Ajisen (China) (538 HK) saw turnover increase 26.8 per cent to HK$1.188 billion for the six months ended 30 June. Net profit rose 44.9 per cent year on year to HK$183 million. Gross profit margin went up 0.2 percentage point to 69.1 per cent. No interim dividend will be paid. (Hong Kong Economic Times A11)
BoCom (3328 HK) net profit for the six months ended June 30 jumped 30.08 per cent to 20.357 billion yuan from a year ago, similar to analysts’ forecast. Earnings per share amounted to 0.4 yuan, up 29.03 per cent from last year. An interim dividend of 0.1 yuan per share was paid. (SingTao Daily B3)
Beijing North (588 HK) Star has issued profit warning earlier. It announced yesterday net profit for the six months ended June 30 amounted to 488 million yuan, falling 30 per cent from a year ago. No interim dividend was declared. (SingTao Daily B4)
Century Sunshine (509 HK) expects 1H interim profit to be considerably lower than that in the same period last year as revenue and contribution derived from operation of agriculture-related products dropped and there were net losses from change in fair value of investments held for trading. (Hong Kong Economic Times A11)
China Merchants Bank (3968 HK) recorded a 59.8 per cent growth year-on-year in net profit for the first half, as net interest margin widened. Net profit amounted to 13.203 billion yuan during the period. Earnings per share were 0.65 yuan, rising 51.2 per cent over the same period of last year. No interim dividend was declared. (SingTao Daily B2)
China Shipping (1138 HK) aims to buy 49 new cargo vessels in the next three years. Total capacity will increase by 60 per cent from below 10 million deadweight tonnes currently to around 16 million DWT. Capital expenditure to be involved is around 17 billion yuan. (SingTao Daily B4)
CITIC Pacific (267 HK) posted net profit of HK$4.88 billion for the first six months of 2010, surging 97.9 per cent year on year. Turnover amounted to HK$31.87 billion, up 76.1 per cent. An interim dividend of HK$0.15 per share was declared. (Hong Kong Economic Times A10)
CNOOC (883 HK) is expected to earn 19.9 to 23.7 billion yuan in 1H, up 60-94 per cent year on year. China Petroleum & Chemical (0386) is expected to book profit of 32-35 billion yuan during the period. PetroChina Company (0857) is expected to reap profit of 65-68.4 billion yuan, up 29-36 per cent year on year. (Hong Kong Economic Times A10)
Eternity Investment (764 HK) is set to record a profit and return to the black for the first half. The expected profit is mainly attributable to the recognition of a gain on early repayment of convertible note receivable and promissory note receivable. (SingTao Daily B4)
Pan Sino International (502 HK) is in liquidation. HKEx has placed it in the third delisting stage since yesterday, planning to cancel the listing after a six-month period, i.e. 17 Feb next year, if it does not submit viable resumption proposal. (Hong Kong Economic Times A11)
Morgan Stanley raises 12-month target price on PICC Property and Casualty (2328 HK) to HK$11 from HK$6.7. Citigroup sets Buy rating on the company, raising 12-month target price to HK$10.3. Credit Suisse sets Underperform rating, with 12-month target price at HK$6.5. UBS sets Sell rating on it. (Hong Kong Economic Times A3)
Sany Heavy Equipment (631 HK) had a net profit of 342 million yuan for the six months ended June 30, up nearly 37 per cent year-on-year. Earnings per share were 16.5 HK cents. No interim dividend was declared. (SingTao Daily B4)
Singamas Container (716 HK) swung to the black in the first half, recording a net profit of US$10.2 million (around HK$79.5 million) for the 6-month period ended June 30. Earnings per share were 0.42 US cents. No interim dividend was paid. (SingTao Daily B4)
Sino-Ocean Land’s (3377 HK) net profit climbed 72 per cent to 1.152 billion yuan for the six months ended 30 June. Revenue rose 37 per cent to 4.753 billion yuan. Earnings per share went up 43 per cent to 0.2 yuan. An interim dividend of HK$0.05 per share will be paid. (Hong Kong Economic Journal P8)
TVB (511 HK) posted a 77 per cent growth in profit attributable to shareholders to HK$584 million for the six months ended June 30. Earnings per share had a 77 per cent rise to HK$1.33. An interim dividend of HK$0.35 per share was declared, up 44 per cent from a year ago. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
