Thursday, March 25, 2010

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