BaWang International (1338 HK) share price closed at HK$5.05 yesterday. The company issued an announcement in the afternoon, saying that its products meet all relevant safety standards of mainland China and HK and also comply with European and US standards. Trading in its shares resumes today. (Hong Kong Economic Journal P7)
Brilliance China Automotive (1114 HK) expects interim results to return to the black. It lost 386 million yuan in 1H last year. The company says it sold Zhonghua sedan business to parent in November last year and its 50% indirectly owned jointly controlled entity BMW Brilliance contributed increase in profits. (Hong Kong Economic Times A12)
Cheung Kong Infrastructure (1038 HK) has bid for the UK electricity distribution networks under Electricite de France SA earlier. Other bidders include a consortium established by Scottish and Southern Energy and Borealis Infrastructure, which have unexpectedly announced to withdraw from the competition. That means Cheung Kong Infrastructure will have more chances to successfully acquire the UK electricity business. (SingTao Daily B4)
China Everbright (257 HK) has set up a new energy investment company in Beijing mainly engaged in handling and developing new energy projects. The company has currently confirmed 14 new energy projects for a total investment amount of around 1.28 billion yuan. (SingTao Daily B6)
China South City (1668 HK) posted a full-year net profit of HK$1.33 billion, surging 76 per cent year-on-year. Earnings per share were 25.32 HK cents. A final dividend of 2 HK cents per share was declared. (SingTao Daily B6)
Chung’s Consortium (367 HK) earned a net profit of HK$799 million for the year ended 31 March 2010, returning to the black from the loss recorded last year. Earnings per share were 52.8 HK cents. A final dividend of 2 HK cents was paid.
EPI (689 HK) chairman and chief executive officer Wong Chi Wing Joseph acquired 400 million shares in the company from the substantial shareholder Wu Shaozhang at 8.7 HK cents per share after the trading hours on 14 July 2010, involving HK$34.80 million. (SingTao Daily B6)
Huaneng Power (902 HK) saw domestic power generation rise 38.01 per cent over the same period last year to118.836 billion kWh in 1H according to preliminary statistics. Accumulated on-grid electricity sold reached 112.014 billion kWh. Share price closed at HK$4.64 yesterday. (Hong Kong Economic Times A12)
Hung Hing Printing (450 HK) announced its annual results for the year ended 31 March 2010 yesterday. Its net profit jumped 93 times to around HK$166 million. Earnings per share were 18.2 HK cents. A final dividend of 10 HK cents per share and a special one of 9 HK cents each were recommended. (SingTao Daily B6)
Joyce Boutique (647 HK) posted profit of HK$35.239 million for the year ended 31 March 2010, up 11 times yoy. Earnings per share were 2.2 HK cents. A final dividend of 1 HK cent per share was proposed. (Hong Kong Economic Times A12)
Public Financial (626 HK) posted profit after tax of HK$218 million for the six months ended 30 June, surging 85.5 percent over the same period last year. Earnings per share were HK$0.20.An interim dividend of HK$0.05 per share was recommended. (Hong Kong Economic Times A12)
Shandong Chenming Paper (1812 HK) estimates that its net profit for the first half of the year is around 600 million yuan, up around 250-300 per cent year-on-year. The estimated increase in profit would be due to improvements in the paper making industry. (SingTao Daily B6)
TCL (2618 HK) expects to record a significant profit for the six months ended 30 June 2010
compared to the loss recorded over the same period last year. Such increases in profit would be mainly due to the enhanced product competitiveness and the expanded customer base. (SingTao Daily B6)
Wai Chun Mining Industry Group (660 HK) signs MOU with chairman Lam Ching Kui and China Railway Resources and China Railway (Hong Kong) Engineering under China Railway Group (0390). Lam plans to sell and transfer certain amount of shares to China Railway (Hong Kong) Engineering. China Railway Resources and China Railway (Hong Kong) Engineering intend to utilize the company as flagship developing projects in the resources industry. (Hong Kong Economic Times A12)
Xiamen International Port (3378 HK) expects net profit to go up around 50% for the six months ended 30 June. It earned 82.354 million yuan in 1H last year. The company says throughput of port cargos has risen as general business conditions improve. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
