#boycott cathay pacific

[eternal-bauhinian]

Everyone, help us make a list of companies that are currently pro-democracy and ones that are currently pro-establishment (green for "it's complicated" - use sparingly)! Please use colours to signify, and the following format in the list.

Cathay Pacific 國泰 - airline

MTR 港鐵 - transport (~70% owned by government)

Maxim's 美心 - food and bakery (boss's daughter is Blue)

360 - snacks shop (supportive of Fujianese triads)

TVB - television (warning: propaganda mouthpiece, and they are rather subtle, I can personally attest to that)

South China Morning Post 南華早報 - news (owned by mainland company, somewhat neutral despite political faction, i.e. tame for a Blue Ribbon, but note that comments section of YouTube videos are filled almost to the brim with the 50 Cent Army)

Sing Tao 星島日報 - news

Apple Daily 蘋果日報 - news

Hong Kong Free Press - news

Ming Pao 明報 - news (editorials are Blue, but is mainly neutral and light yellow)

Oriental Daily 東方日報 - news

Tai Kung Pao 大公報 - news

Wen Wei Po 文匯報 - news

Sing Pao 成報 - news

The Sun 太陽報 - news (owned by Oriental Daily)

Sky Post 晴報 - news

Hong Kong Commercial Daily 香港商報 - news

source: news reports and corresponding actions of companies/newspapers, Umbrellas in Bloom: Hong Kong's occupy movement uncovered by Jason Y. Ng (published 2016)

Remember, if it's a psychological and online battle they want, it's one they will get. Don't forget what we are truly fighting for. God bless HK, and peace out for now. Help me compile the list too.

[glitterystarlightpirate]

[empiregalaxy]

Boycotting is a personal yet interesting choice. 

You may be disgusted at Blizzard or Vans over their reaction to the Hong Kong Protests (and you are justified in that anger). So, you boycott them. After all, as consumers, we are well within our rights to avoid products that are made by immoral companies. You don’t want to be a part of that. 

However, you still use Apple products, watch Hollywood movies and NBA games, fly with Cathay Pacific, use social media, etc. Someone points out the inconsistency to you. You may get silent or defensive. Do I have to boycott other things?

Well... no. You don’t have to do anything. Hell, if you want to use Blizzard, you can. No shame from me, ever.

What I personally do, and what is alot easier to encourage others to also do- is to decrease usage. Chances are, you can’t convince a constant Instagram user to stop using it. But you can convince them to get a VPN, use AdBlock, and to use it less often, and engage on a competitor’s site. 

You can’t escape China’s grasp on the world’s commerce. Don’t feel bad about watching an NBA game, but also, don’t be afraid to speak up. 

[octaviasandy]

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[ericfruits]

Why China’s assault on Cathay Pacific should scare all foreign firms

AS THE TRADE war chips away at its allure, China wants to retain the affection of foreign businesses. It has promised to level the playing field between them and their domestic rivals. This pledge is meant as reassurance that Chinese firms will receive no special favours. But it has taken on a different light over the past week, in the wake of China’s assault on Cathay Pacific, Hong Kong’s flagship airline. China is taking a hard line against foreign companies that displease it, lashing out at their bosses and demanding obedience, much as it wields control over domestic enterprises. Firms in Hong Kong are in the cross-hairs, but it would be a mistake to think China will stop there.

With 26,000 employees in Hong Kong, Cathay initially took a neutral stance as protests engulfed the city. The airline would not dream of telling its employees what to think, its chairman proclaimed. His defiance withered, though, as criticism from China mounted. When the Chinese aviation authority, absurdly, accused the airline of imperilling safety because its employees had joined the protests, Cathay dumped its chief executive. A climate of fear now pervades it. Chinese inspectors have started screening the phones of Cathay crew for anti-Beijing material.

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Global firms may console themselves with the thought that Cathay was uniquely vulnerable. Although it is Asia’s biggest international carrier and a perennial contender for best airline in global rankings, its fate rests almost entirely on China. As much as 70% of its cargo and passengers pass through Chinese airspace. Its biggest shareholder is Swire Pacific, a Hong Kong-based group immersed in China, from soft drinks to property. Swire executives appear to have concluded that any resistance would be an act of corporate self-immolation.

Cathay is far from alone. It joins a list of foreign firms that have wound up on the wrong side of politics in Beijing. Often the remedies are relatively simple, if nauseating. A series of luxury brands—Versace, Coach and Givenchy—have recently offered profuse apologies for selling T-shirts that appeared to identify Hong Kong as being separate from China (see article).

As a general rule, the more foreign companies prize China’s market, the more they have to fear (see article). HSBC, Europe’s biggest bank, has come under pressure for sharing information with American authorities that helped them build a fraud case against the chief financial officer of Huawei, a Chinese telecoms giant. With its strategy predicated on growth in China, HSBC cannot afford to become a villain there. This month it ousted both its chief executive and the head of its China unit, though it denied any connection with the Huawei controversy.

Cathay’s predicament shows why global boardrooms are growing more anxious about Chinese anger. The main worry used to be consumer boycotts, fuelled by state media. These harmed Japanese carmakers and South Korean retailers, but their Chinese sales typically recovered after a few quarters.

The attack on Cathay went further. China’s airline regulator declared it unsafe, the international arm of ICBC, a bank, recommended selling its shares and CITIC Bank boycotted it. The bogus regulatory warning gave all Chinese firms a pretext to shun it. These entities are not household names outside China but are active around the world. ICBC is the planet’s biggest bank by assets. CITIC Bank belongs to one of the most global of Chinese state conglomerates. Their participation in the flagellation of Cathay is a reminder that their ultimate loyalty is to the party.

Using state firms as battle spears gives the lie to China’s claim that it is managing them according to market principles. And weaponising regulators undermines China’s ambitions to play a bigger international role. The airline supervisor had earned respect in leading the charge to ground the 737 MAX, Boeing’s troubled aeroplane; its Cathay warning makes it look like a political hack. The party may well get foreign companies to toe its line on Hong Kong. In the process it is revealing its true nature.■

This article appeared in the Leaders section of the print edition under the headline "Cathay’s mayday"

https://ift.tt/320eDYn

[shamefulright]

Hong Kong Protesters Are Targeting Starbucks. McDonalds Could Be Next.

Hong Kong Protesters Are Targeting Starbucks. McDonalds Could Be Next.

Pro-democracy demonstrators have begun singling out companies that they consider enemies of their movement. Vandalism and calls for boycotts have followed.

[deniscollins]

China Is a Minefield, and Foreign Firms Keep Hitting New Tripwires

The National Basketball Association (NBA) has a strong fan base in China. What would you do if you were the NBA commissioner and the Houston team owner tweeted  “Fight for freedom, stand with Hong Kong,” which the Chinese government, responsible for 1.4 million Chinese, took offense and demanded an apology: (1) Tell the team owner to delete the Tweet, or (2) respect the team owners freedom of speech? Why? What are the ethics underlying your decision?

What would you do if you were the team owner and the NBA Commissioner made this request: (1) delete the tweet, (2) insist on freedom of speech? Why?

For international companies looking to do business in China, the rules were once simple. Don’t talk about the 3 T’s: Tibet, Taiwan and the Tiananmen Square crackdown.

No longer. Fast-changing geopolitical tensions, growing nationalism and the rise of social media in China have made it increasingly difficult for multinationals to navigate commerce in the Communist country. As the National Basketball Association has discovered with a tweet about the Hong Kong protests, tripwires abound. Take the “wrong” stance on one of any number of issues — Hong Kong, Taiwan, Korea, Japan, for instance — and you risk upsetting a country of 1.4 billion consumers and losing access to a hugely profitable market.

Now, multinational companies are increasingly struggling with one question: how to be apolitical in an increasingly politicized and punitive China.

“You used to know what would get everyone fired up,” said James McGregor, chairman of the greater China region for the consulting firm APCO Worldwide. “And now you don’t know. You just wake up and discover something new.”

Until recently, the issues that made China angry were fairly predictable. The German company Leica Camera created a stir this year with a promotional video featuring the “Tank Man,” the unknown person who boldly confronted a convoy of tanks during the bloody 1989 crackdown on the Tiananmen Square pro-democracy movement. (Leica says it did not commission the film.)

Around the same time, eagle-eyed Chinese internet users began calling out companies for not clearly indicating on websites, customer surveys and products that certain territories claimed by China, like Tibet and the self-governing island of Taiwan, were part of the country. Gap, Marriott, United Airlines and others were forced to make internal adjustments and, in some cases, apologize.

This summer, when antigovernment protests in Hong Kong began to heat up, such sensitivities reached new heights. And China lashed out more aggressively, in part because it was playing defense against growing global support for the demonstrators.

The N.B.A. has been in damage-control mode over the issue for days. On Friday, Daryl Morey, general manager of the Houston Rockets, posted a message on Twitter that said: “Fight for freedom, stand with Hong Kong.” Not long after, Mr. Morey’s tweet was deleted and the league quickly began damage control.

But anger still simmered. Social media platforms like WeChat and Sina Weibo were flooded with messages declaring a boycott against the N.B.A., which has a huge fan base in China. On Tuesday afternoon, CCTV, the state broadcaster, canceled plans to broadcast preseason N.B.A. games. Previously, Tencent Sports, a popular sports broadcaster, had announced that it would stop all live streaming and coverage of the Houston Rockets. 

“The N.B.A. has been in cooperation with China for many years,” Geng Shuang, a spokesman for the Ministry of Foreign Affairs, said at a regular news briefing on Tuesday. “It knows clearly in its heart what to say and what to do.”

The league has also been getting flak in the United States for appearing to kowtow to China, prompting a longer, more reflective statement on Tuesday. While the N.B.A. commissioner, Adam Silver, continued to express the league’s “affinity” for China, he also said that it couldn’t regulate its employees’ speech.

For businesses, China’s national ire has tended to focus on a single issue, despite the changing targets: the country’s sovereignty.

This summer, Givenchy, Coach and Versace each apologized to China for producing T-shirts that seemed to identify Hong Kong, along with other places claimed by Beijing, as an independent country. They all stopped selling the clothes.

Navigating the potential for backlash in China’s commercial landscape now involves managing not just products, but employees and anyone else affiliated with a company.

As the pro-democracy movement took hold in Hong Kong this summer, Cathay Pacific Airways, the city’s flagship airline, came under immense pressure from Beijing to discipline employees who were sympathetic to the protesters. In a matter of days, Cathay’s chief executive was replaced and several employees, including a pilot, were fired.

On Tuesday, the American video game company Blizzard suspended a Hong Kong player and rescinded his prize money after he donned goggles and a respirator — items that have come to symbolize the protests — and called for the liberation of the city in a post-match interview. Blizzard is a subsidiary of Activision Blizzard, which is partly owned by the Chinese company Tencent.

In a statement on Tuesday, Blizzard said the player had violated a competition rule barring any act that “brings you into public disrepute, offends a portion or group of the public, or otherwise damages Blizzard image.”

“While we stand by one’s right to express individual thoughts and opinions, players and other participants that elect to participate in our e-sports competitions must abide by the official competition rules,” the company said.

The political land mines aren’t always easy to see.

The upscale jeweler Tiffany found itself at the center of a social media firestorm on Monday after posting an image of a model covering her eye with her right hand. To many Chinese internet users, the gesture evoked another symbol of the Hong Kong protests: a woman shot in the eye with a police beanbag round during a demonstration, whose image later appeared in countless posters and memes.

The photo posted by Tiffany had been taken in May, before the protests started. But it was a no-win situation for the company, which had already warned investors that it would be hurt by the drop in tourism amid the protests in Hong Kong, its fourth-largest market by sales. Mainland China is a much larger market, and the company has been rapidly expanding its presence there.

The photo “was in no way intended to be a political statement of any kind,” a spokesman for Tiffany said in an emailed statement, after the offending tweet was deleted. “We regret that it may be perceived as such, and in turn have removed the image from our digital and social media channels and will discontinue its use effective immediately.”

The backlash can go both ways.

In an effort not to run afoul of the mainland, Vans recently removed several entries from its annual sneaker design contest that alluded to the protests in Hong Kong. After that, several streetwear stores in Hong Kong pulled all Vans products from their shelves.

“Creativity is one of the keys to solving our social problems,” said Second Kill, a streetwear store in the Mong Kok district, in an Instagram post announcing its decision to stop selling Vans products. “Neither creativity nor public opinion can be erased.”

The N.B.A. on Tuesday appeared to temper its earlier apology over Mr. Morey’s tweet, seemingly to respond to criticism in both China and the United States.

For those “who question our motivation, this is about more than growing our business,” Mr. Silver, the league’s commissioner, said in a statement. He said basketball could be “an important form of people-to-people exchange that deepens ties” but noted that the two countries had different political systems.

“It is inevitable that people around the world — including from America and China — will have different viewpoints over different issues. It is not the role of the N.B.A. to adjudicate those issues,” Mr. Silver said in the statement.

“However,” he added, “the N.B.A. will not put itself in a position of regulating what players, employees and team owners say or will not say on those issues.”’

[whitehousepetitions]

More than 2-million citizens of HK has taken to the streets for freedom in the past 3 months, against brutality of police. Some crew members of HK's airline, Cathay Pacific, have expressed sympathy to the protestors. The Chinese Communist Party has thuggishly threatened the airline to give in names of crews who showed any support to the movement, through threatening to ban the airline from China's airspace. The CEO resisted, and resigned. The CCP has now turned to force resignation of individual members, including managements, pilots, and newly the head of flight attendants' union simply because she expressed in private her support to HK! Politicisation of aviation jeopardises the xOpen Skiesx policy and risks the safety of civilians! For safety, please boycott all Chinese airlines!

[courtneytincher]

Joshua Wong Vows to Keep Fighting After Arrest: Hong Kong Update

(Bloomberg) -- Tensions spiked in Hong Kong ahead of what could be a 13th straight weekend of protest, as police arrested several top opposition figures including Joshua Wong after banning a mass march scheduled for Saturday.The moves signaled a harder line by the government against the largely leaderless protest movement, which began in June over a bill allowing extraditions to mainland China before morphing into a wider push against Beijing’s increasing grip on the city. While Wong and a fellow activist were later released on bail, the arrests could fuel unauthorized gatherings that have sparked confrontations with police in recent weeks.Embattled leader Carrie Lam this week called for a dialogue with the opposition while refusing to rule out invoking a sweeping colonial-era law that allows for easier arrests, deportations, censorship and property seizures. The unrest in the Asian financial hub now threatens to distract from China’s celebrations of the Oct. 1 70th anniversary of Communist Party rule.Here’s the latest (all times local):Wong Vows to Fight (6:01 p.m.)After being released on bail, Wong and Agnes Chow, another democracy activist who was arrested, vowed to continue the fight for democracy. He also warned Chinese President Xi Jinping about using force to quash the protests.“I urge the international community to send a message to President Xi, sending troops or using emergency ordinance is not the way out,” he said.Wong, Chow Granted Bail: Ming Pao (5:05 p.m.)Wong and Agnes Chow, another democracy activist, were granted bail, Ming Pao newspaper reported, citing the presiding judge. Their hearing has been adjourned until November 8.China Rejected Lam’s Concession: Reuters (2:23 p.m.)The Chinese central government earlier this summer dismissed a proposal by Hong Kong Chief Executive Carrie Lam to withdraw the controversial extradition bill, Reuters reported on Friday. Beijing ordered Lam not to yield to any of the protesters’ other demands at that time, the report said, citing three unidentified people with direct knowledge of the matter.District Councilor, Prominent Activists Arrested (1:04 p.m.)Sha Tin District Councilor Rick Hui was arrested and was at Kwun Tong police station, his assistant said. It came after prominent young activists Joshua Wong and Agnes Chow were arrested Friday morning, according to their Demosisto party. The group said the two were taken to the Wan Chai police headquarters and that they had arranged lawyers to handle the cases.Police confirmed the arrest of a 22-year-old man with the last name Wong on three alleged offenses, including organizing and inciting others to participate in unauthorized assembly. They also confirmed the arrest of a 22-year-old woman with the last name Chow.Protesters Cancel March (12:03 p.m.)Key protest organizer the Civil Human Rights Front said it would cancel Saturday’s planned march after failing to obtain a police permit, the group’s Vice Convener Bonnie Leung said. CHRF said it didn’t want participants to bear the legal consequences of taking part in an illegal assembly. Hong Kong authorities earlier rejected the group’s appeal, she said.Andy Chan Arrested (9:53 a.m.)Radio Television Hong Kong reported that pro-independence activist Andy Chan, founder of the banned Hong Kong National Party, was arrested at the city’s airport. It came the morning after Chan posted about his imminent detention on his personal Facebook page.Cathay Warns Staff (8:40 a.m.)Cathay Pacific Airways Ltd. warned staff not to take part in next week’s general strike, according to an internal memo sent from Tom Owen, the company’s director of people. Those participating in the strike risk getting fired, the memo said. Cathay will monitor attendance closely, it said. It reiterated that it had zero tolerance for any support or participation in illegal protests. “Cathay Pacific Group does not approve of this strike,” Owen said in the memo.Upcoming EventsA disruption of airport infrastructure has been planned for Sunday afternoon, along with a protest outside the British consulate in the city center.There are then calls for a two-day citywide general strike to begin Monday, accompanied by rallies kicking off at 1:30 p.m. in various parts of the city. Some students also plan “class boycott” rallies.Strike rallies will continue Tuesday afternoon, including at Chater Garden, in the central business area. Students plan to protest again.\--With assistance from Natalie Lung, Annie Lee and Justin Chin.To contact Bloomberg News staff for this story: Karen Leigh in Hong Kong at kleigh4@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Daniel Ten KateFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

from Yahoo News - Latest News & Headlines

(Bloomberg) -- Tensions spiked in Hong Kong ahead of what could be a 13th straight weekend of protest, as police arrested several top opposition figures including Joshua Wong after banning a mass march scheduled for Saturday.The moves signaled a harder line by the government against the largely leaderless protest movement, which began in June over a bill allowing extraditions to mainland China before morphing into a wider push against Beijing’s increasing grip on the city. While Wong and a fellow activist were later released on bail, the arrests could fuel unauthorized gatherings that have sparked confrontations with police in recent weeks.Embattled leader Carrie Lam this week called for a dialogue with the opposition while refusing to rule out invoking a sweeping colonial-era law that allows for easier arrests, deportations, censorship and property seizures. The unrest in the Asian financial hub now threatens to distract from China’s celebrations of the Oct. 1 70th anniversary of Communist Party rule.Here’s the latest (all times local):Wong Vows to Fight (6:01 p.m.)After being released on bail, Wong and Agnes Chow, another democracy activist who was arrested, vowed to continue the fight for democracy. He also warned Chinese President Xi Jinping about using force to quash the protests.“I urge the international community to send a message to President Xi, sending troops or using emergency ordinance is not the way out,” he said.Wong, Chow Granted Bail: Ming Pao (5:05 p.m.)Wong and Agnes Chow, another democracy activist, were granted bail, Ming Pao newspaper reported, citing the presiding judge. Their hearing has been adjourned until November 8.China Rejected Lam’s Concession: Reuters (2:23 p.m.)The Chinese central government earlier this summer dismissed a proposal by Hong Kong Chief Executive Carrie Lam to withdraw the controversial extradition bill, Reuters reported on Friday. Beijing ordered Lam not to yield to any of the protesters’ other demands at that time, the report said, citing three unidentified people with direct knowledge of the matter.District Councilor, Prominent Activists Arrested (1:04 p.m.)Sha Tin District Councilor Rick Hui was arrested and was at Kwun Tong police station, his assistant said. It came after prominent young activists Joshua Wong and Agnes Chow were arrested Friday morning, according to their Demosisto party. The group said the two were taken to the Wan Chai police headquarters and that they had arranged lawyers to handle the cases.Police confirmed the arrest of a 22-year-old man with the last name Wong on three alleged offenses, including organizing and inciting others to participate in unauthorized assembly. They also confirmed the arrest of a 22-year-old woman with the last name Chow.Protesters Cancel March (12:03 p.m.)Key protest organizer the Civil Human Rights Front said it would cancel Saturday’s planned march after failing to obtain a police permit, the group’s Vice Convener Bonnie Leung said. CHRF said it didn’t want participants to bear the legal consequences of taking part in an illegal assembly. Hong Kong authorities earlier rejected the group’s appeal, she said.Andy Chan Arrested (9:53 a.m.)Radio Television Hong Kong reported that pro-independence activist Andy Chan, founder of the banned Hong Kong National Party, was arrested at the city’s airport. It came the morning after Chan posted about his imminent detention on his personal Facebook page.Cathay Warns Staff (8:40 a.m.)Cathay Pacific Airways Ltd. warned staff not to take part in next week’s general strike, according to an internal memo sent from Tom Owen, the company’s director of people. Those participating in the strike risk getting fired, the memo said. Cathay will monitor attendance closely, it said. It reiterated that it had zero tolerance for any support or participation in illegal protests. “Cathay Pacific Group does not approve of this strike,” Owen said in the memo.Upcoming EventsA disruption of airport infrastructure has been planned for Sunday afternoon, along with a protest outside the British consulate in the city center.There are then calls for a two-day citywide general strike to begin Monday, accompanied by rallies kicking off at 1:30 p.m. in various parts of the city. Some students also plan “class boycott” rallies.Strike rallies will continue Tuesday afternoon, including at Chater Garden, in the central business area. Students plan to protest again.\--With assistance from Natalie Lung, Annie Lee and Justin Chin.To contact Bloomberg News staff for this story: Karen Leigh in Hong Kong at kleigh4@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Daniel Ten KateFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

August 30, 2019 at 11:53AM via IFTTT

[supersportsnewsblog]

(Bloomberg) -- The analyst who issued a report warning investors to dump shares of embattled Cathay Pacific Airways Ltd. before they tumble to their lowest levels since 1998, is getting a lot of blowback after his controversial call.“Never before in my 12 years of investment analyst career have I received this much pressure on a particular stock rating,” Zhao Dongchen, who last week issued his inaugural report on Cathay with a “strong sell,” said in an emailed response to Bloomberg queries. “Never before in my 36 years of life am I under such heavy pressure.”Zhao, who’s head of equity research at the investment-banking arm of state-run giant Industrial & Commercial Bank of China Ltd., issued his report as Cathay was under fire from China and facing boycotts from government-run businesses because the carrier’s employees joined the anti-Beijing protests in Hong Kong. No other analyst is advising investors to sell Cathay and Zhao’s HK$6 target price is more than 40% below the stock’s current price.“We have one of China’s biggest state banks issuing an especially bearish and unusual sell recommendation on a private company in H.K. that is already the target of the Chinese state,” said George Magnus, a former UBS Group AG chief economist and author of “Red Flags: Why Xi’s China Is in Jeopardy.” “You don’t have to try hard to conclude that the interests of Chinese state banking institutions and the government are closely aligned.”Since Zhao’s report, which preceded the abrupt resignation of Cathay’s chief executive officer, shares of Hong Kong’s flag carrier have rebounded 6.1%, making it the fifth-best-performer among 64 listed global airlines tracked by Bloomberg.Meanwhile, Zhao has been facing pressure to cancel or delay interviews, change his rating or target price, and refrain from issuing research updates on Cathay since his Aug. 13 report, he said. “A lot of people” tried to persuade him to “go easy” on the company, Zhao said.Still, nobody influenced the report or its timing, and he stands by the call, Zhao said. He said that his research was independent and that people shouldn’t unfairly single out Chinese banks for having state ties because so do lenders in places like the U.K. and Singapore.In his report, entitled “Less Deserved to Fly,” Zhao criticized the Hong Kong carrier for potentially causing “irreversible damage” to the company’s brand because of “poor crisis management” in relation to the protests. The report said that a large-scale management reshuffle would be an “upside risk” for the company.“My strong sell rating is based on the difference between Cathay’s stock price and our target price,” he said. “Simple as that.” He said he won’t shy away from a “shock rating” as he believes contrarian reports to be more helpful to investors.Zhao said Cathay currently trades at a premium to other airlines in Asia, which he believes will “evaporate” because of factors ranging from the unrest in Hong Kong to the effects of the U.S.-China trade war on global commerce.Also, the airline’s management team has shown a “severe lack of composure” in dealing with crises, including a recent data breach and problems with the Chinese regulator, Zhao said.So what’s Zhao’s advice for Cathay now?“Be a better company,” he said.Cathay Pacific declined to comment.Zhao, who typically focuses on raw materials research, runs a team of 21 equity analysts covering 8 sectors at Hong Kong-based ICBC International.Zhao’s primary expertise lies away from airlines, with the analyst voted number one for China energy research by Institutional Investor this year, according to ICBC. He started covering Cathay for ICBC International only in March, though he said he has kept a close watch on industries such as transportation.In 2006, when he first started out in a mutual fund, Zhao said he covered airlines for about three months. “To me, the airlines sector has never been a stranger,” he said.Yet Zhao stands alone among his peers in his bearish view of Cathay. Of the 19 analysts tracked by Bloomberg, 13 have the equivalent of a buy rating and 5 have holds.“Strong sell is the wrong rating on the stock at the moment,” said Mark Webb, an analyst at GMT Research in London who previously covered the stock for 18 years at HSBC Holdings Plc. “Only a significant deterioration in the situation in Hong Kong would make it go significantly lower from here.”Asked why Zhao appears to only assign his harshest ratings to foreign companies such as Rio Tinto Plc, Vale SA and BHP Group Ltd, while only giving buy ratings for Chinese companies such as Shandong Gold Mining Co., Zhao said:“I did just issue a strong sell rating on Cathay Pacific, didn’t I? That’s a Hong Kong-incorporated company, not a foreign one.”To contact Bloomberg News staff for this story: Evelyn Yu in Shanghai at yyu263@bloomberg.net;Gregor Stuart Hunter in Hong Kong at ghunter21@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, ;Christopher Anstey at canstey@bloomberg.net, Christopher JasperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

from RSSMix.com Mix ID 8260727 https://ift.tt/33S7dbD

[eternal-bauhinian]

A fellow user who wishes to remain anonymous sent me these pictures.

For the first one, the very middle banner (red on left, teal on right, white words) says "I went to the marches and gatherings. Cathay Pacific can fire me now." This is in reference to the fourteen (plus) employees who lost their jobs at Cathay Pacific (HK'S flagship airline) because of their differing political allegiances a while back (for the record, the former CEO did not appear to be a Blue Ribbon, but the new one definitely is).

The second and third are aimed at the Americans and the French, respectively. The Second Amendment of the US Constitution protects the people's right to keep and bear arms. Although I support strong gun control policies, it is somewhat reasonable that this be brought up, considering how the police have arrested people for the possession of "offensive weapons", i.e. laser pointers, as well as snuck weapons into their bags and then arrested them for the charge. The third one references the French Revolution, comparing the LegCo (Legislative Council) with the Bastille and Mainland China with the tyranny of the king, the clergy and the nobility (the First and Second Estates General, respectively).

This banner (which can be read in both English and Traditional Chinese) refers to the fact that the cops allegedly killed some protesters during the Skirmishes at the MTR stations in the past week or so, and that the government has not yet addressed the issue.

The first piece of artwork shows a girl in a helmet and a gas mask. The words on the helmet mean "please do not shoot in the direction of protesters' heads", addressing the problem that some cops have been aiming at the heads of the protesters, of whom have been injured by the shots.

The second one shows text meaning "God bless Hong Kong", and the third means "Hongkongers, Add Oil". 'Add oil' is literally translated from a Cantonese/Chinese slang phrase meaning 'go' and 'keep it up' in an encouraging manner. It was added to the Oxford Dictionary about a year ago.

This poster refers to the Mass Transit Railway as the "Most Terrible Railway", and in Chinese, 港鐵 (pronounced "gong teet", lit. HK railway) as 黨鐵 (pronounced "dong teet", lit. gang/triad/ally - often used derogatorily - railway). This is because skirmishes have been occurring quite regularly in MTR stations, from Prince Edward to Sha Tin, last night. On top of this, the actions of the MTR company, e.g. closing down stations, may indicate support for the police force - which owns over half of the MTR in the first place.

(Also, the translations above are what they symbolize, not really their literal meanings, because Chinese doesn't create new words often - we combine pre-existing logograms to form new concepts, like how 'computer' is literally 'electricity brain' and 'notes' - as in notebook - means 'pen record'.)

For the record, the skirmish at Sha Tin was recorded live. I saw it on (CC)TVB last night, and without context, you would think they protesters were the crazy ones (exactly what they want the 'uneducated' public to think) - some were throwing (thankfully empty) trash bins, mooncake tins and umbrellas at the cops, who had to wrestle down a protester to handcuff him.

Meanwhile, this morning, an associate (not same person as above) sent me this picture from University Station of the East Rail Line:

The words spray-painted onto the wall by the station entrance/exit says 'jump (over the) gates', essentially telling any supporters not to pay for their subway fees (so that the "anti-protest" MTR earns less money and thus receives less support). They also spray-painted the University Station sign outside the station to say "Gang Railway" as well but my informant did not get a good picture of it. Although I am not happy about the alleged MTR support for the government either, I am disappointed in how whoever that did this spray-painted on the walls and signs. Though I am anti-government myself, I do not condone lawbreaking to this extent, i.e. vandalism.

This final picture from my initial informant states a message that translates to "By the power of the truth, I, while living, have conquered the universe". I do hope that the truth will set us free, but alas, we will have to continue our uphill battle to take back the night.

[clobov]

(Bloomberg) -- The analyst who issued a report warning investors to dump shares of embattled Cathay Pacific Airways Ltd. before they tumble to their lowest levels since 1998, is getting a lot of blowback after his controversial call.“Never before in my 12 years of investment analyst career have I received this much pressure on a particular stock rating,” Zhao Dongchen, who last week issued his inaugural report on Cathay with a “strong sell,” said in an emailed response to Bloomberg queries. “Never before in my 36 years of life am I under such heavy pressure.”Zhao, who’s head of equity research at the investment-banking arm of state-run giant Industrial & Commercial Bank of China Ltd., issued his report as Cathay was under fire from China and facing boycotts from government-run businesses because the carrier’s employees joined the anti-Beijing protests in Hong Kong. No other analyst is advising investors to sell Cathay and Zhao’s HK$6 target price is more than 40% below the stock’s current price.“We have one of China’s biggest state banks issuing an especially bearish and unusual sell recommendation on a private company in H.K. that is already the target of the Chinese state,” said George Magnus, a former UBS Group AG chief economist and author of “Red Flags: Why Xi’s China Is in Jeopardy.” “You don’t have to try hard to conclude that the interests of Chinese state banking institutions and the government are closely aligned.”Since Zhao’s report, which preceded the abrupt resignation of Cathay’s chief executive officer, shares of Hong Kong’s flag carrier have rebounded 6.1%, making it the fifth-best-performer among 64 listed global airlines tracked by Bloomberg.Meanwhile, Zhao has been facing pressure to cancel or delay interviews, change his rating or target price, and refrain from issuing research updates on Cathay since his Aug. 13 report, he said. “A lot of people” tried to persuade him to “go easy” on the company, Zhao said.Still, nobody influenced the report or its timing, and he stands by the call, Zhao said. He said that his research was independent and that people shouldn’t unfairly single out Chinese banks for having state ties because so do lenders in places like the U.K. and Singapore.In his report, entitled “Less Deserved to Fly,” Zhao criticized the Hong Kong carrier for potentially causing “irreversible damage” to the company’s brand because of “poor crisis management” in relation to the protests. The report said that a large-scale management reshuffle would be an “upside risk” for the company.“My strong sell rating is based on the difference between Cathay’s stock price and our target price,” he said. “Simple as that.” He said he won’t shy away from a “shock rating” as he believes contrarian reports to be more helpful to investors.Zhao said Cathay currently trades at a premium to other airlines in Asia, which he believes will “evaporate” because of factors ranging from the unrest in Hong Kong to the effects of the U.S.-China trade war on global commerce.Also, the airline’s management team has shown a “severe lack of composure” in dealing with crises, including a recent data breach and problems with the Chinese regulator, Zhao said.So what’s Zhao’s advice for Cathay now?“Be a better company,” he said.Cathay Pacific declined to comment.Zhao, who typically focuses on raw materials research, runs a team of 21 equity analysts covering 8 sectors at Hong Kong-based ICBC International.Zhao’s primary expertise lies away from airlines, with the analyst voted number one for China energy research by Institutional Investor this year, according to ICBC. He started covering Cathay for ICBC International only in March, though he said he has kept a close watch on industries such as transportation.In 2006, when he first started out in a mutual fund, Zhao said he covered airlines for about three months. “To me, the airlines sector has never been a stranger,” he said.Yet Zhao stands alone among his peers in his bearish view of Cathay. Of the 19 analysts tracked by Bloomberg, 13 have the equivalent of a buy rating and 5 have holds.“Strong sell is the wrong rating on the stock at the moment,” said Mark Webb, an analyst at GMT Research in London who previously covered the stock for 18 years at HSBC Holdings Plc. “Only a significant deterioration in the situation in Hong Kong would make it go significantly lower from here.”Asked why Zhao appears to only assign his harshest ratings to foreign companies such as Rio Tinto Plc, Vale SA and BHP Group Ltd, while only giving buy ratings for Chinese companies such as Shandong Gold Mining Co., Zhao said:“I did just issue a strong sell rating on Cathay Pacific, didn’t I? That’s a Hong Kong-incorporated company, not a foreign one.”To contact Bloomberg News staff for this story: Evelyn Yu in Shanghai at yyu263@bloomberg.net;Gregor Stuart Hunter in Hong Kong at ghunter21@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, ;Christopher Anstey at canstey@bloomberg.net, Christopher JasperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

from RSSMix.com Mix ID 8870618 https://yhoo.it/33QCBap

[dailynewsfeedtoday]

'Tiananmen' crackdown?

'Tiananmen' crackdown? (First column, 16th story, link)

Related stories: Chinese prepare to use giant fork on Hong Kong protesters... Run on banks? 'MULAN' Star Supports Crackdown; Calls for DISNEY Boycott... CATHAY PACIFIC CEO resigns after Beijing pressure...

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source https://tracking.feedpress.it/link/20202/12747300

[utopiedujour]

Contestation à Hong Kong: des entreprises pro-démocratie menacées de boycott

Les médias d'Etat chinois, relayés par des réseaux sociaux étroitement contrôlés, ont multiplié les appels à boycotter des entreprises soupçonnées de soutenir les manifestants pro-démocratie qui envahissent quotidiennement les rues de Hong Kong. Parmi les cibles privilégiées de cette campagne orchestrée par Pékin figurent la compagnie aérienne hongkongaise Cathay Pacific, une maison de thé taïwanaise et le fabricant japonais de Pocari Sweat, une boisson énergétique très populaire. "Les quatre péchés de Cathay Pacific Airlines", titrait la semaine dernière le Quotidien du peuple, l'organe de presse du Parti communiste au pouvoir, en énumérant des actions des personnels du groupe considérées comme favorables au mouvement de contestation. from Challenges en temps réel : Économie https://ift.tt/2YVvwla via IFTTT

[78682homes]

Contestation à Hong Kong: des entreprises pro-démocratie menacées de boycott 78682 homes

http://www.78682homes.com/contestation-a-hong-kong-des-entreprises-pro-democratie-menacees-de-boycott

Contestation à Hong Kong: des entreprises pro-démocratie menacées de boycott

Les médias d’Etat chinois, relayés par des réseaux sociaux étroitement contrôlés, ont multiplié les appels à boycotter des entreprises soupçonnées de soutenir les manifestants pro-démocratie qui envahissent quotidiennement les rues de Hong Kong.Parmi les cibles privilégiées de cette campagne orchestrée par Pékin figurent la compagnie aérienne hongkongaise Cathay Pacific, une maison de thé taïwanaise et le fabricant japonais de Pocari Sweat, une boisson énergétique très…

homms2013

#Informationsanté