Friday, August 20, 2010

Hong Kong Stock Market Wrap August 19th, 2010

China Aoyuan Property (3883 HK) interim net profit increased by 2.14 times year-on-year to 167 million yuan. Earnings per share amounted to 6.4 fens. No interim dividend was paid. As of July 31, Aoyuan’s contracted sales amounted to 1.35 billion yuan. (SingTao Daily B3)

China Everbright International (257 HK) saw net profit rise 24.4 per cent to HK$245 million in 1H. Turnover dropped 12.9 per cent to HK$960 million. Earnings per share went up 7.5 per cent to 6.73 HK cents. Interim dividend of 1 HK cent per share was declared. (Hong Kong Economic Times A10)

China Longyuan Power (916 HK) saw net profit climb 1 time to 852 million yuan in 1H. Revenue amounted to 6.244 billion yuan, an increase of 59.6 per cent. Earnings per share rose 34.1 per cent to 0.1141 yuan. No interim dividend will be paid. (Hong Kong Economic Times A10)

China Mobile (941 HK) posted a 4.18 per cent increase in net profit to 57.643 billion yuan for the first half, marginally beating the market estimates. Earnings per share amounted to 2.87 yuan. An interim dividend of HK$1.417 was declared, rising 5.27 per cent year-on-year. The management has no intention to pay special dividend this year. China Mobile closed at HK$81.75 yesterday, dipping 3 per cent or HK$2.55. (SingTao Daily B2)

CNOOC (883 HK) recorded a better-than-expected net profit of 25.99 billion yuan for the first six months, soaring 109.6 per cent. Earnings per share increased by 107.1 per cent to 0.58 yuan. An interim dividend of HK$0.21 was paid. Total revenue surged 104.6 per cent to 83.155 billion yuan, while cost in the first half went up 7.3 per cent to US$23.85 from the same period of 2009. (SingTao Daily B2)

Huadian Power (1071 HK) plans to purchase 35 per cent equity interest in Baihui Company, which owns a coal mine in Mongolia, at a total consideration of HK$646 million. The coal mine is planned to start production by 2013 and the expected production capacity is 1.8 million tons of gas coal. (SingTao Daily B3)

Lenovo (992 HK) earned US$54.86 million (around HK$426 million) in the first quarter ended June 30, less than market estimates of a US$59 million profit. Earnings per share were 0.57 US cents and no dividend was declared. (SingTao Daily B3)

Qingling Motors (1122 HK) booked interim net profit of 143 million yuan, up 38.3 per cent year on year, as the company sold 30,109 vehicles, jumping 61 per cent year on year. (Hong Kong Economic Times A12)

Regal Real Estate (1881 HK) announced that distributable income attributable to unitholders for the period to June 30 amounted to HK$299.6 million, up 6.8 per cent. Distribution per unit was 8.6 HK cents, edging up 1.18 per cent. (SingTao Daily B3)

Increasing average selling prices and sold areas pushed up the first half net profit of Shui On Land (272 HK) by 117 per cent to HK$1.775 billion. Earnings per share amounted to 35 HK cents, up 94 per cent. An interim dividend of 6 HK cents was declared, surging 5 times over the same period of last year. (SingTao Daily B4)

Sunny Optical Technology (2382 HK) saw 1H revenue increase by 63 per cent to 400 billion yuan. Net profit went up 1.34 times to 54.82 million yuan. No interim dividend will be paid. Share price dropped 6.47 per cent to HK$1.59 yesterday on changes of directors. (Hong Kong Economic Times A12)

Taifook Securities (665 HK) saw net profit jump 1.73 times to HK$231 million for the 12 months ended 30 June. It proposed a second interim dividend of 6 HK cents per share for the period. (Hong Kong Economic Journal P10)

Techtronic Industries (669 HK) posted a net profit of HK$362 million for the first half, surging nearly 41 per cent. Earnings per share amounted to 22.74 HK cents and an interim dividend of 3.75 HK cents was declared. (SingTao Daily B3)

Transport International (62 HK) recorded profit attributable to equity shareholders of HK$658.5 million in 1H, surging 93.7 per cent over the same period last year. KMB’s profit after taxation was HK$135.9 million. Earnings per share amounted to HK$1.63. Interim dividend of HK$0.3 per share was recommended. (Hong Kong Economic Times A12)

ZTE (763 HK) posted interim net profit of 877 million yuan, up 12 per cent yoy. Turnover amounted to 30.725 billion yuan, up 10.9 per cent. Earnings per share rose 6.7 per cent to 0.32 yuan. No interim dividend will be paid. (Hong Kong Economic Times A12)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard