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HSBC Holdings plc has repurchased a total of 4,970,458 ordinary shares for cancellation on 12 May 2025, with purchases made on both UK Venues and the Hong Kong Stock Exchange. The total consideration for the buy-back, initiated on 6 May 2025, amounts to approximately US$321.7 million. Following the cancellation of shares from UK Venues, the company's issued ordinary share capital will consist of 17,638,348,535 shares with voting rights.
HSBC Holdings has repurchased 12.166 million shares for a total of HKD1.056 billion as of May 8. In the UK, 7.308 million shares were bought at prices between GBP8.353 and GBP8.463, while in Hong Kong, 4.858 million shares were acquired at HKD86.25 to HKD87.55.
HSBC Holdings plc has repurchased a total of 3,869,057 ordinary shares for approximately US$43.6 million as part of its buy-back program announced on 6 May 2025. On 7 May 2025, the company purchased 2,349,857 shares on UK venues and 1,519,200 shares on the Hong Kong Stock Exchange. Following the cancellation of the UK shares, the issued ordinary share capital will consist of 17,652,772,280 shares with voting rights.
Hong Kong's eight digital banks are poised to expand their wealth management services following a remarkable 74% year-on-year increase in deposits, totaling HK$64.39 billion (US$8.3 billion) by the end of 2023. Despite not yet achieving profitability, these banks have narrowed their losses and significantly increased their customer base to 2.2 million. The strategic shift towards wealth management aligns with a historic $84 trillion generational wealth transfer, catering to the preferences of Millennials and Gen Z for digital-first services.
Ant Digital Technologies launched the RWA REAL UP Summit in Dubai, gathering over 500 industry stakeholders to discuss fintech advancements. The company introduced Jovay, a high-performance Layer 2 blockchain for real-world asset transactions, and the AI-powered DTVM Stack to enhance smart contract efficiency. With its international headquarters in Hong Kong, Ant aims to bridge Middle East energy transition opportunities with Asian markets, particularly through the tokenization of renewable energy assets.
Barclays has revised its price target for Western Digital Corporation from $80 to $50. The company specializes in the design, manufacturing, and marketing of hard drives, offering a range of products under the Western Digital and WD brands for various devices. Its net sales are distributed across several regions, with the United States accounting for 27.5% and China for 23.4%.
Market volatility triggered by Trump's tariffs has positively impacted several European banks, leading to better-than-expected profits. UBS reported a net profit of $1.7 billion, while Barclays saw a 19% increase in pre-tax profit. Deutsche Bank and HSBC also exceeded forecasts, attributing their success to the turbulent market conditions.
Laservall, a Hong Kong-based company specializing in high-precision laser solutions, aims to expand its R&D workforce significantly by 2028 and enhance its manufacturing capabilities, particularly in automotive and clean energy sectors. With a recent HK$300 million investment plan, the company is focused on innovation and sustainability, leveraging partnerships and advanced technologies to solidify its position as a global leader in advanced manufacturing.
HSBC Holdings reported 1Q25 results that exceeded expectations, with revenue up 6% and net profit before tax beating forecasts by 15%. Despite a recovery in share price post-tariff announcements, JPMorgan warns of potential fluctuations ahead, maintaining an Overweight rating on the stock.
Pop Mart's Labubu plush dolls drove a surge in app downloads, briefly topping the US App Store on April 25, 2025, following the launch of the Labubu 3.0 collection. This popularity boosted the company's shares by 12% and highlighted a growing interest in Chinese e-commerce among US consumers. The blind box model, combining surprise and scarcity, has significantly contributed to the global collectible toy market's expansion, with Pop Mart's international revenue soaring by nearly 480% in the latest quarter.
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