Tropical Storm Florence, The Aftermath and Beyond Sunday, the flooding from Tropical Storm Florence spread across the Carolinas, with roads to Wilmington cut off by the epic deluge and muddy river water swamping entire neighborhoods miles inland. “The risk to life is rising with the angry waters,” Governor Roy Cooper declared as the storm’s death […]
Typhoon Mangkhut Killed 28 in Philippines, Now Hammering South China Hong Kong and southern China are on Red Alert Sunday as strong winds and heavy rain from super Typhoon Mangkhut lashed the densely populated coast, a day after the biggest storm of the year left at least 28 dead from landslides and drownings in the […]
Philippines Seeing Typhoon Manghut’s Damage, Casualties, Heavy Rains Saturday, Philippine officials were assessing damage and checking on possible casualties as Typhoon Mangkhut pummeled the northern breadbasket with ferocious wind and rain that set off landslides, damaged an airport terminal and ripped off tin roofs. There are no immediate deaths reported but Defense Secretary Delfin Lorenzana […]
Nothing Compares to Rare, Fine, Old Scotch Whisky A rare 60-year-old Macallan whisky fetched $1.01-M at Bonhams Hong Kong Friday, smashing the record for the most expensive bottle ever sold at auction. The record lasted barely a dram, as 2nd bottle, also from the 1926 vintage, went for $1.1- a few hours later at the […]
Rare Pink Diamond Hammered for $32-M in Hong Kong Tuesday, a large oval-shaped diamond known as the “Pink Promise” was sold to an anonymous buyer for $32-M in Hong Kong, just shy of shattering a world auction record. The 14.93-carat vivid pink diamond went for a final price of HK$249,850,000, which comes to $2.14 -M/carat, […]
Hong Kong Real Estate Defying Gravity $JLL, $HSBC, $JPM Hong Kong’s steaming housing market shows no signs of cooling down anytime soon. Prices in the City have climbed 11% YTD defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and […]
Hong Kong: the World’s #1 City for International Visits Hong Kong to retain its status as the city most visited by international travelers this year in spite of strained relations with Mainland China. In a report published Tuesday, market research firm Euromonitor International said it estimates 25.7 million arrivals in Hong Kong this year, down […]
Li Ka-shing’s HK Skyscraper Sold for Record HK$40.2-B The landmark building owned by Hong Kong’s richest man Li Ka-shing has been sold to a consortium led by a Chinese energy firm. A landmark building owned by Hong Kong’s richest man Li Ka-shing, 89 anni, has sold for a record price a report said last week, […]
Hong Kong is the World’s Top Stock Market $HSI, $TCEHY, $PNGAY, $AAPL, $FB Among the world’s biggest stock markets, there have not been any better investments YTD than Hong Kong’s Hang Seng Index But under the surface of that 25% rise, gains are getting more concentrated, and that means for some shares, volatility is on […]
UAE President Restructures Board of Abu Dhabi Wealth Fund ADIA The Abu Dhabi Investment Authority is 1 of the world’s richest sovereign wealth funds UAE President and Abu Dhabi ruler Sheikh Khalifa bin Zayed Al Nahyan has issued a decree reshuffling the board of Abu Dhabi Investment Authority (ADIA), official news agency WAM reported Tuesday. […]
Swire Pacific Limited (HKG:0019) HEFFX Highlights As China’s wealthy grow ever more hungry for boutique hotels, Swire Properties plans its third hotel in mainland China, The Middle House. Located in the heart of luxury shopping development HKRI Taikoo Hui in the bustling Jing’an District of Shanghai, the five-star boutique hotel will be the Hong Kong […]
Cheung Kong Property Holdings Ltd (HKG:1113) HEFFX Highlights Cheung Kong Property Holdings will raise the price of its third batch of Ocean Pride apartments by 10 per cent, a week after selling out all 842 of the project’s earlier units, a marketing strategy that underscores the expectation that Hong Kong’s record home prices won’t succumb […]
Swire Pacific Limited (HKG:0019) Michelle Low New Finance Director of Swire Properties Limited Swire Pacific Limited has announced that Michelle Low, Finance Director of Swire Properties Limited, will be appointed the Finance Director of Swire Pacific with effect from 1st October 2017. Michelle will replace Martin Cubbon, who will be retiring from the Swire group […]
HK Health Department Investigating Imported Case of Zika Virus Infection The Center for Health Protection (CHP) of Hong Kong is investigating an imported case of Zika virus infection, in which a young woman who has been to South American countries got infected, the health department of the Hong Kong Special Administrative Region (HKSAR) said last […]
Box Office: ‘Kong: Skull Island’ Takes $61-M for #1 at the Weekend $TWX, $CMCSA, $LGF, $CBS Overseas, the reboot debuts to $81.6-M for a global take of $142.6-M, ‘Logan’ falls to # 2 as it pasted $150-M in the US and $430-M worldwide. Warner Bros. and Legendary’s Kong: Skull Island debuted bigger than expected in […]
Hong Kong, This City Tells a Terrific Story When I 1st visited Hong Kong the city’s slogan was ‘Asia’s World City’. It is still relevant, and I have learned much about the art of Hong Kong’s branding since then. When Hong Kong’s former Chief Executive Tung Chee-hwa unveiled the city’s new branding as “Asia’s World […]
US Dollar ($) ⇨ Hong Kong Dollar (HK$)(USDHKD) HEFFX Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 7.76. The projected lower bound is: 7.75. The projected closing price is: 7.75. FOREX HKD= closed up 0.000 at 7.754. Volume was […]
HANG SENG INDEX(INDEXHANGSENG:HSI) Hong Kong HEFFX Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 23,026.77. The projected lower bound is: 21,841.36. The projected closing price is: 22,434.06. HANG SENG INDEX closed up 9.920 at 22,456.619. Volume was 8% above average […]
HANG SENG INDEX(INDEXHANGSENG:HSI) Trading Outlook HEFFX Notes Hang Seng Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 21,875.02. The projected upper bound is: 23,592.97. The projected […]
HANG SENG INDEX closed up 29.170 at 21,993.439. Volume was 26% below average (neutral) and Bollinger Bands were 42% wider than normal. Open High Low Close […]