Cheung Kong Infrastructure (1038 HK) chairman Victor Li Tzar-kuoi said the group is in several advance talks on overseas projects in different countries. The group would hold a press conference to announce these issues next week.
China Resources Power (836 HK) said its October net electricity generation has increased by 28 per cent to 6.4 million megawatt-hours.
Galaxy Entertainment Group (27 HK) announced that its revenue amounted to HK$2.853 billion, surging 16 per cent year-on-year. Earnings before interest, taxes, depreciation and amortization have climbed 181 per cent to HK$278 million from a year earlier.
Greentown China (3900 HK) Holdings announced that its total sales has reached 42.54 billion yuan for the period from January to October. The accumulated actual sales amounted to 41 billion yuan for the first ten months, surging 204 per cent from a year ago.
Hong Kong Exchanges and Clearing (388 HK), the world’s second-largest listed exchange operator, has recorded a net profit of HK$1.27 billion for the third quarter, jumping 33 per cent year-on-year. Net profit for the first three quarters amounted to HK$3.475 billion, lagging 12 per cent compared with a year ago. Average daily turnover has dropped 7 per cent to HK$66.7 billion, compared with the figure in the second quarter.
Mei Ah Entertainment (391 HK) chairman Tang Qingzhi said the company has gained a breakthrough in Japan as it has become the first local entertainment group entering mainstream Japan TV channels. The group plans to launch high definition TV channels in Japan.
Mongolia Energy Corporation (276 HK) announced that it has selected Leighton LLC as the international mining contractor for the development of Khushuut Mine. The company expected that Khushuut Mine could start operation in the first quarter of 2010.
Ping An Insurance (2318 HK) announced that total premium incomes of its subsidiaries Ping An Life Insurance Company, Ping An Property & Casualty Insurance Company of China, Ping An Health Insurance Company of China and Ping An Annuity Insurance Company of China for the first ten months (Hong Kong Economic Times A14)
Poly Investments (119 HK) announced that it has accumulated the rest 40 per cent stakes in Guiyang project for 154 million yuan. The group now fully owns the project.
Sino Biopharmaceutical (1177 HK) has recorded a net profit of HK$274 million for the nine months ended September 30, surging 36 per cent from a year ago. Earnings per share were 10.62 HK cents. An quarterly dividend of 1.5 HK cents per share was declared. A bonus issue of one share for every two existing shares will be given to the eligible shareholders.
Sino-Life Group (8296 HK) has posted a net profit of 10.96 million yuan for the nine months ended September 30, rocketing 560 per cent compared with a year ago. Net profit for the third quarter totalled 4.03 million yuan, against a loss of 1.51 million yuan a year ago. Earnings per share were 2.37 fens. No dividend was declared.
Solargiga Energy Holdings Limited (757 HK), China’s leading monocrystalline silicon solar ingots and wafers manufacturer, announced that its 300kW photovoltaic pilot project has commenced power generation successfully, which is another significant corporate development of the group subsequent to achieving turnaround in net profit with a profit margin of over 17 per cent in the third quarter.
Swire Pacific (19 HK) urged investment banks to submit IPO proposals on the listing of its spin-off property unit as it would like to list the unit as soon as possible when the property market is still active. Submission deadline is today. The listing of the property unit is expected to initiate in the first quarter of next year at the earliest.
Taifook Securities Group (65 HK) announced that its controlling shareholder, NWS Holdings Limited (0659) plans to sell part of or all of its stakes in the company. NWS Holdings Limited currently holds 61.86 per cent shares of Taifook Securities Group.
Tencent Holdings (700 HK) has posted a net profit of 3.69 billion yuan for the first three quarters, surging 92 per cent compared with a year ago on internet value-added services. Earnings per share were 2.027 yuan. No quarterly dividend was declared.
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
