Asia Cement (China) Holdings (743 HK)’ 1H net profit drop 57 per cent to 140 million yuan. Revenue rose 15.5 per cent to 2.275 billion yuan. Gross profit margin went down 13 percentage points yoy to 18 per cent during the period. (Hong Kong Economic Times A14)
China Life Insurance (2628 HK) announced that the unaudited accumulated premium for the first seven months amounted to 21.47 million yuan, up 12.35 year-on-year. (SingTao Daily B4)
China Public Healthcare (8116 HK) earned HK$123 million for the six months ended 30 June 2010, successfully returning to the black. Earnings per share amounted to 1.14 HK cents. No interim dividend was declared. (SingTao Daily B4)
China State Construction International (3311 HK) posted 1H net profit of HK$402 million, up 32.4 per cent. Earnings per share was 13.58 HK cents. Net assets was HK$1.54 per cent. An interim dividend of 5 HK cents per share was declared. (Hong Kong Economic Times A14)
China Taiping Insurance (966 HK) subsidiary Taiping Life Insurance had an accumulated premium income of around 21.35 billion yuan for the first seven months, roaring 66.9 per cent year-on-year. (SingTao Daily B4)
Greens Holdings (1318 HK) says interim profit may drop significantly as finance costs rose because of the increase in borrowings as reported in 2009 annual report and the smaller amount of finance costs in the same period last year which being reduced by the capitalization of eligible borrowing costs. (Hong Kong Economic Times A14)
Hopefluent Group (733 HK) posted a 38.1 per cent growth to HK$59.547 million in in the first half net profit. Basic earnings per share were 20.1 HK cents. An interim dividend of 4 HK cents per share and one bonus share for every ten ordinary shares were declared.
(SingTao Daily B4)
Hutchison Whampoa (13 HK) chairman Li Ka-shing increased shareholding in the company by 15.32 million shares on August 6, 9, 10, involving a total of HK$900 million. His stake in the company amounts to 52.28 per cent currently following the increase in shareholding.
(SingTao Daily B2)
KWG Property (1813 HK) will issue US$250 million 7-year senior notes, bearing interest at a rate of 12.5 per cent per annum. The notes will be listed on the SGX-ST. Ratings of B+ and B1 were received from S&P and Moody’s respectively. (Hong Kong Economic Journal P12)
Li & Fung (494 HK) saw turnover rise 12 per cent to HK$51.792 billion for the six months ended 30 June. Earnings per share was 57.5 HK cents, surging 50 pre cent. An interim dividend of 38 HK cents per share was declared, up 46 per cent. Profit attributable to shareholders amounted to HK$2.171 billion, up 55 per cent. (Hong Kong Economic Times A14)
MTR Corporation (66 HK) recorded net profit of HK$6.639 billion in 1H, up 47.6 per cent. Earnings per share was HK$1.16. An interim dividend of HK$0.14 per share was declared. (Hong Kong Economic Times A12)
Neo-Neon Holdings (1868 HK) expects to record a first half net profit considerably higher from the same period a year earlier. Its share price closed 7.76 per cent higher following the issue of positive profit alert yesterday. (SingTao Daily B4)
Prudential (2378 HK) recorded a profit of 422 million pounds (around HK$5.12 billion) in the first half ended June 30, swinging to the black from a loss of 254 million pounds in the same period a year ago. An interim dividend of 6.61 pence (around HK$0.8) per share was declared. Prudential share price closed down 1.5 per cent to HK$69.7 yesterday. (SingTao Daily B2)
BEA (23 HK) posted net profit of HK$2.08 billion for the six months ended 30 June, up 77.7 per cent. An interim dividend of HK$0.38 per share was declared as compared to HK$0.28 per share in 2009. Core capital adequacy ratio was 10.3 per cent, up 1.9 percentage point. (Hong Kong Economic Times A12)
Wing Hang Bank (302 HK) had a net profit of around HK$760 million for the six months ended 30 June 2010, surging 48 per cent year-on-year. Basic earnings per share amounted to HK$2.58. An interim dividend of HK$0.3 per share was declared. Wing Hang net interest income grew 13.6 percent to HK$1.32 billion, while its net interest margin rose to 1.91 percent. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
