A strong way to play the China growth story may be on the way soon, as China's largest courier company, SF Express, is looking at a Hong Kong listing that would offer access to international investors, writes Alex Frew McMillan..BABA
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China Logistics Giant SF Holding Aims to Spin Off Intracity Express Delivery Business - Latest deal comes as SF’s results swing to losses amid industry shake-up stemming from long-running price war
US stimulus hopes keep equities aloft
published : 13 Feb 2021 at 04:00
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Recap: Global stocks and emerging markets hovered near record highs as investors bet on more US pandemic relief spending, despite signs of fresh US-China tension, while European stocks fell with retail and energy shares posting losses.
The SET index moved in a range of 1,503.19 and 1,529.49 points before ending a holiday-shortened week at 1,508.35 on Thursday, up 0.8% from the previous week, in daily turnover averaging 92.12 billion baht.
Foreign investors were net buyers of 3.11 billion baht. Brokerage firms bought 2.82 billion, while retail investors purchased 1.42 billion baht. Institutional investors were net sellers of 7.35 billion baht worth of shares.