China Solar Energy (155 HK) lost over HK$92 million for the year ended 31 March as compared to the loss of over HK$44 million last year. Loss per share was 1.46 HK cents. No dividend was declared. (SingTao Daily B3)
China Outdoor Media (254 HK) expects unaudited consolidated results to record consolidated gross loss for the year ended 30 June as the group, having signed advertising contracts with various enterprises in China which advertisement medium are in Beijing, has not been able to secure any order to place advertisement in the medium and the growth in the advertising sector in China was not as good as anticipated. The net loss, however, might be lower than that in 2009. (SingTao Daily B3)
Emperor Watch & Jewellery (887 HK) expects unaudited interim results to record a sharp increase in profit for the six months ended 30 June as its retail networks expanded and turnover rose during the period. (SingTao Daily B3)
Kaisa Group (1638 HK) offers to grant a total of around 180 million share options to directors and employees. Exercise price of share options granted is HK$2, representing around 17 per cent premium to yesterday closing price of HK$1.71 per share. (Hong Kong Economic Journal P5)
Shandong Molong Petroleum Machinery (568 HK) posted net profit of 121 million yuan for the six months ended 30 June, down 13.7 per cent over the same period last year. Earnings per share were 0.37 yuan. No dividend was declared. (SingTao Daily B3)
Sino-life Group (8296 HK) expects unaudited consolidated net profit for the six months ended 30 June to drop as it recognized the expense of the share-based payments arising from share options granted to employees and consultants and the value of financial assets designated as at fair value through profit or loss decreased. (SingTao Daily B3)
Wuyi International Pharmaceutical (1889 HK) expects a decline in the consolidated net profit for the six months ended 30 June as some manufacturers kept producing imitated goods, affecting its market shares; sales of traditional Chinese medicine products was affected due to a decline in demand for Chinese medicine injection; and gross profit margin dropped as depreciation charges in cost of sales rose. (Hong Kong Economic Times A10)
China Aoyuan Property plans (3883 HK) to acquire commercial offices situated at the centre of Tianhe District Guangzhou for a consideration of 161 million yuan. The company will hold the commercial offices mainly for investment purposes. (SingTao Daily B13)
Chinese People Holdings (681 HK) announced it annual results that profit attributable to shareholders was HK$300 million, jumping 7.4 times. Earnings per share were 7.36 HK cents. No dividend was declared. (SingTao Daily B13)
CITIC Resources (1205 HK) proposed in 2008 that its subsidiary CITIC Dameng Holdings would be split and seek to list on the main board but the application was unsuccessful. The company announced yesterday that CITIC Dameng submitted a further advance booking form for an application for the listing on 23 July 2010. (Hong Kong Economic Times A12)
Golden Resorts (1031 HK) is expected to record a substantial decrease in profit for the six months ended 30 June 2010 year-on-year. Despite the significant growth of the hotel and gaming businesses during the first half of 2010, the absence of fair value gain on trading securities recorded during the first half of 2009 leads to such decrease in profit. (Hong Kong Economic Journal P7)
Hong Kong Resources (2882 HK) plans to issue HK$138 million worth of 2-year term convertible bonds to Asia Debt Management at a price of HK$1.58 per share, representing a 22 per cent premium to its closing price on Friday. The interest rate will be 5 per cent per annum. (SingTao Daily B13)
Ming Hing Waterworks (402 HK) aims to acquire a coal mine located at Mongolia for HK$2 billion. The capital expenditure will be around HK$156 million. Ming Hing shares closed at HK$0.155 last Friday. (Hong Kong Economic Journal P7)
Lung Cheong (348 HK) incurred a loss of HK$175 million for the year ended 31 March 2010, decreasing by 40 per cent from a loss recorded last year. Its revenue fell around 40 per cent to HK$402 million. (Hong Kong Economic Times A12)
WLS Holdings (8021 HK) posted a loss of HK$7.72 million for the year ended 30 April 2010, sinking into the red. Loss per share was 1 HK cent. No dividend was declared. (SingTao Daily B13)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
