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
