FAST NEWS: JPMorgan Discloses Major Stake in New Horizon Health

The latest: JPMorgan disclosed it purchased 701,600 shares in medical products maker New Horizon Health Ltd. (6606.HK) on Jan. 19, raising its stake above the 5% threshold that requires it to disclose its holdings. However, the bank reduced its stake by 427,500 shares the next day, bringing its shareholding back below the 5% reporting threshold. Looking up: JPMorgan’s purchase marks a strong vote of confidence in New Horizon,  which issued a positive profit forecast in mid-January saying its revenue last year doubled. Smaller stock buyers will often take their cues…

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Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

The hotel operator is facing headwinds from the latest Covid-19 flare-up, whose impact is likely to affect its first quarter results Key takeaways: Huazhu Group is predicting greater uncertainties for its hotels in the first quarter as a result of the recent Covid resurgence and resulting travel restrictions The company has pivoted to focus on quality over quantity growth, in an unexpected shift for some analysts By Lau Ming With recent Covid-19 fare-ups sweeping China and the new omicron variant spreading fast, local governments throughout the country have been tightening…

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Full Truck Alliance Travels Bumpy Road Through Pandemic, Regulatory Wave

Trucking app operator’s fourth-quarter update showed strong but slowing growth, as it remains barred from signing up new customers pending outcome of a cybersecurity review Key takeaways: Full Truck Alliance said its fourth quarter fulfilled orders rose 41.6%, slowing from 78.4% growth in the previous quarter Growth comes as other major companies report business contractions in China due to Covid-control disruptions By Doug Young There are quite a few ways to look at the latest fourth-quarter update from Full Truck Alliance Co. Ltd. (YMM.US), reflecting just how complex China’s corporate…

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