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
