Oil and Gas Exploration and Production

MACAULEGEND RTS

Changying Group (Holdings) Releases 2024 Annual Results, Revenue of HKD 82.69 Million, Down 0.47% Year-on-Year

EPI (HOLDINGS) released FY2024 Q3 earnings on March 31 (BJT), actual revenue 22.92 M HKD, actual EPS -0.0011 HKD

EPI (HOLDINGS) released FY2024 9 Months Earnings on March 31 (BJT), actual revenue 59.77 M HKD, actual EPS 0.0007 HKD

2962.HK released FY2024 annual earnings on March 31 Pre-Market (BJT), actual revenue 82.69 M HKD, actual EPS -0.0003 HKD

EPI (HOLDINGS) released FY2024 Q4 earnings on March 31 Pre-Market (BJT), actual revenue 22.92 M HKD, actual EPS -0.0011 HKD

2962.HK released FY2023 Q1 earnings on September 27 (BJT), actual revenue 19.31 M HKD, actual EPS 0.0156 HKD

2962.HK released FY2023 Semi-Annual Earnings on September 27 (BJT) with actual revenue of 38.62 M HKD and EPS of 0.0312 HKD

2962.HK released FY2024 Q2 earnings on September 27 (BJT), actual revenue 18.42 M HKD, actual EPS 0.0009 HKD

2962.HK released FY2024 Semi-Annual Earnings on September 27 (BJT), with actual revenue of 36.84 M HKD and EPS of 0.0019 HKD

2962.HK released FY2024 Q1 earnings on September 27 (BJT), actual revenue 18.42 M HKD, actual EPS 0.0009 HKD

2962.HK released FY2023 Q2 earnings on September 27 (BJT), with actual revenue of 19.31 M HKD and EPS of 0.0156 HKD

2962.HK released FY2022 Q3 earnings on April 29 (BJT), actual revenue 18.94 M HKD, actual EPS -0.0214 HKD

2962.HK released FY2022 Q4 earnings on April 29 (BJT), actual revenue 18.94 M HKD, actual EPS -0.0214 HKD

2962.HK released FY2022 Annual Earnings on April 29 (BJT), with actual revenue of 45.1 M HKD and EPS of -0.0892 HKD

2962.HK released FY2023 Annual Earnings on April 29 (BJT) with actual revenue of 83.08 M HKD and EPS of 0.041 HKD

2962.HK released FY2023 9 Months Earnings on April 29 (BJT), with actual revenue of 60.85 M HKD and EPS of 0.0361 HKD

2962.HK released FY2023 Q4 earnings on April 29 (BJT), actual revenue 22.23 M HKD, actual EPS 0.0048 HKD

2962.HK released FY2023 Q3 earnings on April 29 (BJT), actual revenue 22.23 M HKD, actual EPS 0.0048 HKD

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He Yongxian stated that if the owners of Hongfu Garden accept the government's acquisition proposal, the government will provide 3,900 units for selection. Owners can choose cash or participate in a special sales plan, with the earliest selection of units in September. If the proposal is accepted before June 30, priority will be given for unit selection. The acquisition price varies based on unit area; units without land premium can be exchanged for 3.45 million yuan, while units with land premium can reach up to 5 million yuan. The government currently has 10 projects, which will be carried out in two phases

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Ho Wing-hin: The "Special Sales Plan" offers 3,900 units. If the owners of Hongfu Garden accept the acquisition proposal, they can select their units as early as September

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The Research Department of Centaline Property pointed out that in 2025, the Hong Kong property market will launch 31 new developments, totaling 14,077 units, an increase of nearly 10% compared to 2024. The launch volume and proportion of studio units have reached a five-year low, with the launch volume decreasing by more than half year-on-year. The proportion of two-bedroom units has risen to 52.1%, a five-year high. Buyers are leaning towards one-bedroom and two-bedroom units, reflecting the impact of market recovery and the relaxation of stamp duty

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In "Hong Kong Property," Centaline: The volume and proportion of new open-plan sales in 2025 will hit a five-year low

The Buildings Department approved 11 building plans last December, covering residential, mixed-use, and community service development projects in Hong Kong Island, Kowloon, and the New Territories. The approved projects include 341 residential units and 1,528 square meters of non-residential building area. In addition, the department issued 19 occupation permits, involving 892 residential units and 38,154 square meters of non-residential building area, with a total estimated value of approximately HKD 19.8 billion for the newly completed buildings in December

The Buildings Department approved 11 building plans last December

The Deputy Secretary for Financial Services and the Treasury, Huang Weilun, stated that if the residents of Hongzhi Pavilion reach a consensus, the government will consider expanding the scope of acquisition to include Hongzhi Pavilion. Affected homeowners can choose cash compensation or the "flat-for-flat" option in future home ownership schemes. The Secretary for Housing, He Yongxian, emphasized that the quality of "flat-for-flat" units is guaranteed and offers a variety of choices

Huang Weilun: If the residents of Hongzhi Pavilion reach a consensus, they can allocate future public housing for "house swapping."

A unit in Wan Chai's Shang Qiao Feng was sold for HKD 13 million, with a usable area of 531 square feet. Originally a 3-bedroom unit, it was converted into a 2-bedroom unit and enjoys a sea view. The original asking price was HKD 14 million, and the transaction price is approximately HKD 24,482 per square foot. The new buyer is an investor who believes the unit has value preservation and investment potential. The original owner purchased it in 2006 for HKD 7.21 million, holding it for nearly 20 years, making a profit of about HKD 5.79 million, with the unit appreciating by approximately 80%

"Harbour Building" Wan Chai Shang Qiao Feng three-bedroom converted to two-bedroom sold for HKD 13 million, held for nearly 20 years with an appreciation of about 80%

The government proposed a plan to acquire the ownership of seven buildings in Tai Po Hong Fu Court, with a compensation rate of HKD 8,000 per square foot for units without compensation and HKD 10,500 per square foot for units with compensation, expecting to use about HKD 4 billion of public funds. Financial Secretary's Deputy Secretary Wong Wai Lun stated that the acquisition price per square foot is higher than the market price before the fire, and the plan is beneficial for everyone. The seven buildings in Hong Fu Court will be demolished and replaced with parks or community facilities. The government will provide about 1,000 subsidized housing units for owners to choose from, and those who participate before the end of June will have priority in selecting units

The government advocates for the acquisition of the ownership of seven blocks in Hongfu Garden at a price per square foot of HKD 8,000 or HKD 10,500. Huang Weilun: The price per square foot being higher than the market price before the fire is beneficial for everyone

A wealthy Mongolian mining family, led by Tselmuun Nyamtaishir of Tisara Holdings, has purchased a luxury home in Hong Kong's Southern District for HK$247 million (US$31.5 million) as a retirement residence. The deal, finalized on January 29, involves House 5 at One Stanley, a prestigious development known for its exclusivity and sea views. The Southern District is experiencing a recovery in the luxury housing market, with significant transaction growth reported in 2025.

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Mongolian mining family buys $31.5M Hong Kong luxury home for retirement

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The recent rebound in the property market has raised doubts. Despite a good trend in property prices over the past year and a recovery in buyer confidence, the Centaline City Leading Index (CCL) recently reported 149.4 points, an increase of 1.5% in a single week, marking the largest weekly increase in three years. There are still concerns about the future trend of the property market, and historical experience suggests that this may be a signal of the market hitting bottom. Although property prices are still significantly lower than historical highs, the current level is relatively affordable

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The strong rebound in the property market is still questioned; the signal of hitting the bottom is "when everyone is optimistic, it is the most dangerous" | Li Shengyang

Hong Kong plans to spend about HK$4 billion ($512 million) to buy out owners of homes in a high-rise complex affected by a deadly fire that killed 168 people. The buyout offers HK$8,000 per sq ft without a land premium and HK$10,500 with it. A survey showed 74% of affected owners would consider the buyout. The government is also offering an apartment exchange program for 4,600 affected tenants. Provisional agreements may be signed by May or June, with initial payments expected in the third quarter of this year.

Reuters

Hong Kong plans to buy homes devastated in deadly high-rise fire

Hong Kong will spend HK$6.8 billion (US$870 million) to buy back homes damaged in the Tai Po fire, offering HK$8,000 to HK$10,500 per square foot. Deputy Financial Secretary Michael Wong announced the plan, which includes demolishing seven of the eight buildings at Wang Fuk Court and redeveloping the site. The buyout aims to provide a quick solution for affected residents, with 74% of surveyed homeowners considering the government's acquisition offer. The plan follows the city's deadliest fire, which killed 168 people last November.

南华早报

Hong Kong to spend HK$6.8 billion buying back fire-ravaged Tai Po flats

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MACAULEGEND RTS plummeted 21.05%; China National Offshore Oil Corporation rose 1.55%, with a transaction volume of HKD 1.18 billion; United Energy Group increased by 2.20%, with a transaction volume of HKD 21.8 million; China Energy Holdings rose 0.65%, with a transaction volume of HKD 3.89 million; Energy International Investment's market value reached HKD 351 million

HK Stock Movers Tracker

Hong Kong Stock Movement: MACAULEGEND RTS plummets 21.05%, active trading capital flow triggers volatility

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Hong Kong stock market overview in the past hour The market sentiment has been quite active in this hour, especially with the performance of small-cap stocks and thematic stocks being particularly prominent. MACAULEGEND RTS leads the market with an astonishing 180% increase, becoming the focus of capital chasing. Meanwhile, BUTONG GROUP and C AUTO INT DECO recorded significant increases of 34.46% and 24.07% respectively, indicating a preference for specific sectors. Overall, there is a clear divergence in market strength, with capital rapidly switching between different sectors, and short-term enthusiasm continuing to rise. The biggest movers in the past hour The performance of MACAULEGEND RTS is undoubtedly the highlight of the market, with its stock price soaring 180%, attracting widespread attention. The strong capital intervention has rapidly boosted the stock in a short period, making it the absolute focus of the market. Strong stocks 1. BUTONG GROUP: up 34.46%, with significant capital inflow, the market is full of expectations for its future development. 2. C AUTO INT DECO: up 24.07%, benefiting from industry tailwinds, the stock price is steadily rising. 3. AESO HOLDING: up 23.85%, with active short-term capital, pushing the stock price higher. 4. ZHEJIANG SHIBAO: up 21.72%, with high market sentiment, capital chasing is evident. 5. JF SMARTINVEST: up 19.25%, with capital inflow driving the stock price up, market attention is increasing. 6. LANCANG TEA: up 17.86%, benefiting from market hotspots, the stock price performs strongly. 7. DOMAINEPOWERRTS: up 16.67%, favored by capital, the stock price is steadily climbing

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Hong Kong Stock Movement Update: MACAULEGEND RTS surges 180%, SYNERTONE falls 26%, multiple stocks show significant movements

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EPI (HOLDINGS) plans to purchase oil well rights located in the Provost area of Alberta, Canada, through its wholly-owned subsidiary EP Resources Corporation, signing an agreement with BRW for CAD 1.298 million (approximately HKD 7.4 million). The agreement requires BRW to commence drilling the oil well by July 31, 2025, after obtaining regulatory approval. The extraction rights will be 70% for EP Resources before the payback period and 50% after the payback period

EPI (HOLDINGS)

EPI (HOLDINGS) entered into an agreement to spend CAD 1.3 million to acquire interests in Canadian oil wells

According to the Zhitong Finance APP, EPI (HOLDINGS) announced that on April 1, 2025, the company will reduce 5.573 billion shares due to the "10-for-1" consolidation

Zhitong

EPI (HOLDINGS) reduced 5.573 billion shares due to the "10-for-1" benchmark for share consolidation

According to the Zhitong Finance APP, EPI (HOLDINGS) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of HKD 82.69 million during the period, a year-on-year decrease of 0.47%; the loss attributable to shareholders was HKD 196,000, a shift from profit to loss compared to the previous year; the basic loss per share was HKD 0.01

EPI (HOLDINGS) released its annual performance, with a loss attributable to shareholders of HKD 196,000, turning from profit to loss year-on-year

MACAULEGEND RTS(02962.HK)

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Ho Wing-hin: The "Special Sales Plan" offers 3,900 units. If the owners of Hongfu Garden accept the acquisition proposal, they can select their units as early as September

In "Hong Kong Property," Centaline: The volume and proportion of new open-plan sales in 2025 will hit a five-year low

The Buildings Department approved 11 building plans last December

Huang Weilun: If the residents of Hongzhi Pavilion reach a consensus, they can allocate future public housing for "house swapping."

"Harbour Building" Wan Chai Shang Qiao Feng three-bedroom converted to two-bedroom sold for HKD 13 million, held for nearly 20 years with an appreciation of about 80%