foo Meng Kee previously resigned on 31 December after serving more than nine years as non-executive independent directors. Replacing them are Willy Shee (former chairman, Asia at CBRE) and Soh Hang Kwang, a former vice-chairman and regional head global corporate clients Asia at Rabobank.
- China Everbright Water (CEWL SP) shares jumped 6.4% after the company announced that it has secured a waste water treatment project at Ji’nan International Centre for Medical Sciences in Shandong, China worth 319.5 million yuan.
Top Sector Gainers
|Consumer Electronics||5.03%||Tech stocks in Hong Kong surge in shortened trading day for multiple Asia-Pacific markets|
|Leisure & Recreation||+4.39%||China curbs New Year’s Eve celebrations to reduce Covid-19 infection risks|
|Biotechnology||3.82%||CN NHSA, NATCM: To Include TCM Decoction Pieces; CN Patent Drugs in Medical Insurance Coverage List|
Top Sector Losers
|Soft Drinks||-0.43%||NAYUKI Peng Xin Eyes Overseas Expansion to New York|
|Petroleum & Gases||-0.32%||ESG shares underperform oil and gas in 2021|
|Investments & Assets Management||-0.13%||CHINA HUARONG Completes Issuance of Domestic Shrs, H-shrs; CHINA LIFE Holds 2.4% Stake|
- China Resources Pharmaceutical Group Ltd (3320 HK), China Traditional Chinese Medicine Holdings Co Ltd (570 HK). Traditional Chinese medicine stocks rose collectively yesterday. Shares surged 31.5% and 20.5% respectively. China’s National Healthcare Security Administration (NHSA) and National Administration of Traditional Chinese Medicine (NATCM) issued a guidance opinion on supporting the tradition of Chinese medicine through medical insurance, designating that qualified traditional Chinese medicine decoction pieces and Chinese patent drugs, along with other relevant medicine products, will be included in the country’s medical insurance coverage list. The company expected some of its medicines to be included in the list.
- China Datang Corp Renewable Power Co Ltd (1798 HK), China Suntien Green Energy Corp Ltd (956 HK). Wind power stocks rose collectively yesterday. Shares rose 10.9% and 10.2% respectively. On December 31, 2021, the National Development and Reform Commission stated that currently, the first batch of large-scale wind power photovoltaic base projects have generated about 75 million kilowatts, and the remaining projects will start in the first quarter of 2022. Since mid-October 2021, large-scale wind power photovoltaic base projects in Inner Mongolia, Shaanxi, Gansu, Qinghai, Ningxia and other places have started one after another.
- China Evergrande New Energy Vehicle Group Limited (708 HK) shares rose 10.85 yesterday. China Evergrande New Energy Vehicle Group started its first mass production last Thursday, two sources with direct knowledge of the matter said. Mass production for its inaugural Hengchi 5 sport-utility vehicles at its Tianjin production facilities came 12 days ahead of schedule, the people said, and the firm plans to hold an official ceremony in the next two weeks.
Trading Dashboard Update: Add iFAST (IFAST SP) at S$8.26. Remove Grand Venture Technology (GVTL SP) at S$1.18.
(Click to enlarge image)