- Jefferies reiterates 'buy' on Cathay, boosts price target to HK$12.10
- Dongfeng Motor sees production volume of passenger vehicles fall 20 per cent year-on-year in January; sales volume of passenger vehicles fall 10 per cent
Good day traders --
Apple warned it is "experiencing a slower return to normal conditions than we had expected" and said it doesn't expect to meet its earlier upbeat revenue guidance for the March quarter. Demand in China has been affected, and Apple stores are only slowly re-opening at clipped hours, it said in an overnight statement. Outside of China, it said customer demand remains strong.
We'll keep you up on Apple's China suppliers and other key news and moves in mainland and Hong Kong markets.
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*-- Kathleen Magramo, Iris Ouyang and Deb Price in Hong Kong *
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