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Public company info - Grand Investment International Ltd. , 01160.HK

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Grand Investment International Ltd., 01160.HK - Company Profile
Chairman He Luling
Share Issued (share) 173,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Investments & Assets Management
Corporate Profile Business Summary: The Company is principally engaged in investing in listed and unlisted enterprises established in Hong Kong, the People’s Republic of China and Macau with potential for earnings growth and capital appreciation. Performance for the year: For the year ended 31 March 2017 (the “Year”), Grand Investment International Ltd. (the “Company”) recorded an overall loss of approximately HK$5,977,000 (2016: overall loss of approximately HK$11,922,000). Business Review: For the year ended 31 March 2017 (the “Year”), Grand Investment International Ltd. (the “Company”) recorded an overall loss of approximately HK$5,977,000 (2016: overall loss of approximately HK$11,922,000), comprising a net realised gain on disposal of investments of approximately HK$257,000 (2016: net realized loss of approximately HK$253,000) and no net unrealised gain/loss on investments (2016: net unrealised loss on investments of approximately HK$1,154,000). The Group also recorded other revenues of approximately HK$25,000 (2016: HK$35,000). Prospects: Over the past financial year, much of the financial and investment environment is dominated by geopolitical uncertainty. Starting from the United States (the “US”), the market has superficially rallied on the promise of new presidential administrative policy for greater tax cuts and expansion of domestic jobs. Strong economic data had indicated domestic growth directly resulted from the previous administration. While short of delivering on actual tax reforms and fiscal stimulus in the US, the new Trump administration can count on the momentum of the US economic growth to help keep the stock markets at steady state as the Federal Open Market Committee raises 25 basis points on 15 June and continues to assess the economy in the remaining year. In Europe, the victory of Emmanuel Macron in the French presidential election alleviated the immediate threat of an European Union break up, which not only boosted the stock market sentiment, but also the EUR currency. In the United Kingdom, Prime Minister Theresa May had miscalculated her support from the public by initiating the snap General Election only to lose parliamentary majority resulting in a hung parliament where no majority party presides. As a result, GBP has promptly dropped and is expected to remain in the decade low. As for Asia, the potential North Korea risk appears to be easing but it would not be a surprise for tensions to heighten from time to time. As such, the market risk premium for equities in the region will increase accordingly. For now, US and China enjoys a relatively warm relationship for the near term. Chinese export is unlikely going to receive an extensive tariff and that will facilitate the rally of companies with exposure in China in the short term. Even though Chinese A-shares has not over-performed compared to its peers, the velocity of approving listed companies within the recent months had facilitated some of the liquidity needs for many corporations in China. The group can also expect the speed of initial public offerings to slowdown as the global trend on tighter financial regulation persists. Meanwhile, aggressive crackdown on financial corruptions, such as, shadow banking and mainland insurers, will nudge the market on track for better governance. As RMB stabilizes, the urgency of capital outflow has also reduced. Finally, the Chinese politburo is due for rotation by the end of the third quarter this year. The A-shares market is expected to remain steady until then.

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