PRE-MARKET CHINESE STOCKS NEWS: Earnings from Baidu and Xiaomi
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Ant Group - Co. is reportedly looking to sell a 3% stake in Paytm for around USD 300mln. Baidu (BIDU US) - Co. Q2 (CNY) net fell 68.33% Y/Y to 2.32bln, rev. fell 4.2% Y/Y to 31.33bln, EPS 1.06 (exp. 1.51). Bank of Nanjing (601009 CH) - Co. H1 (CNY) net 13.7bln (prev. 12.6bln Y/Y), rev. 31.6bln (prev. 28.5bln Y/Y). China Unicom (762 HK) - Co. H1 (CNY) net 9.5bln (prev. 14.5bln Y/Y), rev. 201.4bln (prev. 200.7bln Y/Y). China United Network Communications (600050 CH) - Co. H1 (CNY) net 4.14bln (prev. 6.35bln Y/Y), rev. 201.4bln (prev. 200.2bln Y/Y). GigaDevice Semiconductor (603986 CH) - Co. H1 (CNY) net 6.86bln (prev. 575.48mln Y/Y), rev. 11.57bln (prev. 4.15bln Y/Y), with results supported by higher memory-chip sales. (Dow Jones Newswires) Guotai Junan Securities (601211 CH) - Co. H1 (CNY) net 20.3bln (prelim. 20.0-20.5bln), rev. 47.2bln (prev. 23.9bln Y/Y). Hong Kong and China Gas (3 HK) - Co. H1 (HKD) net 3.64bln (prev. 2.96bln Y/Y), rev. 29.5bln (prev. 27.5bln Y/Y). Power Constructio
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