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
