Hong Kong Stock Market Wrap Mar. 30th, 2010

Ajisen (China) (538 HK) posted a profit of HK$314 million for the year 2009, up 42 per cent. Earnings per share were 29.45 HK cents. A final dividend of 7.5 HK cents per share and special dividend of 7.5 HK cents per share were declared. (Hong Kong Economic Journal P.12)

Bank of Communications (3328 HK), China's fifth-largest lender by assets, posted a 5.6 per cent increase in 2009 profit, driven by higher revenue from fee-based business, such as credit cards and wealth management. Earnings per share were 0.61 yuan. A final dividend of 0.1 yuan per share and interim dividend of 0.1 yuan were declared. (Sing Tao Daily B5)

Cheung Kong Holdings (1 HK), billionaire Li ka-shing’s property developer, said 2009 profit rose 53 per cent to HK$19.8 billion, as economic growth in China and Hong Kong lifted home sales and the value of its properties. Earnings per share were HK$8.59. A final dividend of HK$2.2 per share was declared. (Sing Tao Daily B2)

China Agri-Industries (606 HK) reported a profit of HK$1.95 billion for the year 2009, down 26 per cent year on year, mainly due to the decreasing price of raw materials and related products. Earnings per share were 51.7 HK cents. A final dividend of $5.9 HK cents per share was declared. (Sing Tao Daily B6)

China Communications Services (552 HK) recorded a net profit of 1.599 billion yuan for the year 2009, up 20.5 per cent. Gross profit margin dropped marginally to 16.1 per cent. A final dividend of 0.1108 per share was declared, up by 21.4 per cent. (Hong Kong Economic Times A12)

Chinese Estates (127 HK) posted a net profit of HK$8.65 billion for the year 2009, returning to the black. Core profit dropped 68 per cent to HK$1.42 billion, if the net income of HK$7.23 billion from ma r non-cash items was excluded. A final dividend of 1 HK cent per share was declared. (Hong Kong Economic Times A12)

China Taiping Insurance (966 HK) recorded a net profit of HK$825.7 million for the year 2009, compared with a net loss of HK$486 million in 2008. Earnings per share were 52.7 HK cents. No final dividend was declared. (Hong Kong Economic Times A12)

Cosco Pacific (1199 HK) reported full-year net income of $173 million, slumping 37 per cent year on year, as the economy recession harmed the world trade. Earnings per share were 7.66 US cents. A final dividend of 1.199 US cents per share was declared. (Sing Tao Daily B5)

Country Garden (2007 HK) posted a net profit of 2.8 billion yuan for the year 2009, up 50 per cent. While the profit actually declined 30 per cent to 1.83 billion yuan, if gains on equity swap were excluded. Earnings per share were 12.73 fens. A final dividend of 4.5 fens yuan per share was declared. (Hong Kong Economic Journal P.13)

Ports Design Limited (589 HK) recorded a net profit of 468 million yuan on strong retail sales for the year 2009, up 11 per cent. A final dividend of 0.24 yuan per share was declared. (Hong Kong Economic Journal P.12)

Henderson Land Development Co., (12 HK) the Hong Kong developer controlled by billionaire Lee Shau-kee, said net profit for the 18 months to December 2009 was HK$14.32 billion. Earnings per share were HK$2.84. A total dividend of HK$1.30 per share was declared. (Sing Tao Daily B4)

The SFC suspended Hontex International’s shares (946 HK) from trading yesterday at 9 a.m. for a case of misleading information being given out. It was only the fifth order given by SFC in ten years. (Sing Tao Daily B6)

Hutchison Whampoa (13 HK), billionaire Li Ka-shing’s biggest company, reported full-year profit of HK$14.17 billion, surging 12 per cent as mobile-phone losses narrowed. Earnings per share were HK$3.32. A final dividend of HK$1.22 per share was declared. (Sing Tao Daily B2)

Nine Dragons Paper (148 HK) said fiscal half-year profit ended at last December was 1.037 billion yuan, surging 2.2 times. Earnings per share were 23 fens. An interim dividend of 2 fens per share was declared. (Sing Tao Daily B5)

Zijin Mining (2899 HK) recorded a profit of 3.55 billion yuan for the year 2009, up 15 per cent, mainly help by the high gold price last year. The company realized an average gold price of around US$965.97 per ounce, up 9.41 per cent from the same period last year. (Hong Kong Economic Times A12)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 29th, 2010

AAC Acoustic Technologies (2018 HK) posted a net profit of HK$615 million for the year 2009, up 4.2 per cent. A final dividend of 15.5 HK cents was declared. The company also said it has sealed mobile handsets deals with South Korean plants. (Hong Kong Economic Times A12)

Anhui Conch (914 HK), China’s biggest cement maker, earned 3.5 billion yuan for the year 2009, up 34 per cent compared with a year ago, mainly helped by increasing domestic demand. Earnings per share were 1.98 yuan. A final divided of 0.35 yuan per share was declared. A bonus issue of 10 shares for every 10 shares was recommended. (Sing Tao Daily B3)

China Construction Bank Corp. (939 HK), the nation’s second-largest lender by assets, plans to raise funds on Shanghai and Hong Kong’s securities markets “this winter or next spring”, as part of efforts to keep its capital adequacy ratio above 11.5 per cent in the coming five years. (Sing Tao Daily B1)

China Singyes Solar Technologies (750 HK) said it would put more focus on the solar business in the future, which contributed 30 per cent to its revenue for the year 2009. (Hong Kong Economic Journal P.6)

Chi a Yurun Food (1068 HK), a Chinese meat manufacturer, reported a profit of 1.7 billion yuan for the year 2009, surging 53 per cent compared with a year ago. Earnings per share were 1.089 yuan. A final dividend of 15 fens was declared. (Sing Tao Daily B3)

China Shineway Pharmaceutical (2877 HK) announced a profit of 767 million yuan for the year 2009, a sharp increase of 93 per cent from last year. Earnings per share were 0.93 yuan. A final dividend of 12 cents yuan per share and special dividend of 15 cents yuan per share were declared. (Hong Kong Economic Journal P.6)

Citic Resources Holdings Ltd (1205 HK), a Chinese metal producer turned energy supplier, may consider acquiring two or three oil asset in Asia and Africa as oil price recovers. The company also said it is ready to list its Mang business on Hong Kong bourse separately. (Hong Kong Economic Times A10)

Flyke International (1998 HK), an athletic-shoe producer, jumped 14 per cent to HK$2.16 in debut. The company earns HK$520 per share for the investors on its first trading day. (Sing Tao Daily B3)

Geely (175 HK) has completed the purchase of the assets of Volvo Car from corporate parent Ford Motor. Its share price closed at HK$4.16, up 1.46 per cent. (Hong Kong Economic Journal P.4)

The mainland car producer Great Wall Motor (2333 HK) announced that its target car sales of this year would be 300 to 350 million and capital expenditure would be 2 billion yuan, as the exporting market is rebounding. (Sing Tao Daily B3)

Huandian Power (1071 HK), a Chinese electricity producer, will have to raise fund in the next three or four years for at least one time to maintain the gearing under 80 per cent, said its CEO. The company’s total capital expenditure in the next four years will be 84 billion yuan. (Sing Tao Daily B2)

SJM Holdings (880 HK), the Macau casino operator controlled by billionaire Stanley Ho, reported a profit of HK$907 million for the year 2009, surging 13.9 per cent year on year. Earnings per share were 18.1 cents. A final divided of 9 HK cents was declared, up 50 per cent. (Sing Tao Daily B2)

S E A Holdings (251 HK) posted a net profit of HK $1.12 billion last year, up 16 times year-on-year. Earnings per share were HK$1.74. A final dividend of 6 HK cents per share was declared. (Hong Kong Economic Journal P.10)

The Hong Kong’s family-run lender Wing Hang Bank (302 HK) reported a profit of HK$1.247 billion for the year 2009, up 3.7 per cent compared with a year ago. Earnings per share were HK$4.08. A final dividend of HK$0.5 per share was declared. (Sing Tao Daily B2)

Xtep International (1368 HK) recorded a net profit of 650 million yuan for the year 2009, up 27 per cent. Earnings per share increased by 11 .0 per cent to 29.79 cents yuan. A final dividend of HK$10 cents per share and a special dividend of HK$5 cents per share were declared. (Hong Kong Economic Journal P.6)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 26th, 2010

Aluminum Corporation of China (2600 HK) recorded a loss of 4.643 billion yuan amid financial crisis and prolonged low price of aluminum. No final dividend was declared for the year 2009. (Hong Kong Economic Journal P.6)

An insider disclosed that CCB (939 HK) might raise more than 40 billion yuan and Central Huijin, its major shareholder, would be a part of the re-financing plan. Analysts estimated that CCB is very likely to issue A-shares convertible bonds and new H-shares to lower any impact on A-shares market. (Sing Tao Daily B13)

China Resources Land (1109 HK), new blue-chip constituent of Hang Seng Index, posted a profit of HK$4.4 billion for the year 2009, up 1.2 times. The growth in core profit, after deducting gains on property appreciation of around HK$2.3 billion, was below expectations. Earnings per share was 90 HK cents and a final dividend of 18.3 HK cents per share was declared.

Guangzhou Pharmaceutical (847 HK) earns 241 million yuan, up 18.1 per cent compared with a year ago. Income from operations for the period reached 3.802 billion yuan, up 10.2 per cent year-on-year. Earnings per share was 0.265 yuan. A final dividend of 5 fens per share was declared. (Hong Kong Economic Journal P.6)

Automobile sales for Great Wall Motor (2333 HK) in the year 2009 grew more than 6.87 times, driving its net profit up 99.4 per cent to 1.023 billion yuan. A final dividend of 0.25 yuan per share was declared. (Hong Kong Economic Times A12)

Long Success International (8017 HK) would acquire 60 per cent equity interest for HK$280 million in the BVI Company. The joint venture will mainly engaged in production and sales of biodegradable resin. (Hong Kong Economic Journal P.6)

Zhongsheng Group (881 HK) jumped by 7 per cent in the debut on the Hong Kong bourse, closing at HK$10.72. Shareholders earned HK$360 per share. (Sing Tao Daily B12)

China Petroluem (386 HK), Asia’s biggest refiner, announced its first acquisition of a foreign oil field stake. The company also reported its 2009 profit, which more than doubled to 61.8 billion yuan. Earnings per share were 71.2 fens. A final dividend of 11 fens per share was declared. (Sing Tao Daily B14)

China Huiyuan (1886 HK) reported a profit of 233 million yuan for the year 2009, up 1.6 times compared with a year ago. Losses per diluted share were 6.9 fens. A final dividend of 4 fens per share was declared. (Hong Kong Economic Journal P2)

China Shipping (1138 HK) reported a profit of 1.056 billion yuan for the year 2009, down 80.2 per cent compared with a year ago. Earnings per share were 31.28 fens. A final dividend of 10 fens per share was declared. (Sing Tao Daily B13)

Geely Autonmobile (175 HK), a Chinese car producer, bought Volvo Cars from Ford Motor Co. for $18 billion. The deal was the biggest overseas acquisition by a Chinese automaker. (Hong Kong Economic Journal P4)

PetroChina (857 HK), the world's biggest company by market value, plans to invest up to US$600 billion yuan in the next eight to ten years in five cooperation zones including central Asia and Africa, according to the CEO. The total production of gas and oil will achieve 400 million tons, with a half coming from abroad. (Hong Kong Economic Times A3)

United Company Rusal (486 HK) is in talks on financing two new production plants. The two plants are expected to boost the firm's annual capacity by one million tonnes of aluminum.(Sing Tao Daily B14)

Weiqiao Textile (2698 HK) reported a profit of 892 million yuan, up 49.7 per cent compared with a year ago, mainly due to the increasing domestic demand. Earnings per share were 0.75 yuan. A final dividend of 23.35 fens per share was declared. (Hong Kong Economic Times A8)

Zhaojin Mining (1818 HK) reported a better-than-expected earnings of 751 million yuan for the year 2009, surging 40 per cent year on year, helped by gold price increase and production growth. Earnings per share were 0.52 yuan. A final dividend of 0.22 yuan per share was declared. (Hong Kong Economic Journal P10)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 25th, 2010

A8 Digital Music (800 HK) posted a net profit of 10.2 billion yuan, a gain of about 27 per cent. A final dividend of around HK$0.05 per share was declared. (Hong Kong Economic Times A12)

Chigo Holding (449 HK) recorded a net profit of 31.5 billion yuan for the year 2009, representing a significant increase of 230.3 per cent, on the back of preferential policies launched by the government. (Hong Kong Economic Times A12)

China Everbright (165 HK), the unit of the nation’s largest state-owned investment group, said its profit jumped 3.71 times to HK$4.76 billlion, mainly due to the A-share listing of its associate, Everbright Securities Co., Ltd. (Sing Tao Daily B2)

China Resources Enterprise (291 HK) earned HK$2.913 billion for the year 2009, up 25.45 per cent compared with a year ago, mainly due to the strong increase in beer business and profit from property revaluation. Earnings per share were HK1.22 yuan. A final dividend of HK$0.35 per share was declared. (Sing Tao Daily B3)

Emperor Watch & Jewellery (887 HK) mulled on opening 10 to 20 branches on the mainland this year and injecting more capital to develop jewellery business, according to its CEO in an announcement. (Sing Tao Daily B3)

Fosun International Limited (656 HK) more than doubled its profit to 4.65 billion yuan for the year 2009, up 250 per cent year on year. Earnings per share were 0.72 yuan. A final dividend of 16.4 HK cents per share was declared. (Hong Kong Economic Journal P6)

(0709) GIORDANO INTERNATIONAL LIMITED POSTS BETTER-THAN-EXPECTED ANNUAL RESULTS The company reported a profit of HK$290 million, down 0.7 per cent compared with a year ago. A final dividend of HK$0.164 per share was recommended by the Board. (Hong Kong Economic Times A12)

Huaneng Power International Inc. (902 HK) reported a net profit of 4.9 billion yuan for the year 2009 on lower coal and unit fuel costs. The firm plans to further lower its fuel costs for the coming years. (Hong Kong Economic Times A10)

Hainan Meilan International Airport (357 HK) recorded a net profit of 18 billion yuan for the year 2009, down 3 per cent. The Board proposed to declare a final dividend of HK$0.2 per share. (Hong Kong Economic Times A12)
Huiying Household Applicances (1280 HK) jumped 44 per cent on its debut, recording the highest first-day increase compared with that of all the new listed companies this year. The stock closed at HK$2.44, raising 1,500 yuan per share. (Sing Tao Daily B1)

Industrial and Commercial Bank of China (1398 HK), the world’s largest lender by market value, will sell up to 25 billion yuan of convertible bonds and will seek shareholder approval to issue stock equivalent of as much as 20 per cent of equity capital in Hong Kong. (Sing Tao Daily B1)

Kunlun Energy Company limited (135 HK), formerly known as CNPC (Hong Kong) Limited, reported a profit of HK$1.2 bliion, down 6.4 per cent compared with a year ago. The company will earmark natural gas sector as its main business. (Sing Tao Daily B2)

KWG Property (1813 HK) nearly doubled its profit to 4.27 million yuan for the year 2009, surging 171 per cent compared with a year ago, helped by strong sales. Earnings per share were 26 fens. A final dividend of 5 fens per share was declared. (Sing Tao Daily B2)

The world’s biggest company by market value PetroChina (857 HK) reported a profit of 1.034 billion yuan, down 9.7 per cent year one year, in line with analysts’ estimates. Earnings per share were 0.56 yuan. A final dividend of 0.13 yuan per share was declared. (Sing Tao Daily B2)

Yuexiu Property Company Limited (123 HK) recorded a net loss of 697 million yuan, mainly because it has recorded a non-cash loss of 1.6 bliion yuan. No final dividend is declared. (Sing Tao Daily B2)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 24th, 2010

Belle International Holdings Limited (1880 HK) reported a profit of 2.53 billion yuan, up 26 per cent year on year, helped by fast expansion and increasing sales. Earnings per share were 30.04 fens. A final dividend of 4 fens per share was declared. (Sing Tao Daily B2)

China Huiyuan Juice Group’s (1886 HK) net profit was up 1.6 times to 230 million yuan. A final dividend of 0.04 yuan per share was declared (Hong Kong Economic Times A14)

China Unicom (762 HK) reported a profit of 9.607 billion yuan, down 35 per cent year-on-year, mainly due to the relatively slower growth of customer volume. Earnings per share were 4.02 fens. A final dividend of 16 fens per share was declared. (Sing Tao Daily B2)

Rumour said it that China Sci-Tech Holdings Limited (985 HK) would raise US$10 billion (HK$7.7 bliion) through a new share placement. The capital will be used for an acquisition of a copper mine in Peru. (Sing Tao Daily B2)

Chia Dongxiang (Group) Co., Ltd. (3818 HK) recorded a profit of 1.4 billion yuan, increasing 6.8 per cent compared with a year ago. Earnings per share were 25.76 fens. A final dividend of 3.91 fens and special dividend of 9.04 fens per share was declared. (Sing Tao Daily B2)

Dah Sing Banking Group’s (2356 HK) net profit for the year 2009 amounted to HK$600 million, up 2.19 times. Earnings per share were HK$0.6. No final dividend was declared.(SingTao Daily B3)

Emperor Watch & Jewellery Limited (887 HK) reported a profit of HK$196 million, down 12 per cent compared with year ago due to the financial tsunami. Turnover increased 46 per cent to HK$2.686 billion. Earnings per share were 4.3 HK cents. A final dividend of 0.85 HK cents per share was declared. (Sing Tao Daily B2)

Industrial And Commercial Bank Of China (349 HK), the world's largest lender by market value, earned 2.526 billion yuan for the year 2009, climing1.6 times compared with a year ago. The bank also announced to provide HK$100 million against its Dubai-related loan exposure. Earnings per share was 1.95 yuan. A final dividend of 57 fens per share was declared. (Sing Tao Daily B5)

Li & Fung (494 HK), the biggest supplier to retailers including Wal-Mart Stores Inc., earned HK$3.37 billion, climbing 33 per cent compared with a year ago. Earnings per share was HK$0.97. A final dividend of HK$0.49 per share was declared. (Sing Tao Daily B2)

Scud Group (1399 HK) reported a profit of 46.84 million yuan for the year 2009. A final dividend of 2 HK cents per share was declared. (Hong Kong Economic Times A14)

Singamas Container (716 HK) recorded a loss of US$51.914 million for the year 2009. No final dividend was declared. (Hong Kong Economic Times A14)

Sinopharm Group Co. Ltd. (1099 HK) reported a profit of 8.4 blilion yuan, up 44 per cent year-on-year, meeting analysts’ expectation. The company announced to aquire the business distribution of its parent company, CNPGC, for 1.19 billion yuan. Earnings per share were 0.47 yuan. A final dividend of 1.01 fens per share was declared. (Sing Tao Daily B5)

Sinotrans Limited (598 HK) said it plans to boost capital spending this year from the 1.6 billion yuan it spent in 2009. The company is eyeing minority investments in mainland Chinese pots and expecting more taker service from its parent company state-owned China National Foreign Trade Transportation (Group) Co. (Hong Kong Economic Journal P6)

Sinotruk’s (3808 HK) turnover rose 4.7 per cent to 27.22 million yuan for the year 2009. A final dividend of HK$ 0.06 per share was declared. (Hong Kong Economic Journal P.4)

Television Broadcasts’ (511 HK) net profit fell to HK$900 million. A final dividend of HK$1.35 per share was declared. (Hong Kong Economic Journal P.4)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 23rd, 2010

Bank of China (3988 HK), the nation’s biggest lender, recorded a better-than-expected profit of 81.1 billion yuan, climbing 20.5 per cent compared with a year ago, helped by a credit boom and lower impairment losses on assets. (Sing Tao Daily B1)

China Unicom’s (762 HK) wholly-owned subsidiary China United Network Communications will issue commercial paper of 15 billion yuan on March 30. (Hong Kong Economic Journal P.8)

China Lilang (1234 HK) reported a profit of 330 million yuan, up 97 per cent compared with a year ago. Earnings per share were 37.87 fens. A final divided of 11 fens per share was declared. (Hong Kong Economic Journal P9)

China Oriental Group (581 HK), a Chinese steel producer, reported a profit of 880 million yuan, surging 19.8 times compared with a year ago, mainly due to the increase in sales volume. (Sing Tao Daily B4)

(0923) FOOK WOO GROUP HOLDINGS LIMITED MARGIN OVERSUBSCRIBED OVER 100 TIMES Paper recycling company Fook Woo Group’s margin was subscribed over 100 times. The company will be listed on March 30. (Hong Kong Economic Journal P.6)

Fufeng Group (546 HK) more than doubled its profit to 930 million yuan for the year 2009. Earnings per share were 0.56 yuan. A final dividend of HK$0.15 per share was declared. (Hong Kong Economic Journal P.6)

Hong Kong Energy (987 HK) plans to acquire a wind energy asset from HKC (Holdings) Limited (0190). The company proposes a capital expenditure of up to HK$350 million each year. (Hong Kong Economic Journal P.9)

Huaneng Power (902 HK) posted a profit of 4.9 billion yuan, compared with a loss of 3.93 billion yuan a year ago. Earnings per share were 41 fens. A final divided of 21 fens per share was declared. (Sing Tao Daily B2)

Little Sheep Group (968 HK), a mainland hot pot chain, reported a profit of 150 million yuan, up 20 per cent year-on-year. Earnings per share were 15.12 fens. A final dividend of 6.9 HK cents per share was declared. (Sing Tao Daily B4)

Qingling Motors (1122 HK) gained 4.49 billion for the year 2009, up 13.4 per cent compared with a year ago. The proposed final dividend of 8 fens per share was declared. (Hong Kong Economic Times A13)

Sino-Ocean Land said the company won’t be affected much from the withdrawal of its second largest shareholder COSCO International Holdings (0517), in accordance with a government's interdiction that state-owned companies divest themselves of shares in real estate companies.
(Sing Tao Daily B4)

Wharf Holdings (4 HK) reported a net profit of HK$7.82 billion, up 86 per cent compared with a year ago. A final dividend of 6.4 HK cents per share was declared. (Sing Tao Daily B4)

The United Laboratories International Holdings (3933 HK) reported a net profit of HK$541 million yuan, up 25.9 per cent year-on-year. The sales also scaled to new heights in its history to HK$4.46 billion. Earnings per share were HK$0.451. A final divided of 19 HK cents per share was declared. (Hong Kong Economic Journal P9)

Wharf Holdings (20 HK) recorded a profit of HK$4.44 billion, up 94 per cent compared with a year ago. A final dividend of 10 HK cents per share was declared. (Sing Tao Daily B4)

Wumart Stores (8277 HK), a mainland retailer, recorded a profit of 438 million yuan, down 11 per cent year-on-year. The company said it is looking for acquisition target on the mainland to expand its business. (Sing Tao Daily B4)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 22nd, 2010

China Automation Group (596 HK) has recorded a net profit of 210 million yuan for the year 2009, surging 26 per cent from a year ago. Earnings per share were 21.91 fens. A final dividend of 4.4 fens per share was declared. (Hong Kong Economic Journal P.6)

China Telecom (728 HK) reported a profit of 13.1 billion yuan, down 34 per cent compared with a year ago. Earnings per share were 0.16 yuan. A final dividend of 8.5 HK cents per share was declared. (Sing Tao Daily B3)

China Resources Power Holdings (836 HK) reported a profit of HK$5.32 billion, up 209.6 per cent year-on-year, mainly due to the decreasing coal price. Earnings per share was HK$1.16, representing an increase of 190.2 per cent compared with a year ago. A final dividend of HK$0.32 per share was declared. (Sing Tao Daily B1)

Fantasia Holdings (1777 HK) has posted a net profit of 373 million yuan for the year ended December in 2009, surging 343 per cent year-on-year. Earnings per share were 10 fens. A final divided of 1.75 HK cents per share was declared. (Sing Tao Daily B2)

The Chinese developer Hopson Development (754 HK) reported a profit of 5.8 billion yuan, surging 195 per cent compared with a year ago. Earnings per share was 3.77 yuan. No final dividend was declared. The company said the capital was reserved to meet the future development demands. (Sing Tao Daily B2)

Lee Kee Holdings (637 HK) said its net profit for the year 2009 amounted to HK$107 million, surging 17.8 times year-on-year. Earnings per share were 12.9 HK cents. A final dividend of 2.5 HK cents and a special dividend of 8 HK cents per share were declared. (Hong Kong Economic Journal P.5)

PetroChina (857 HK) announced that CS CSG (Australia) Pty Ltd., a joint venture set up by PetroChina and Royal Dutch Shell, will acquire the entire stake in Arrow Australia at a price of A$4.7 per share for A$3.5 billion (HK$24.8 billion). (Hong Kong Economic Journal P.4)

Regal Hotel International has posted a net profit of HK$431 million for the year 2009, against a net loss of HK$809 million a year ago. Earnings per share were 42.6 HK cents. A final dividend of 6.8 HK per share was declared. (Hong Kong Economic Times A10)

Shenguan Holdings (829 HK) has recorded a net profit of 326 million yuan for the year 2009, rocketing 88.6 per cent compared with a year earlier. The company purposes to declare a final dividend of 4.6 HK cents per share. (Hong Kong Economic Times A12)

Shengzhen Expressway (548 HK) said its financial cost will amount to 500 million yuan this year. The current liquidity totalled to 400 million yuan and capital expenditure will be 2.23 billion yuan this year. (Sing Tao Daily B3)

(3377) SINO-OCEAN LAND HOLDINGS LTD PROFIT UP 14% The company reported a profit of 1.58 billion yuan, up 14 per cent compared with a year ago. A final dividend of 5 fens per share was declared. (Sing Tao Daily B2)

Skyworth digital (751 HK) has agreed to sign a contract with LG Display and Guangzhou Kent Holdings Limited to establish a joint venture producing and selling TFT-LCD material on the mainland. The company holds 10 per cent stake in this joint venture. (Sing Tao Daily B2)

TCC International Holdings (1136 HK) has posted a net profit of HK$120 million for the year 2009, against a net loss of HK$156 million a year ago. Earnings per share were 8.2 HK cents. A final dividend of 2 HK cents per share was declared. (Hong Kong Economic Journal P.5)

TCL Multimedia Technology has placed 72 million shares at a price ranging between HK$7.27 and HK$7.60 apiece to raise up to HK$547 million. The proceeds will be used for its expansion and general working capital. (Hong Kong Economic Journal P.6)

Tingyi Holdings (322 HK) reported a profit of US$3.83 billion, up 47 per cent year-on-year. Earnings per share were 6.68 US cents. A final divided of 3.43 US cents (HK$0.266) per share was declared. (Sing Tao Daily B2)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 19th, 2010

Aeon Stores (Hong Kong) (984 HK) said its net profit dropped 38 per cent year-on-year to HK$167 million for the year ended December 31 in 2009. A final dividend of 22.6 HK cents per share was declared. (Hong Kong Economic Times A10)

Chinalco, parent of Aluminum Corporation of China (2600 HK), announced that it has signed a non-binding memorandum of understanding with Rio Tinto Group to jointly develop the iron ore mine project in Simandou in Guinea. Chinalco will invest US$1.35 billion (HK$10.53 billion) in this project. (Hong Kong Economic Times A10)

China Resources Cement (313 HK) has posted a net profit of HK$1.01 billion for the year 2009, surging 32.8 per cent compared with a year ago. The company proposes no final dividend. (Hong Kong Economic Journal P.6)

Kai a Group (1638 HK) has recorded a net profit of 548 million for the year ended December 31 in 2009, rising 9.37 per cent year-on-year. Earnings per share were 13.8 fens. No final dividend was declared. (Sing Tao Finance B3)

Orient Overseas (International) (316 HK) has posted a net loss of US$402 million (HK$3.14 billion) for the year ended December 31 in 2009. The company proposes no final dividend. (Hong Kong Economic Times A10)

Rumor has it that SMIC (981 HK) plans to raise US$500 million (HK$3.875 billion) through a private equity placement or overseas convertible bond, according to sources. (Sing Tao Finance B3)

She zhen Expressway (548 HK) has recorded a net profit of 540 million yuan for the year ended December 31 in 2009, edging up 7.3 per cent year-on-year. Earnings per share were 0.248 yuan. A final dividend of 0.12 per share was declared. (Hong Kong Economic Journal P.6)

Air China (753 HK) announced that it has acquired 51 per cent shares of Shengzhen Airlines for 682 million yuan. (Hong Kong Economic Times, A12)

China Mobile (941 HK) confirmed to buy 20 per cent stake in Shanghai Pudong Development Bank this month. They will cooperate to develop combinations of phone service and financial products. (Hong Kong Economic Journal, P9)

China Telecom (728 HK) is estimated to earn a profit of HK$10.8 billion for the year 2009, down 30 per cent compared with a year ago, dragged down by the increasing cost and shrinking number of customers, according to Bank of America Merrill Lynch. (Sing Tao Daily B11)

Citic Pacific (267 HK) said it will sell its entire 65 per cent stake in Shijiazhuang Iron & Steel Co. for 1.58 billion yuan. (Hong Kong Economic Times A12)

Emcom International (8220 HK) has agreed to sell a property “Granville Identity shopping mall” in Tsimshatsui for HK$320 million to a company controlled by CSI Properties Limited (0497). (Sing Tao Finance B11)

Jiangsu Express (177 HK) reported a profit of 2.05 billion yuan, up 28.9 per cent year-on-year. Earnings per share were 0.4074 yuan. A final dividend of 31 cents per share was declared. (Hong Kong Economic Times A12)

Man Wah Holdings (1999 HK) will raise HK$2.87 billion yuan, equal to its market capital when it was a private company. The company has recorded 22.8 per cent growth in sales for the year 2009. (Hong Kong Economic Times, A12)

Zhong Sheng Holdings (881 HK) is likely to issue its new share at a price of HK$10.00 each, close to the bottom line of its IPO price range between HK$9.54 to HK$12.83, according to the estimates of Bloomberg. (Sing Tao Finance B11)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 18th, 2010

Bank of China (3988 HK) plans to issue new H-shares of US$ 70 billion and is almost ready for the preparation work, according to Financial Times.
(Sing Tao Finance B1)

China Mobile (941 HK) said profit amounted to 115 billion yuan for the year 2009, up 2.25 per cent compared with a year ago. Earnings per share were 5.74 yuan. A final dividend of 1.46 yuan per share was declared. (Sing Tao Finance B2)

China Overseas (688 HK) reported a profit of HK$7.47 billion for the year 2009, surging 48 per cent compared with a year ago. Earnings per share were 91.6 HK cents. A final dividend of 13 HK cents per share was declared. (Sing Tao Finance B4)

Fook Woo Group (923 HK) starts initial public offering today to raise up to HK$ 1.426 billion. The company will issue 620 million new shares at a price ranging between HK$ 1.68 and HK$ 2.30 per share. Entry fee is set at HK$ 4646 per board lot of 2000 share. (Sing Tao Finance B2)

GCL-Poly Energy Holdings (3800 HK) Limited said it plans to launch acquisition of certain companies in the Europe in the first half. (Sing Tao Finance B4)

GZI Real Estate Investment Trust (405 HK) said income was HK$530 million for 2009, up 7.4 per cent from a year ago. A final distribution of 25.18 HK cents per unit was declared.(Hong Kong Economic Times A16)

The Chinese sportswear brand Li Ning (2331 HK) said its same store sales in the first two months have increased 6.5 per cent. The company expects to achieve 10 per cent growth in 2010.(Sing Tao Finance B4)

Phoenix Satellite Television (2008 HK) said profit amounted to HK$300 million for 2009, up 4.5 per cent over the previous year. Earnings per share were 6.05 HK cents. A final dividend of HK$0.02 per share was declared. (Hong Kong Economic Journal P. 10)

Qunxing Paper (3868 HK) recorded a profit of 324.09 million yuan for 2009, down 15.5 per cent compared with a year ago. Earnings per share were 0.31 yuan. A final dividend of HK$0.074 per share was declared. (Hong Kong Economic Journal P. 10)

Regal REIT (1881 HK) said distributable income was HK$760 million for 2009, an increase of 11.2 per cent from the prior year. Final distribution per unit was 8.5 HK cents. (Hong Kong Economic Times A16)

Richly Field China (313 HK) plans to build an outlet and residence project in Hunan Changsha for HK$5 billion. The outlet will start operation next January at the earliest. (Hong Kong Economic Times A16)

Sinofert Holdings (297 HK) said loss amounted to 1.44 billion yuan for 2009, compared with a profit of 1.91 billion yuan the previous year. Loss per share was 0.2 yuan. No final dividend was declared. (Hong Kong Economic Times A14)

Stella International Holdings (1836 HK) reported an 18 per cent decline in net profit. The company earned US$ 102 million (HK$ 790 million) for the year 2009. Earnings per share were 12.9 US cents. A final dividend of 40 HK cents and a special dividend of 10 HK cents per share were declared. (Sing Tao Finance B2)

Transport International (62 HK) reported a profit of HK$ 673 million for the year 2009, up 2 per cent compared with a year ago. Earnings per share were HK$1.05. A final dividend of HK$1.67 per share was declared. (Sing Tao Finance B4)

Yuexiu Property (123 HK) said contracted GFA sold and sales revenue from January to February amounted to 130,300 sq. m. and 2.03 billion yuan, representing an increase of 157.5 per cent and 347.1 per cent year-on-year, reaching 24.1 per cent and 25.7 per cent of the sales target for the full year, respectively. (Hong Kong Economic Journal P. 13)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 17th, 2010

IPO: Mainland firm Goldwind plans to list on the Hong Kong bourse in June to raise US$1.5 billion (HK$11.7 billion). (Hong Kong Economic Journal P. 6)

(0688) CHINA OVERSEAS LAND & INVESTMENT LTD TO ESTABLISH INVESTMENT FUND The builder is planning to establish an investment fund, aiming to looking for development opportunities in mainland property market. The size of the fund ranges from 2.5 billion to 5 billion dollars (HK$ 19.5 billion to HK$39 billion). (Sing Tao Daily, B3)

The construction contractor (3311 HK) reported a profit of 6.31 billion for the year 2009, up 25.2 per cent compared with a year before. Earnings per share were 22.65 HK cents. A final dividend of 3.5 cents was declared. (Sing Tao Daily B3)

Larry Rong, the former chairman lost 8 billion in downsizing its share of Citic Pacific Ltd (267 HK) from 9.45 per cent to 8.27 per cent. (Sing Tao Daily B1)

HSBC (5 HK) may participate in the auction for a US$3.9 billion stake in Korea Exchange Bank, South Korea's sixth-largest lender. (Hong Kong Economic Times A13)

Kerry Properties (683 HK) has reported a 44 per cent leap in net profit to HK$4.39 billion, due to a significant fair value gain on investment properties. But underlying profit for last year fell 3.7 per cent to HK$2.15 billion. (Hong Kong Economic Times A13)

Mainland sportswear firm Li Ning (2331 HK) says net profit for last year surged 31 per cent from 2008 to 945 million yuan.

Man Wah (1999 HK) is offering 289 million shares to the market with a price ranging from HK$8,5 to HK$11.8 each. Entry is HK$4646, with 400 shares per broad lot. (Hong Kong Economic Journal P. 6)

Midland IC&I (459 HK) said profit amounted to HK$77million for 2009, compared with a loss of HK$607,000 over the previous year. Earnings per share were 0.568 HK cent. No final dividend was declared.

Miramar Hotel (71 HK) said it has recorded a profit of HK$240 million for the year 2009, compared with HK$164 million a year ago. The board proposed a dividend of 10 HK cents per share. (Hong Kong Economic Times A14)

(0017) NEW WORLD DEVELOPMENT COMPANY LIMITED PROFIT UP 83% The Hong Kong builder reported a profit of 18.62 billion, surging 83 per cent. A final dividend of 10 cents was declared. (Sing Tao Daily, B3)

Shangri-La Asia Limited (69 HK) said profit amounted to US$266 million (HK$2 billion) for 2009, an increase of 54 per cent over the previous year. Earnings per share were US$0.0889. A final dividend of HK$0.06 per share was declared. (Hong Kong Economic Times A13)

Towngas China (1083 HK) will buy piped-gas projects in the mainland from parent Hong Kong & China Gas (0003) for HK$1.72 billion by issuing new shares at HK$3.55 each. (Hong Kong Economic Times A14)

Tencent (700 HK) profit jumped 85 per cent to 51.55 billion yuan, mainly due to the constant profit growth from the online game industry. Earnings per share were 2.86 yuan. A final dividend of 40 cents was declared. (Sing Tao Daily B1)

(3322) WIN HANVERKY HOLDINGS LTD PROFIT UP 2.65% The Hong Kong clothes retailer reported a net profit of 22 billion, up 2.65 per cent. The sales declined 1.7 per cent due to lower demand resulting from the financial crisis. The company offsets the decrease by cost saving. (Sing Tao Daily, B3)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 16th, 2010

The operator of China’s biggest online commerce site, Alibaba.com Ltd (1688 HK), posted a 12.3 per cent decrease in net profit for 2009, because of adverse business conditions in the first half, investments in new technology and losses on its business management software division. The company reported a net profit of 1.01 billion yuan in 2009, compared to 1.16 billion yuan a year earlier. Its fourth quarter recorded the first quarterly gain in a year, as a rebound in Chinese exports helped boost revenue. (Hong Kong Economic Journal P. 8)

Asian Citrus (73 HK) said profit amounted to 247.48 million yuan for the six months ended 31 December 2009, up 65.7 per cent over a year ago. Earnings per share were 0.32 yuan. No interim dividend was declared. (Hong Kong Economic Times A13)

BBMG (2009 HK) said it has acquired a land plot in Beijing for 680 million yuan with a floor area of 91,000 square meters. The average price amounts to 7442 yuan per square meter. (Sing Tao Finance B3)

Chia Tai Enterprises International (121 HK) has agreed to surrender and accept convertible bonds worth HK$1.52 billion and issue 3.9 billion new convertible bonds preference shares at a price of HK$0.39 apiece. (Sing Tao Finance B3)

China Mobile (941 HK) announced that it has signed a strategic framework agreement with Jiangxi Government that the company will spend 12 billion yuan to improve network coverage there within 5 years. (Sing Tao Finance B3)

China Resources Gas (1193 HK) is looking at issuing new shares to fund acquisitions this year. The urban gas distributor estimates acquisitions will cost from HK$1.5 billion to HK$2 billion, 57 per cent less than last year. (Hong Kong Economic Times A13)

China Shenhua Energy Company (1008 HK) said its coal production will double in the next five years, while sales in 2013 may be twice the level of 2008, president and executive director Ling Wen said yesterday. (Hong Kong Economic Times A12)

Denway Motors (203 HK) said profit amounted to 1.91 billion yuan for the year ended 31 December 2009, down 8.6 per cent over a year ago, dragged by decline in revenue. A final dividend of 6 fens was declared. (Hong Kong Economic Times A13)

Dynamic Energy’s (578 HK) chairman said the company will acquire and restructure 22 coal mines in Henan within a year in phrases and plans to raise the production capacity. The company expects to spend HK$1 billion on these. (Sing Tao Finance B3)

Get Nice Holdings (64 HK) plans to place 300 million shares at a price of HK$0.5 apiece, a 7.4 per cent discount on the last trading price to raise HK$148 million. (Sing Tao Finance B3)

Newly Listed Huiyin Household Appliances (1280 HK) said it has recorded a margin subscription of HK$1.03 billion, 190 times oversubscribed. (Sing Tao Finance B1)

Peak Sport Products (1968 HK) has recorded a profit of 628.3 million yuan for the year 2009, surging 67.1 per cent. Earnings per share 0.36 yuan per share. A final dividend of HK12 cents per ordinary share is declared. (Hong Kong Economic Times A13)

Poly (Hong Kong) Investments (119 HK) will acquire four mainland property projects for HK$3.98 billion from its parent company. The property developer will pay its parent, Poly Group Corporation, HK$1.99 billion in cash and the balance through new shares. (Hong Kong Economic Journal P. 12)

Hong Kong and China Gas Company (3 HK) posted a profit of HK$5.17 billion for the year 2009, surging 20.3 per cent compared to 2008. Earnings per share for the year were 78.7 HK cents. A final dividend of 23 HK cents per share was declared. (Hong Kong Economic Times A12)

Wheelock Properties (49 HK) said profit amounted to HK$1.458 billion for 2009, an increase of 78.7 per cent from a year ago. Earnings per share were HK$0.7. A final dividend of HK$0.08 per share was declared. (Hong Kong Economic Times A12)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 15th, 2010

Bank of China (3988 HK) and Temasek Holdings may invest as much as 20 billion yuan to set up as many as 400 rural banks, and BOC would own a controlling stake in the joint venture, according to Bloomberg. (Hong Kong Economic Times A12)

Chinese battery and carmaker BYD (1211 HK) plans to boost capital spending by 59 per cent to 10 billion yuan in 2010 to expand its automobile production amid robust domestic demand. The company targets to sell 800,000 autos this year. (Sing Tao Finance B2)

China Life Insurance (2628 HK) said its accumulated premiums income for January and February amounted to 77.4 billion yuan, edging up 15 per cent year-on-year. (Sing Tao Finance B4)
China Taiping Insurance (966 HK) has signed a framework agreement with a potential buyer about the disposal of entire stake in Ming An Insurance Company (China) Limited. The disposal is subject to the approval from the regulatory. (Sing Tao Finance B4)

Leading offshore producer China National Offshore Oil Corp (883 HK) says it has agreed to pay US$3.1 billion to form a joint-venture with a major Argentine energy firm, helping to expand China’s access to natural resources in South America. (Hong Kong Economic Times A12)

Dynamic Energy (578 HK) has entered into a non-binding framework agreement about the possible acquisition of 22 coal mines in Henan Province. Total coal reserve and annual designed production capacity of the mines is over 50 million tons and 3.3 million tons respectively. (Sing Tao Finance B4)

Hi Sun Technology (China) (818 HK) recorded a profit of HK$85 million for 2009, down 25 per cent compared with a year ago. Earnings per share were 3.5 cents. No final dividend was declared.(Hong Kong Economic Journal P.7)

Hong Kong Resources (2882 HK) has agreed to acquire 40 per cent stake in China Gold Silver for HK$543.9 million. (Hong Kong Economic Journal P.7)

Integrated Distribution Services (2387 HK) has recorded a net profit of US$29.83 million for 2009, surging 21.6 per cent compared with a year ago. Earnings per share were 9.35 US cents. A final dividend of 30 HK cents per share was declared. (Sing Tao Finance B4)

New World Department Store China (825 HK) said its net profit has edged up 5.2 per cent to HK$272 million for the six months ended December 31 in 2009. A final dividend of 8 HK cents per share was declared. (Sing Tao Finance B3)

Regal Hotels International (78 HK), Paliburg Holdings Limited (0617) and Century City International Holdings Limited (0355) issued positive profit alert for 2009, expecting to return to the black. (Sing Tao Finance B4)

Samling Global (3938 HK) has posted a net profit of HK$206 million for the six months ended December 31 in 2009. Earnings per share were 2.89 HK cents. No final dividend was declared. (Sing Tao Finance B4)

Shanghai Forte Land (2337 HK) has recorded a net profit of 497 million yuan for 2009, surging 389 per cent year-on-year. Earnings per share were 0.196 yuan. A final dividend of 0.06 yuan per share was declared. (Sing Tao Finance B4)

Shougang Concord Century (103 HK) said it is expected to record a significant increase in profit for 2009 as compared to that for 2008 on rapid growth of the tyres industry and increasing demand for tyres. (Sing Tao Finance B4)

Sino-Ocean Land (3377 HK) has won a land bid in Beijing for 4.08 billion yuan. The land plot is located at the Chaoyang District, which will be used for residential housing, with a total construction area of 169,500 square meters. (Sing Tao Finance B4)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 12th, 2010

APAC Resources (1104 HK) announced to place 1.1 billion shares at HK$0.5 apiece, a 3.85 per cent discount to the closing price, to raise HK$535 million. (Hong Kong Economic Journal P. 6)

Shenhua Group, the controlling shareholder of China Shenhua Energy (1088 HK), said it decided to postpone the sale of its 10.8 billion yuan 5-year bonds. (Hong Kong Economic Times A12)

Sources said CLP (2 HK) Power is issuing HK$500 million 10-year US dollar-denominated fixed-rate notes, with 125 basis points higher than that of treasury bonds. (Hong Kong Economic Journal P. 6)

I-CABLE Communications (1097 HK) said loss amounted to HK$40.9 million for 2009, compared with a loss of $110 million over the previous year. Loss per share was 2 cents. No final dividend was declared. (Sing Tao Finance B4)

Bank of China (3988 HK), the country’s fourth-largest lender, issued 24.93 billion yuan 15-year subordinated bonds on 9 March. (Hong Kong Economic Times A12)

The Bank of East Asia (23 HK) expects profit to surge 10 per cent this year and hopes to become a shareholder of a fund firm in mainland. (Hong Kong Economic Times A12)

The Hong Kong and Shanghai Hotels (45 HK) has posted a net loss of HK$315 million for 2009, diving 61 per cent compared to the previous year. (Sing Tao Finance B4)

BYD (1211 HK) has posted a net profit of 3.794 billion yuan for the year ended December 31 in 2009, surging 270 per cent year-on-year. Earnings per share were 1.77 yuan. A final dividend of 0.33 yuan per share was declared. (Hong Kong Economic Journal A13)

CNOOC (883 HK) has agreed to acquire 50 per cent stake in Bridas Corporation, a unit of Bridas Energy Holdings in Argentina for US$3.1 billion (HK$24 billion) so to expand its market in Latin America. (Hong Kong Economic Journal A13)

Far East Global (830 HK) is seeking to raise up to HK$702 million in a Hong Kong initial public offering by issuing 362 million shares at a price ranging between HK$1.18 and HK$1.69 apiece. Entry fee is set at HK$3414.1 per board lot of 2000 shares. (Hong Kong Economic Journal P.6)

Fook Woo Group (923 HK), a paper recycling company, will kick off its initial public offering in Hong Kong on Friday to raise up to HK$1.4 billion. The offering price ranges between HK$1.68 and HK$2.30 per share. (Hong Kong Economic Journal P.6)

Shanghai International Shanghai Growth Investment (770 HK) has recorded a net profit of US$0.7 million for the year 2009, against a net loss of US$2 million for 2008. Earnings per share were 7.9 US cents. A special final dividend of 10 US cents per share was declared. (Sing Tao Finance B13)

Titan Petrochemicals Group (1192 HK) said it has agreed to sell a shipping vessel for US$18 million (HK$140 million). The company loses US$27.2 million (HK$212.2 million) upon the deal. (Sing Tao Finance B13)

Vodone (82 HK) said it is expected to record a profit for the year 2009 as compared to a loss for 2008 due to the improved performance of business and contributions of new businesses in 2009 including mobile lottery and mobile gaming. (Sing Tao Finance B13)

Zhejiang Expressway (576 HK) has recorded a net profit of 1.8 billion yuan for 2009, dropping 5.1 per cent year-on-year. A final dividend of 25 fens per share was declared. (Hong Kong Economic Journal A13)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 11th, 2010

Air China (753 HK) plans to raise up to 6.5 billion yuan by issuing 585 million new A shares at a price of 9.58 yuan apiece and 157 million H shares at a price of HK$6.62 apiece. (Sing Tao Finance B4)

Advanced Semiconductor (3355 HK) has recorded a net loss of 103 million yuan for 2009, narrowing 50 per cent compared with the net loss in 2008. Its chief executive officer Zhou Weiping said the company has recorded a significant growth in the number of order for February, hoping to return to the black this year. (Sing Tao Finance B4)

China Citic Bank (998 HK) said it plans to issue 15-year HK$25 billion subordinated bonds or hybrid bonds in the first half. (Hong Kong Economic Times A17)

China Railway Construction (1186 HK) announced in the A-share market that it has won several bids involving HK$39.8 billion. (Hong Kong Economic Journal P. 12)

Chu Kong Shipping Development (560 HK) recorded a profit of HK$75 million for 2009, down 35 per cent compared with a year ago. Earnings per share were 8.43 HK cents. A final dividend of HK$0.03 per share was declared. (Hong Kong Economic Times A18)

Fantasia (1777 HK) said its contracted sales for February amounted to 93 million yuan, growing 26.2 per cent compared with a year ago. Its contracted sales for January and February totalled 249 million yuan, surging 28.6 per cent year-on-year. (Sing Tao Finance B4)

Good Friend International (2398 HK) plans to issue 67.2 million units of TDR at the offer price of NT$14.5 (HK$3.54) per share to raise HK$233 million. (Sing Tao Finance B4)

Huiyin Household Appliances (1280 HK) has issued 320 million shares, while 22 per cent are existing shares, to raise as much as HK$540 million. Sources said its international share placement has been oversubscribed. (Hong Kong Economic Journal P. 8)

Lenovo Group (992 HK) announced that it will inject 2.5 billion yuan into developing new models and will focus on emerging markets this year. (Hong Kong Economic Journal P. 13)

JAN & FEB PREMIUM UP 43% Ping An Insurance (2318 HK) said its premium income for January and February amounted to 47.8 billion yuan, surging 43 per cent compared with a year ago. (Sing Tao Finance B4)

Sinotrans Shipping (368 HK) said profit amounted to US$106 million for 2009, down 69.4 per cent over the previous year. Earnings per share were US$0.027. A final dividend of HK$0.05 per share was declared. (Hong Kong Economic Journal P. 10)

Soho China (410 HK) has recorded a net profit of 3.3 billion yuan for the year 2009, surging 7.27 times year-on-year. Earnings per share were 63.6 fens. A final dividend of 20 fens per share was declared. (Sing Tao Finance B4)

Swire Pacific (19 HK) has recorded a net profit of HK$19.9 billion for the year 2009, surging 240 per cent year-on-year. The company recommended a final dividend of HK$2.20 per Class A share and HK$0.44 per Class B share. (Sing Tao Finance B5)

Taifook Securities (665 HK) has posted a net profit of HK$144 million for the year 2009, rocketing 16 times year-on-year. Earnings per share were 20.34 HK cents. The company proposed a final dividend of 10 HK cents per share. (Sing Tao Finance B5)

Value Partners (806 HK) has posted a net profit of HK$319 million for the year 2009, surging 3.8 times year-on-year. A final dividend of 8 HK cents per share was declared. (Sing Tao Finance B4)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 10th, 2010

Cathay Pacific (293 HK) has posted a net profit of HK$4.7 billion for the year ended December 31 in 2009, against a net loss of HK$8.696 billion in 2008. Earnings per share were HK1.193. A final dividend of HK$0.1 per share was declared. (Sing Tao Finance B3)

Chairman of the board of supervisors of CCB (939 HK), Xie Duyang, said the lender is considering for its financing plan but did not mention the scale. (Hong Kong Economic Journal P. 6)

China Everbright International (257 HK) has recorded a net profit of HK$372 million for 2009, surging 10 per cent compared with a year earlier. A final dividend of 1.2 HK cents per share was declared. (Sing Tao Finance B3)

China Mobile (941 HK) has agreed to buy 20 per cent stake in Shanghai Pudong Development Bank at a price of 18.03 yuan apiece, a 13 per cent discount on its last trading price, for 39.8 billion yuan. (Sing Tao Finance B2)

Chongqing Machinery & Electric Company (2722 HK) has agreed to buy the entire stake of six companies from UK Precision Technologies Group for HK$232 million yuan. (Hong Kong Economic Times A14)

Chu Kong Shipping Development Company (560 HK) has recorded a profit for the year 2009 amounting to HK$75 million, down 35 per cent against in 2008. Earnings per share were 8.43 HK cents. A final dividend of 3 HK cents per share was declared. (Hong Kong Economic Journal P. 6)

Citic Pacific (267 HK) said its net profit for 2009 amounted to HK$5.95 billion, against a net loss of HK$12.7 billion in 2008. Earnings per share were HK$1.63. A final dividend of HK$0.25 per share was declared. (Sing Tao Finance B2)

Convenience Retail Asia (8052 HK) has posted a net profit of HK$90.45 million for the year ended December 31 in 2009, edging up 1.8 per cent year-on-year. Earnings per share were 12.39 HK cents. A final dividend of 6 HK cents per share was declared. (Sing Tao Finance B3)

Geely Automobile (175 HK) said its parent Geely Holding Group has completed its refinancing to take over Volvo for HK$16.3 billion. (Hong Kong Economic Journal P. 6)

Hysan Development (14 HK) has recorded a net profit of HK$1.113 billion for the year ended December 31 in 2009, dropping 7.3 per cent year-on-year. A final dividend of 54 HK cents per share was declared. The company also appoints Mr. Yim Lui Fai Gerry, its currently executive director, as the new chief executive officer effective March 10. (Sing Tao Finance B2)

PICC Property and Casualty (2328 HK) announced that its direct premiums income for the period from January 1 to February 28 was 26 billion yuan, up 28 per cent compared to 20 billion yuan for the same period in 2009. (Hong Kong Economic Journal P. 6)

Sinotrans Shipping (368 HK) has recorded a net profit of US$106 million for 2009, plunging 69 per cent year-on-year. Earnings per share were 2.7 US cents. A final dividend of 0.64 US cent per share was declared. (Sing Tao Finance B2)

TCL Multimedia Technology (1070 HK) said its net profit for 2009 amounted to HK$397 million, against a net loss of HK$268 million in 2008. Earnings per share were 39.15 HK cents. A final dividend of 12 HK cents per share was declared. (Sing Tao Finance B3)

TOM Group (2383 HK) said loss amounted to HK$60.51 million for 2009, compared with a loss of HK$1.39 billion over the previous year. The loss per share was 1.55 HK cents. No final dividend was declared. (Hong Kong Economic Times A14)

Zhongsheng Group (881 HK) said it will resume the initial public offering in Hong Kong stock market in March. It plans to issue 286.6 million new shares at a price ranging between HK$9.54 and HK$12.83 apiece. Entry fee is set at HK$6479 per board lot of 500 shares. (Sing Tao Finance B2)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 9th, 2010

Bank of China’s (3988 HK) chairman Xiao Gang said the lender has no plan of fundraising in the A-share market in these two years after the completion of issuing convertible bonds for 40 billion yuan. (Sing Tao Finance B2)

BBMG (2009 HK) said it will form two JV with two mainland cement companies. BBMG will hold 80 per cent stake each in the new companies. (Sing Tao Finance B2)

China Life Insurance (2628 HK) announced that its net profit for 2009 may increase by over 200 per cent year-on-year, according to the China accounting standards for business enterprises. (Sing Tao Finance B2)

CHINA SOUTHERN AIRLINES (1055 HK) COMPANY LIMITED TO RAISE 10B YUAN China Southern Airlines plans to raise up to 10.75 billion yuan through private placement to repay bank loans and replenish working capital. (Hong Kong Economic Times A15)

Rumor has it that Citic Pacific (267 HK) is forced to sell Shijiazhuang Iron & Steel Co to Hebei Iron & Steel Group for 1.9 billion yuan. The company said it is in talks with the latter, but no agreement has been reached at this stage. (Sing Tao Finance B2)

Co-Prosperity (707 HK) announced for a top-up placement of 110 million shares at HK$0.41 apiece to raise HK$44 million. (Sing Tao Finance B2)

Flyke (1998 HK) plans to offer 200 million new shares at between HK$1.81 and HK$2.49 apiece. Entry fee is HK$2515 with 1000 shares per broad lot. (Sing Tao Finance B2)

Fubon Bank (Hong Kong) (636 HK) said profit amounted to HK$23 million for 2009, down 77.2 per cent over the previous year. A final dividend of HK$0.015 per share was declared. (Hong Kong Economic Journal P. 8)

Geely Automobile (175 HK) said its automobile sales amounted to 28,700 units for February, surging 54 per cent year-on-year. The automobile sales for the first two months totaled 72,600 units. (Sing Tao Finance B2)

HAECO (44 HK) posted a profit of HK$688 million, a decrease of 40 per cent from the 2008 profit of HK$1138 million. (Hong Kong Economic Journal P. 8)

Life style International (1212 HK) said profit amounted to HK$1.14 billion for 2009, up 23.2 per cent over the previous year. Earnings per share were 68.49 HK cents. A final dividend of HK$0.17 per share was declared. (Hong Kong Economic Times A15)

Pacific Century Premium Developments (432 HK) said profit was HK$594 million for 2009, up 15.79 per cent over the previous year. Earnings per share were HK$0.25. No final dividend was declared. However, the company proposed special dividend of HK$1.32 per share. (Sing Tao Finance B1)

The city’s biggest telecommunications operator posted a net profit of HK$1.61 billion for 2009, up 18 per cent from HK$1.27 billion in the previous year. It said it has no intention to table a new privatization offer as it reported substantial growth in its net profit for 2009. (Sing Tao Finance B1)

Sichuan Expressway (107 HK) said profit amounted to HK$827 million for 2009, rising 40 per cent over the previous year. A final dividend of 6.4 HK cents per share was declared. (Sing Tao Finance B2)

UC Rusal’s (486 HK) subsidiary RTI has reached a full and final settlement with Norden that the company will pay the latter US$23 million (HK$179 million). In addition, the company will enter into a new contract of affreightment for 2 million tones of bauxite with the latter. (Sing Tao Finance B2)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 8th, 2010

BBMG (2009 HK) has agreed to acquire a residential and commercial project in Chongqing for 1.21 billion yuan with a gross floor area of 430,000 square meters and an average price of 2789 yuan per square meter. (Sing Tao Finance B2)

Cheung Kong (1038 HK) has spent HK$700 million on acquiring a land in Guangdong for building cement production facilities. (Hong Kong Economic Times A12)

China Life (2628 HK) estimated that its net profit for the year 2009 may increase by over 200 per cent as compared to that of 2008. (Hong Kong Economic Journal P. 8)

China Overseas Land & Investment (688 HK) said its contracted sales for January and February amounted to HK$6.88 billion, rocketing 115 per cent year-on-year. Its contracted sales for February totalled HK$2.78 billion. (Sing Tao Finance B5)

China Railway (390 HK) said it has agreed to acquire the entire stake in CRPW from its parent for 408 million yuan. (Sing Tao Finance B2)

China Resources Land (1109 HK) said it has invested in six projects involving 30 billion yuan. The group expects proportion of profit from commercial property to rise to 40 per cent. (Hong Kong Economic Journal P. 7)

China Southern Airlines (1055 HK) plans to issue 1.77 billion A-shares and 312.5 million H-shares, at a price of 5.66 yuan and HK$2.73 apiece respectively to up to 10 specific investors, including its parent, for 10.75 billion yuan. (Sing Tao Finance B1)

China Strategic Holdings (235 HK) chair and non-executive director Mr. Frederick Ma Si Hang was appointed as independent non-executive director of China Resources Land, with effect from March 8. (Hong Kong Economic Times A12)

China Windpower (182 HK) said its net profit for the first nine months ended December 2009 amounted to HK$181 million, surging 55 per cent year-on-year. Earnings per share were 2.65 HK cents. No dividend was declared. (Sing Tao Finance B5)

Dah Chong Hong (1828 HK) has recorded a net profit of HK$710 million for 2009, surging 26 per cent compared with a year earlier. Earnings per share were HK$0.4. A final dividend of 11.29 HK cents per share was declared. (Sing Tao Finance B5)

Hutchison Telecommunications (215 HK) has recorded a net profit of HK$468 million for the year ended December 31 in 2009, soaring 103 per cent year-on-year. Earnings per share were 9.72 HK cents. A final dividend of 6.16 HK cents per share was declared. (Sing Tao Finance B2)

MTR (66 HK) will announce results today; brokers expect its core profit to drop 11 to 18 per cent to between HK$6.47 billion and HK$7.29 billion. (Hong Kong Economic Times A12)

Now TV announced that it has won the media rights to broadcast 304 matches of the Italian Serie A Championship matches in the next two football seasons, further enhancing now TV’s extensive coverage of Italy’s top professional football league. (Hong Kong Economic Journal P. 8)

PetroChina (857 HK) and Royal Dutch Shell have made a joint bid for Arrow Energy for at least A$3.3 billion (HK$23 billion), marking the first foray by a Chinese firm in Australia’s coal seam gas sector. (Sing Tao Finance)

Want Want (151 HK) China has posted a net profit of US$313 million for the year ended December 31 in 2009, jumping 19 per cent compared with a year ago. Earnings per share were 2.37 US cents. A final dividend of 1.5 US cents per share was declared. (Sing Tao Finance B2)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 5th, 2010

IPO: Far East Global Group, a building facade solutions provider, has gained listing approval from the Hong Kong stock exchange to list and will kick off its US$100 million (HK$780 million) initial public offering on March 17. (Hong Kong Economic Jounral P.9) Fook Woo Group plans to list on the Hong Kong bourse to raise US$150 million in early April. (Sing Tao Finance B16)

Development of Taobao under Alibaba (1688 HK) surges rapidly, rumour has it that Alibaba will spin off the unit for listing. Alibaba said it has no plan to list the online retail platform at this stage. (Sing Tao Finance B4)

Jiangxi Copper (358 HK) said it targets to produce 0.9 million tones of copper this year and expects sales to grow. (Hong Kong Economic Journal P. 6)

KWG Property (1813 HK) said it expects profit for the year to December to rise significantly compared with a year earlier. (Hong Kong Economic Times A10)

Maoye International Holdings (848 HK) Limited has posted a net profit of 470 million yuan for 2009, down 9.76 per cent from a year ago. Earnings per share were 0.091 yuan. A final dividend of 1.5 HK cents per share was declared. (Sing Tao Finance B4)

Shui On Land (272 HK) subsidiary Top Victory, together with SYKIZ, have made a successful bid for the land located in Yangpu District in Shanghai at a price of 1.26 billion yuan while Top Victory holds 99 per cent stake in the project. (Sing Tao Finance B4)

Shanghai-based developer SPG Land (Holdings) (337 HK), a high-end builder, said profit for the year to December rose 348 per cent to 678.52 million yuan from 151 million yuan a year earlier. (Hong Kong Economic Journal P. 6)

Standard Chartered (2888 HK) said it plans to list on the mainland, but the plan will be carried out probably in 2011. The lender currently holds 19.9 per cent stake in China Bohai Bank, it said it has no plan to buy other banks so far. (Hong Kong Economic Times A10)

China Aoyuan Property Group (3883 HK) expects its estimated unaudited consolidated net profit for the year ended December 31 in 2009 to record a substantial growth over and above that for the same period in 2008 on an increase in total sales of projects. (Hong Kong Economic Times A14)

Greentown China (3900 HK) has recorded contracted sales of 2 billion yuan for January and February, surging 264 per cent year-on-year. (Hong Kong Economic Times A14)

Huiyin Household Appliance (1280 HK) will kick off its initial public offering this Friday to raise up to HK$620 million with a price ranging between HK$1.29 and HK$1.69 apiece. (Sing Tao Finance B16)

Poly (Hong Kong) Investments (119 HK) said its contracted sales for January and February amounted to HK$2.1 billion with a floor area of 280,000 square meters. (Hong Kong Economic Times A14)

A bankruptcy petition was presented to the High Court by a creditor against Mr Yang, chairman and executive director of Proview International (334 HK), for an alleged debt in the sum of US$500 million. Yang intends to negotiate with the creditor for settlement. (Hong Kong Economic Jounral P.9)

Real Gold Mining (246 HK) has posted a net profit of 526 million yuan for 2009, surging 406 per cent year-on-year. Earnings per share were 0.7859 yuan. The company proposes no final dividend. (Hong Kong Economic Times A14)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 3rd, 2010

Asia Financial (662 HK) has recorded a net profit of HK$330 million for the year ended December 31 in 2009, against a net loss of HK$770 million in 2008. Earnings per share were HK$32.4. A final dividend of 6.5 HK cents per share was declared.(Sing Tao Finance B2)

China Grand Pharmaceutical (512 HK) and Healthcare announced that the Wuhan government has requested its subsidiary to move its production facilities within three years’ time for 700 million yuan to 1 billion yuan as comparison. (Sing Tao Finance B2)

China Life Insurance (2628 HK) has posted an unaudited accumulated premiums income of 41.8 billion yuan for January, surging 14 per cent year-on-year. (Sing Tao Finance B2)

CHINA MOBILE LTD (941 HK) The Company has commenced preliminary discussions with Shanghai Pudong Development Bank in relation to the potential subscription of new shares in SPD Bank. No details have been announced at this stage. (Hong Kong Economic Journal P. 6)

China Railway Construction (1186 HK) said it plans to issue 1.035 billion A-shares at a price of 7.74 yuan apiece to raise no more than 8 billion yuan. The proceeds will be used for acquiring the BOT project and other assets from its parent. (Sing Tao Finance B3)

Chong Hing Bank (1111 HK) said its net profit has soared for 2.8 times to HK$232 million for the year ended December 31 in 2009. Earnings per share were HK$0.53. A final dividend of HK$0.2 per share was declared. (Sing Tao Finance B2)

Clear Media Limited (100 HK) recorded a profit of HK$31 million for 2009, diving 81.18 per cent compared with a year ago. Earnings per share were 5.96 HK cents. No final dividend was declared.(Sing Tao Finance B2)

Grande Holdings (186 HK) has said that it expects a substantial loss for the year 2009 as compared to the results for 2008 on impairment loss recognized in respect of certain intangible assets consequent upon continuing uncertainty of the global economic conditions. (Sing Tao Finance B2)

(0115) GRAND FIELD GROUP HOLDINGS LTD Chair Tsang Wai-lun and wife Kwok Wai-man were found guilty of conspiracy to defraud as they lied to the shareholders and HKEx that the company was investing in a gas pipe project in Chongqing and thus gained approval to place 315 million new shares. (Hong Kong Economic Times A14)

HongKong Electric (6 HK) has recorded a net profit of HK$6.7 billion for 2009, dropping 17 per cent from a year ago. Earnings per share were HK$3.14. A final dividend of HK$1.49 per share was declared. (Sing Tao Finance B1)

Pay-television network i-Cable (1097 HK) insists it is in full compliance with its contract with FIFA and under no obligation to allow Hong Kong’s two free-to-air stations to screen any matches from the upcoming World Cup in South Africa. It said whatever happens it will broadcast the core matches on its free Channel One and will speed up connections to as many households as possible over the next three months. (Hong Kong Economic Times A14)

KWG Property (1813 HK) said its contracted sales for February amounted to 710 million yuan, growing 350 per cent year-on-year. The accumulated sales totalled 1.6 billion yuan, accounting for 16 per cent of its annual target sales this year. (Sing Tao Finance B2)

Smartone Telecommunications (315 HK) has posted a net profit of HK$111 million for the six months ended December 31 in 2009, surging 112 per cent year-on-year. Earnings per share were 20.7 HK cents. An interim dividend of 17 HK cents per share was declared. (Sing Tao Finance B2)

South China Land (8155 HK) announced, through a wholly-owned subsidiary, South China Hung Thai, it has successfully won the bid for a property development project in Shenyang Huanggu District for 1.177 billion yuan. (Sing Tao Finance B2)

Standard Chartered (2888 HK) has posted a net profit of US$3.279 billion for 2009, edging up 4.7 per cent from a year ago. Earnings per share were US$1.679 A final dividend of 44.8 US cents per share was declared. (Sing Tao Finance B2)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 2nd, 2010

IPO: Zhongsheng Group, a Chinese automobile dealer, delayed taking orders from institutions for a Hong Kong initial public offering to raise as much as HK$ 7.8 billion. (Sing Tao Finance B2)

AviChina Industry & Technology (2357 HK) plans to place 334.6 million shares so to raise up to US$150 million (HK$1.17 billion). (Hong Kong Economic Times A11)

Beijing Capital Land (2868 HK) said its contracted sales for January and February amounted to 940 million yuan with a total floor area of 90,000 square meters, soaring 87 per cent and 41 per cent respectively compared with a year ago. (Hong Kong Economic Times A11)

Brightoil Petroleum (933 HK) has recorded a net profit of HK$429 million for the six months ended December 31 in 2009, surging 150 per cent year-on-year. The company proposes no interim dividend. (Sing Tao Finance B2)

BYD (1211 HK) has entered into the MOU with Daimler about the cooperation in the areas of electric cars and parts and components. They will form a joint venture company to develop new electric cars for the market in China. (Hong Kong Economic Times A10)

China Daye Non-Ferrous Metals Mining (661 HK) said it is in talks with a vendor for a potential acquisition of a copper mine with at least 200,000 tonnes of reserves. Yet, no material terms have been agreed between the parties and there is no legally binding agreement signed. (Hong Kong Economic Times A11)

A subsidiary of China Gogreen Assets Investment (397 HK) has agreed to purchase a production system for the Thin-Film Solar PV Modules from Apollo Solar Energy Technology Holdings Limited (0566) for HK$661 million. (Hong Kong Economic Journal P.6)

PRICES (3968 HK) H-SHARE AT HK$10.06 EACH CM Bank announced that it has priced its H-share at HK$10.06 apiece for its planned rights offer to raise 22 billion yuan.
(Hong Kong Economic Journal P.6)

China National Materials (1893 HK) said it has obtained an approval from the regulatory to issue medium-term notes with a total amount of 1.7 billion with an interest rate of 4.69 per cent and with a term of five years in single or multiple tranches on the inter-bank bond market in China. (Hong Kong Economic Journal P.6)

Lam Soon (411 HK) has recorded a net profit of HK$1.1 billion for the six months ended December 31 in 2009, surging 13 times year-on-year. (Hong Kong Economic Journal P.6)

Pacific Basin Shipping (2343 HK) has posted a net profit of US$110 million, plunging 73 per cent compared with a year earlier. The company proposes a final dividend of 15 HK cents per share. (Hong Kong Economic Times A10)

Sands China (1928 HK) has posted a net profit of US$213.8 million, growing 21.7 per cent compared with a year ago. Earnings per share were 3.32 US cents. No interim dividend was declared. (Hong Kong Economic Journal P.6)

Shimao Property (813 HK) announced that its contracted sales for January and February have reached 3.6 billion yuan, surging 2.36 times year-on-year with a total floor area of 335,000 square meters. (Hong Kong Economic Times A11)

The Link REIT (823 HK) announced that its chief operating officer Ross O'Toole has resigned. Ross will be leaving on a date to be agreed with the chief executive officer, following a successful search for his replacement. (Sing Tao Finance B2)

Wing On Travel (1189 HK) announced that it has cancelled the placing of the convertible bonds and terminated the rights issue due to the proposed sales of 90 per cent stake in one of its wholly-owned subsidiary. (Hong Kong Economic Journal P.6)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Mar. 1st, 2010

China Merchants Bank (3968 HK), the country’s sixth-biggest lender, said its 1.3-for-10 rights issue for Shanghai-listed A shares will start registration on Thursday. Price per new share is at as much as 8.85 yuan. (Hong Kong Economic Times A12)

China Precious Metal Resources Holdings (1194 HK) said it has agreed to subscribe 79 million or 13 per cent new shares of Australian Norton Gold Fields Limited at A$0.25 apiece for HK$138 million. (Hong Kong Economic Journal P. 7)

CITIC Resources (1205 HK), a Chinese metals producer turned energy supplier, signed an electricity contract with Portland Aluminium Smelter yesterday with effect from 2016 to 2036. (Sing Tao Finance B3)

CK Life Sciences (775 HK) has recorded a net profit of HK$187 million for the year ended December 31 in 2009, against a net loss of HK$350 million a year ago. Earnings per share were 1.95 HK cents. No final dividend was declared. (Sing Tao Finance B3)

Country Garden (2007 HK) said its contracted sales for January and February amounted to 4 billion yuan, surging 71 per cent year-on-year. (Sing Tao Finance B2)

Gome Electrical (493 HK) said its wholly-owned subsidiary, Gome Appliance, received a copy of indictment in respect of an alleged bribery offence by organization served by the Second Intermediate People’s Court of Beijing Municipality last Thursday. (Hong Kong Economic Times A12)

Guangzhou R&F Properties (2777 HK), the biggest developer in the southern Chinese city, said contracted sales drop 11 per cent year-on-year in February to 2.1 billion yuan on slower activity during the Lunar New Year holiday. (Sing Tao Finance B2)

Guoco (53 HK) said its net profit amounted to HK$1.063 billion for the six months ended December 31 in 2009. Earnings per share were HK$3.27. An interim dividend of 80 HK cents per share was declared. (Sing Tao Finance B2)

ICBC (1398 HK) said its overseas assets amounted to US$40 billion for last year, rising 23 per cent to the prior year. (Hong Kong Economic Journal P. 7)

Kaisa Group (1638 HK) has agreed to sign a strategic alliance framework agreement with HNA Property to establish an alliance framework, exploring investment and business opportunities in various types of property projects on the mainland. (Sing Tao Finance B2)

Kingboard Chemical Holdings (148 HK) has posted a net profit of HK$2.396 billion for the year ended December 31 in 2009, surging 40 per cent year-on-year. Earnings per share were HK$2.837. A final dividend of 45 HK cents per share was declared. (Sing Tao Finance B3)

Kowloon Development (34 HK) has recorded a net profit of HK$1.214 billion for the year ended December 31 in 2009, against a net loss compared with a year ago. The company proposes a final dividend of 32 HK cents per share. (Sing Tao Finance B2)

Ping An Insurance (2318 HK) said it has no plan to privatize Shenzhen Development Bank and denies the rumour of merger. (Hong Kong Economic Journal P. 7)

Polytec Asset Holdings Limited (208 HK) has posted a net profit of HK$886 million for last year with a final dividend of 1.5 HK cents. (Hong Kong Economic Times A12)

Sands China (1928 HK) parent said EBITDAR of subsidiaries Venetian Macao and Sands Macao for last year were US$557 million and US$245 million respectively, rising 11.5 per cent and 14.1 per cent year-on-year.(Hong Kong Economic Times A12)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard

Hong Kong Stock Market Wrap Feb. 26th, 2010

IPO: Rumour has it that Prudential, the UK’s largest insurer, is in negotiations to buy AIA for more than US$30 billion (HK$234 billion), according to Financial Times. The market thinks that the AIA’s plan of IPO in Hong Kong may change. (Hong Kong Economic Journal P1). Huiyin Household Appliances, a mainland’s retail chain operator and distributor of home appliances, plans to list on the Hong Kong bourse by the end of March to raise between US$60 million and US$80 million (HK$468 million and HK$624 million). (Hong Kong Economic Journal P4)

Asia Coal Ltd (835 HK) said it has terminated the acquisition of 90 per cent share of Shouyang Maijie due to policy change in Shanxi Government that the vendor may encounter difficulties in completing the reorganization. (Hong Kong Economic Journal P. 4)

Kunming Ultra Big, an indirect wholly owned subsidiary of China Forestry (930 HK), has agreed to acquire forestry rights of the Ninglang Land for a period of 30 years for 464 million yuan from Fuxin Environment. Kunming Ultra Big is principally engaged in the business of forestry plantation and forest operation. (Hong Kong Economic Times A10)

China Mengniu (2319 HK) announces that Mr. Yao Tongshan has tendered his resignations to the board, resigning from his positions as an executive director and the chief financial officer of the company. (Hong Kong Economic Times A10)

China Zenith Chemical (362 HK) said it has agreed to place up to 440 million top-up shares at HK$0.2 apiece, a discount of 15.61 per cent to the latest stock price of HK$0.237 per share to raise HK$87 million for working capital. (Hong Kong Economic Journal P. 4)

Dalian Port (2880 HK) announced that its profit in 2009 would have increased by 10.4 per cent as compared with that in 2008. The company proposed a final dividend of 25 cents per share yuan. (Hong Kong Economic Times A10)

Global Sweeteners Holdings Ltd (3889 HK) has gained approval from Taiwan to seek a secondary listing on the local bourse by issuing up to 100 million units of Taiwan Depository Receipts (TDRs) to raise NT$1.5 billion. (Hong Kong Economic Journal P. 4)

Vitar international (195 HK) has agreed to place 480 million new shares at HK$0.65 apiece to raise HK$310 million as working capital. The price is a 14.47 per cent discount to the closing price yesterday. (Hong Kong Economic Times A10)

Apollo Solar Energy Technology (566 HK) announced that its wholly owned subsidiary Apollo Precision (Fuijian) Limited has signed a sales and service contract with a joint venture company controlled by the Zhengzhou government for 579.7 million yuan. (Hong Kong Economic Times A12)

Beijing Jingkelong (814 HK) plans to issue 120 million A-shares in the Shanghai Stock Exchange for its development of chained shops. (Hong Kong Economic Times A12)China Railway Construction (1186 HK) announced that its A-share trading is suspended today as the company is planning for a non-public offering of shares. (Hong Kong Economic Journal P4)

GCL-Poly Energy (3800 HK) announced that its expected impairment loss for the year ended December 31 in 2009 arising from the acquisition will be substantially reduced following a reassessment of the accounting treatment for the acquisition. The issue on the financial statements and the meeting of the board has been adjourned to March 17. (Hong Kong Economic Times A12)

Ping An Insurance (2318 HK) said it has gained approval from regulatory for the proposed acquisition of Shenzhen Development Bank, executive vice president Sun Jianyi said. (Sing Tao Finance B11)

Winfoong International (63 HK) has recorded a net profit of HK$85.67 million for 2009, surging 115 per cent year-on-year. No final dividend was declared. (Sing Tao Finance B11)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard