Anhui Conch Cement (914 HK) expected its net profit for the first quarter of 2010 to jump 90 per cent as its sale price and sales volume went up, driven by the increases in the State’s investments in fixed assets. Net profit for the first quarter of 2009 amounted to 409 million yuan and earnings per share amounted to 0.23 yuan. (Hong Kong Economic Journal P.8)
Anhui Expressway (995 HK) said it earned a net profit of 667 million yuan last year, a slight drop of 0.4 per cent from 2008. The company’s toll income surged 18 per cent in the first quarter and will reach 1.8 billion yuan this year, as mainland economy is recovering rapidly. (Sing Tao Daily B3)
Beijing North Star Company (588 HK) posted a net profit of 5.8 billion yuan for the year 2009, up 30 per cent year on year. Earnings per share were 44.86 fens. A final dividend of 3 fens per share was declared. (Sing Tao Daily B3)
Bonjour (653 HK) announced that it has signed a subscription agreement with Town Health International. The company is to issue 9,000,000 subscription shares to Town Health International at a price of HK$9.00 per share. (Hong Kong Economic Journal P.8)
China Eastern Airlines Co Ltd (670 HK) signed a strategic cooperation agreement with China Airlines, Taiwan province's premier airline on Tuesday to extensively cooperate on cargo flights, passenger flights, logistics, aircraft maintenance and marketing. The two carriers will extend their cooperation to some key areas such as code sharing. (Sing Tao Daily B5)
China Life Insurance (2628 HK), the nation’s biggest insurer, posted a profit of 32.881 billion yuan for the year 2009, surging 71.8 per cent year on year. The company realized investment gains of 21.2 billion yuan compared with 5.9 billion yuan of losses in 2008. Earnings per share were 1.16 yuan. A final dividend of 0.7 yuan per share was declared. (Sing Tao Daily B3)
China Merchants Bank (3968 HK) announced that it has received in total 63,704 valid acceptances and applications in respect of 1.917 billion H rights shares, approximately 426.18 per cent of the total number, more than 3 times oversubscribed. Based on the figures, 6.708 million H rights shares will be available for excess application. (Hong Kong Economic Times A15)
China National Materials Company (1893 HK) posted a net profit of 720 million yuan for the year 2009, up 27.45 per cent compared with a year ago. Earnings per share were 0.201 yuan. A final dividend of 2.5 fens per share was declared. (Sing Tao Daily B3)
Evergrade Real Estate (3333 HK), China’s third-biggest developer by market value, tops the mainland developers in the first quarter with the sales area of 1.295 million, mainly helped by profit from middle and small cities as well as increasing capital via Hong Kong listing last November. The company runs second with the sales amount of 8.53 billion yuan. (Sing Tao Daily B4)
Hidili Industry International (1393 HK) posted a net profit of 404 million yuan, down 60 per cent. Basic earnings per share amounted to 19.6 cents yuan in 2009.
A final dividend of 10 cents yuan per share was declared. (Hong Kong Economic Journal P.5)
Rumour said it that Hutchison Telecom (2332 HK) may sell its CDMA business in Thailand for 1.8 billion to CAT Telecom in the next three or four weeks. The company’s Thailand business has been suffering from loss for a long time due to the fierce mobile business competition. (Sing Tao Daily B3)
Golden Eagle Retail (3308 HK) posted a profit of 251 million yuan for the year 2009, down 59.1 per cent. The decrease was mainly because fair value changes of bond derivatives generated a loss of around 462 million yuan. Earnings per share were 0.137 yuan. A final dividend of 0.108 yuan per share was declared. (Hong Kong Economic Times A15)
GOME Electrical (493 HK) Appliances recorded a net profit of 1.4 billion yuan, up 34 per cent. Earnings per share were 0.103 yuan, up 26 per cent from 2008. No dividend will be declared. (Hong Kong Economic Journal P.6)
KWG Property (1813 HK) announced that its March presale will amount to 2 billion yuan and has already realized 36 percent of its sale target this year. The company recorded a four times surge in its first quarter sales, totalling to 3.6 billion yuan. (Sing Tao Daily B3)
Net profit of Vinda International (3331 HK) for the year 2009 jumped 1.4 times year-on-year to HK$398 million on the back of rising revenue and gross profit margin. Gross profit margin for the period increased from 21.2 per cent in 2008 to 34.2 per cent. A final dividend of 9 HK cents per share is recommended. (Hong Kong Economic Times A15)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
