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Well Link Global Information (2024 June 26th)

2024-06-26

**US Stocks**: At the close of the US market, the Dow Jones fell 299 points or 0.76%, to 39,112 points; the S&P 500 rose 0.39%, to 5,469 points; the Nasdaq surged 1.26%, to 17,717 points; the Golden Dragon Index, reflecting the performance of Chinese concept stocks, slipped 1.29%.


**Hong Kong Stocks**: 

- Hong Kong Disneyland announced its financial results for the fiscal year of 2023, with net losses significantly reduced to 356 million yuan. Despite nine consecutive years of losses, the company has been profitable since last summer, with the first quarter of this year's profits setting a new high since the park's opening. Disney described it as entering a new era, outperforming the market in post-pandemic recovery.


- Want Want China (00151) earned 18% more last year. The net profit was nearly 4 billion yuan, with a revenue increase of nearly 3% to over 23.5 billion yuan, and a final dividend of 3.3 US cents. During the period, the gross margin increased by 2.7 percentage points to 46.6%.


- L'Occitane (00973) earned more than 18% less in the last fiscal year. As of the end of March this year, L'Occitane earned over 93.89 million euros, a year-on-year decrease of more than 18%, with revenue growth of 19% to over 2.54 billion euros, mainly driven by strong performance from US skincare brands. Due to the privatization proposal, no dividends were paid, and the gross margin fell by 1.2 percentage points to 79.3% during the period.