China Mobile (941 HK) announced its business statistics yesterday. There were 5.06 million new subscribers in June. Aggregate number of subscribers increased to 554 million, of which over 1.14 million was its new 3G service subscribers in June. The number of China Mobile’s new 3G service subscribers in June is more than that of China Unicom (0762). (SingTao Daily B1)
China SCE Property (1966 HK) says net profit for the six months ended 30 June may rise not less than 100 per cent over the same period last year on increase in sales of properties. Share price closed at HK$2.4 yesterday, up 1.7 per cent. (Hong Kong Economic Times A11)
China Strategic (235 HK) said that a loss for the six-month period ended 30 June 2010 is expected to increase compared to the loss recorded for the year ended 31 December 2009. The increase in loss is mainly due to a decrease in the gain on fair value changes on investments for the first six months this year and the substantial increase in administrative expenses. (SingTao Daily B2)
According to Dalian Port (PDA) (2880 HK), terminals at Xingang area and Dayaowan area were required to cease operations for government authorities to clean the oil spill after the oil pipeline explosion accident last week and the terminals have resumed operations now. The group says part of its handling and storage operations for crude oil has been temporarily affected. (Hong Kong Economic Times A11)
Digital China’s (861 HK) net profit grew by 28.6 per cent year-on-year to around HK$824 million for the year ended 31 March 2010. Earnings per share were 83.12 HK cents. A final dividend of 28.26 HK cents was declared. (SingTao Daily B2)
Easyknit International (1218 HK) recorded a net profit of HK$183 million for the year ended 31 March 2010 versus the loss of around HK$101 million last year. Earnings per share were HK$2.36. No dividend was declared. (SingTao Daily B2)
Genesis Energy (702 HK) plans to acquire the entire issued share capital of Power Great Limited for a consideration of HK$2.34 billion. Executive director Dai Xiaobing believes that the acquisition may help the company to enter the clean energy market. The consideration of HK$2.34 billion will be satisfied by cash, 1.56 billion new shares, and convertible bonds. (SingTao Daily B2)
Golden Resources (677 HK) posted a net profit around HK$174 million for the year ended 31 March 2010, returning to the black this year. Earnings per share were 11.9 HK cents. A final dividend of 1.2 HK cents per share was paid. (SingTao Daily B2)
Hong Kong (388 HK) enterprises can raise renminbi funds through listing and issuing bonds provided that renminbi has achieved circulation and backflow mechanism in Hong Kong, HKEx chief executive Li Xiaojia Charles said during an interview in Shanghai. (SingTao Daily B3)
Hycomm (499 HK) Wireless has proposed to acquire the interests in the coalmines and the coal washing plants in Shanxi Province that are held by the target company. The consideration for the acquisition will be not more than HK$105 million, which will be satisfied by cash, new shares and convertible bonds. (SingTao Daily B2)
Mei Ah Entertainment (391 HK) posted earnings of around HK$52 million for the year ended 31 March as compared to the loss of around HK$71 million last year. Earnings per share were 1.06 HK cents. No dividend was declared. (Hong Kong Economic Journal P4)
PetroChina Company (857 HK) plans to increase Karamay oilfield's natural gas output to 10 billion cubic meters by 2015 and annual crude oil output to 16 million tonnes. (Hong Kong Economic Journal P8)
Shenzhen Expressway (548 HK) Company announces that average daily toll revenue of Meiguan Expressway rose 14.3 per cent yoy to 939,000 yuan in June. Average daily mixed traffic volume amounted to 114,000. Average daily toll revenue of Jihe East rose 18.7 per cent yoy to 1.385 million yuan. Average daily mixed traffic volume amounted to 109,000. (Hong Kong Economic Times A11)
Sijia Group Company (1863 HK) expects significant increase in profit for the six months ended 30 June over the same period last year as sale of reinforced materials and end products rose. (Hong Kong Economic Times A11)
It is said that cement producer West China Cement (2233 HK) will start its IPO on 9 August and list on 19 August to raise HK$2.3 billion. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
