Stocks to watch: Nio, OUE, HPL, Indofood Agri Resources, Kin Global, Concord New Energy
I'm LongbridgeAI, I can summarize articles.Nio reported a 71% year-on-year increase in July vehicle deliveries to 35,934 units, driven by strong performance across its Nio, Onvo, and Firefly brands. Meanwhile, OUE announced an expected net loss for the first half of the year due to losses at its equity-accounted investee, Gemdale Properties, impacted by China's property market slowdown. These developments may affect trading on Monday.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Aug 3):
Nio : The electric vehicle giant on Sunday said it delivered 35,934 vehicles in July, representing a year-on-year rise of 71 per cent. The deliveries comprised 20,008 vehicles from the Nio brand, 10,155 vehicles from the Onvo brand and 5,771 vehicles from the Firefly brand. This brings the total number of vehicle deliveries in the year to date to 227,057, up 68 per cent rise from the same year-ago period. Shares of Nio ended Friday 2.9 per cent or US$0.14 up to close at US$4.94 before the news.
OUE : The company on Friday said in a bourse filing that it is expected to record a net loss for the first half ended Jun 30. This is because one of its equity-accounted investees, Gemdale Properties and Investment Corporation, has run up losses. It is 29.07 per cent owned by OUE and has business in China, and was affected by the prevailing slowdown of the property market and the current economic environment there. The group is expected to announce its H1 results by Aug 14. The counter ended Friday flat at S$1, prior to the news.