介绍:
Chinese shares "too cheap to ignore": HSBC
New analysis by HSBC is suggesting now might be a good time to invest in the Chinese stock markets.
The bank's latest "China investment atlas" analysis notes many Chinese shares have fallen to levels well-below their 5-year average, suggesting these shares are -quote- "too cheap to ignore."
The investment prospectus does note there has been a large amount of negative economic data coming out of China so far this year, which has dampened investor confidence.
And at the same time, the value of the renminbi has dropped to its lowest level in a year.
Despite this, the HSBC analysis suggests that while it's still difficult to determine if the markets here in China have hit bottom, the underlying risks of investment have been minimized by the devaluation of many of the Chinese components on the market.
HSBC is estimating the broader value of the Shanghai Stock Exchange this year should finish at around 24-hundred.
Shanghai opened the trading day today at 2-thousand-54 points.
If the analysis comes to fruition, it could mean potential returns, including dividends for investors, in a range of between 11 and 24-percent by the end of next year.
HTC losses worse than expected
Taiwan mobile phone maker HTC is reporting a worse-than-expected loss through the first quarter of the year.
HTC is reporting a loss of 62 million US dollars.
This compares to the 2.8-million dollars the company earned during the same period last year.
HTC had been an early-market leader in smartphones equipped with Google's Android software.
However, the company has lost a lot of ground to rivals such as Samsung.
Despite this, HTC says it expects to return to profitability through this current quarter following the release of its HTC One M8 smartphone last month.
HTC is hoping to challenge market leaders Apple and Samsung with its latest model.
Shares in HTC dropped by 38-percent this past year.
Meanwhile, Samsung is also forecasting a drop in profits for the second quarter in a row.
It expects to bring in an operating profit of 7.9-billion US dollars through the first quarter.
This would be down 4-percent from the same period last year.
This follows a 6 percent decline in operating profits through the previous quarter.
Five Chinese brokers granted online business access
Five brokerage firms here in China have been given permission to take part in the online securities business, marking the country's first official approvals for the industry.
The brokers include CITIC Securities and Ping'an Securities.
Although no specific details have been released to the public, the e-brokerage services are expected to cover online purchases, financial management and stock transactions.
The five brokers are not the first in China to expand their business online.
Sinolink Securities, in collaboration with Tencent, began offering the sector's first online brokerage service, Yongjinbao, two months ago.
Call-in with Gao Shang
Anchor:
The price of gold is being closely watched by the global markets as the financial crisis continues to unravel.
Gold hit $13-hundred US dollars an ounce last week for the first time in seven sessions, following the release of US jobs data, reversing the previous week's loss of 1.3 percent.
Reports here in China are suggesting demand for gold is down because of the weakness of the renminbi.
Physical prices in Shanghai are below spot prices, compared to a premium of about 20-US dollars an ounce in January.
Chinese banks have also bought less gold over the past month due to falling demand.
For more on this, CRI's Shane Bigham spoke earlier with Gao Shang, commodities analyst with Guantong Futures.
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Gao Shang, commodities analyst with Guantong Futures, speaking with CRI's Shane Bigham.
S. Korea signs FTA with Australia for stable energy imports, auto exports
Visiting Australian Prime Minister Tony Abbott and South Korean President Park Geun-hye have signed-off on a new free trade agreement.
"We welcome the free trade agreement that our two countries have negotiated and like you, I think this will be very important in further deepening and strengthening, which is already a very strong economic bond."
The new agreement is expected to boost Australian farm exports to South Korea.
However, some Australian industries, including vehicle and automotive part production, may face increased competition from South Korean imports.
Tariffs of up to 300-percent will be eliminated on Australian agricultural exports such as beef, wheat, sugar, dairy, wine, horticulture and seafood, as well as resources, energy and manufactured goods.
South Korea is Australia's third biggest export market and fourth biggest trading partner, with two-way trade totaling 30-billion US dollars last year.
Tony Abbott is due to fly here to China tomorrow, where he's expected to sign off on a long-awaited FTA with China.
Abbott has already concluded the signing of a Free-Trade Agreement with Japan as part of the first stop on his current East Asian tour.
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