US President Trump's tariff policy triggered risk aversion among investors, and stock markets generally fell overnight on Monday (February 24). The Nasdaq fell 1.21%, the S&P 500 fell 0.5%, and the Dow Jones Industrial Average swung, closing down slightly to 0.08%.
The decline in U.S. technology stocks are the main reason for dragging down the market, and hedge funds invested in Magnificent Seven, led by Nvidia, the lowest since April 2023; the “Big Seven” accounted for the market value of the S&P 500 Index 31%.
Nvidia will announce its results on Wednesday (26th), and investors have begun to prepare for market turmoil.
The intraday rise of the local stock market could not continue in the late trading. It finally closed at 3927.75 points on Monday with a slight decline of 2.19 points or 0.06%.
The Asia-Pacific stock market on Tuesday (25th) is expected to follow the weakening of US stocks overnight. The Japanese, South Korea and Australia stock markets that have opened have all fallen, and the Tokyo stock market in Japan fell by more than 1.5%.
Here are the stocks to watch on Tuesday
1. Great Eastern Holdings, which has suspended trading, announced before the opening of the market on Tuesday (February 25), that its net profit increased by 21% to RMB 408.2 million as of the end of last year and earnings per share of 0.86 points. The board of directors recommends distributing each The final dividend of 45 cents is available. Looking at the whole year, Big Oriental's revenue increased by 10% to about 6.9 billion yuan, net profit increased by 28% to 995.3 million yuan, and earnings per share of 2.10 points, a significant increase from last year's 1.64 points.
2. Before the opening of the market, PropNex announced that its net profit in the second half of last year decreased by 14.9% to 21.92 million yuan, and its earnings per share decreased to 2.96 points accordingly. Net profit for the whole year decreased by 14.4% to RMB 40.92 million, with an earnings of 5.53 points per share. The board of directors recommends a final dividend of 3 cents per share and a special dividend of 2.5 cents per share for the 25th anniversary, with a dividend payout of 7.75 cents for the full year. The company's stock price closed at 1.13 yuan on Monday.
3. GKE Corp announced on Monday that GKE Retails, a subsidiary of the group, has signed a contract to become a Singapore distributor of Singtel. According to the agreement, GKE Retails will take over and operate a total of nine new telecom stores, and the joint venture partner will therefore hold 40% of GKE Retails, and Jinjia Group retains the remaining 60% of the shares. The group's share price rose 1.11% on Monday and closed at 0.091 yuan.
4. According to the results released by CNMC Goldmine Holdings, the group's net profit in the second half of fiscal year 2024 soared by 1.26.0% year-on-year to US$5.4 million, and its revenue increased by 36.9% to US$35.5 million. The group's annual net profit soared 140.3% to US$9.8 million, and its revenue increased by 25.0% to US$65.2 million. The board of directors recommends paying a year-end dividend of 0.4 cents per share and a special dividend of 0.6 cents per share. China-Second Gold Mine's share price fell 7.58% on Monday and closed at 0.305 yuan.
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