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
