Neway Group Holdings Limited (0055) Is Yet to See Trading Action on Feb 1

Shares of Neway Group Holdings Limited (HKG:0055) closed at 0.38 yesterday. Neway Group Holdings Limited currently has a total float of 253.64M shares and on average sees 44,128 shares exchange hands each day. The stock now has a 52-week low of 0.34 and high of 0.58.

SEHK: A Global Economy Giant

Hong Kong has one of the most successful economies in Asia, making it a powerful asset to the growth of the region. Consequently, Hong Kong is also an economic powerhouse in the world.

The Stock Exchange of Hong Kong (SEHK) is the third biggest stock exchange in Asia and the sixth biggest worldwide. It is a great opportunity for such companies as Neway Group Holdings Limited to find their client base there. That being said, it is significant in the fast-paced growth of Hong Kong’s economy.

History of the SEHK

The SEHK was formally founded in 1891 following the establishment of the Association of Stockbrokers in Hong Kong. Today, it is the third biggest stock exchange in Asia next to the Tokyo Stock Exchange (TSE) and the Shanghai Stock Exchange (SSE), respectively.

Pre-market session on the SEHK starts at 9:00 a.m. and ends at 9:30 a.m. Regular morning session begins at 9:30 a.m. and ends at 12:00 n.n. It is extended from 12:00 n.n. until 1:00 p.m. before the regular afternoon session begins at 1:00 p.m. and ends at 4:00 p.m.

The Hang Seng Index (HSI) is the benchmark index that weighs the top 50 stocks on the SEHK based on free-float market capitalization. This represents roughly 60% of the total market capitalization on the SEHK in four sectors: Energy, Financials, Materials, and Utility. These four sectors have been officially established in January 2, 1985.

The Hang Seng Indexes Company, a subsidiary of the Hang Seng Bank (HSB), operates the HSI. Rebalancing of the HSI happens every quarter. Its base date is July 31, 1964 and its base value is 100.

In order to be considered for the inclusion in the HSI, a company must belong to the top 90% of overall market capitalization of market shares and to the top 90% of overall turnover on the SEHK. It is also required that a company must have been listed for at least 24 months on the SEHK. However, a company can already be considered for inclusion after being listed for only three months depending on its market capitalization, liquidity, and overall performance and representation. Perfect liquidity of Neway Group Holdings Limited was the main condition of its acceptance.

By the Numbers

The HSI holds an all-time high of 31,638.22, which had been recorded on October 30, 2007; and an all-time low of 58.61, which had been recorded on August 31, 1967. It had first hit the 10,000 mark on December 10, 1993; and the 20,000 mark on December 28, 2006. On October 18, 2007, the HSI had first hit the 30,000 mark.

Eventually, as the 2008 Global Financial Crisis unfold, it had lost about 30% through March 9, 2008. Nearly a year after hitting its all-time high, the HSI had fallen to 15,431.73 on October 8, 2008.

According to CG Watch, a biannual newsletter that ranks Asian economies according to excellence in corporate governance, Hong Kong is one of Asia’s pride. This year, Hong Kong has scored 65 points, ranking second next to Singapore in the coveted list. This is mainly why more and more investors are flocking the SEHK as they anticipate to benefit from the growing national economy. Some investors are very interested in the companies like Neway Group Holdings Limited.

Another recent and important Neway Group Holdings Limited (HKG:0055) news was published by Prnewswire.com which published an article titled: “Cathay Pacific To Add Four Non-Stop Flights Between San Francisco And Hong Kong, Increasing Frequency To Three Daily Flights – PR Newswire” on March 09, 2017.

Neway Group Holdings Limited, an investment holding company, makes, sells, and trades in printing products in the People's Republic of China, Hong Kong, Europe, the United States, and internationally. The company has market cap of $96.38 million. It operates through seven divisions: Gaming Business, Lending Business, Manufacturing and Sales Business, Music and Entertainment Business, Property Business, Securities Trading Business, and Trading Business. It currently has negative earnings. The firm prints packaging products, labels, paper products, and advertising and cards for the electronics, home appliance, and toy industries; organizes concerts and shows; produces and distributes music albums and movies; manages artistes; and lends money.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.