IPO: China Medical System plans to start IPO on 15 Sep and list in Hong Kong on 28 Sep. The company plans to raise HK$780 million to HK$1.17 billion. UBS expects its profit to grow 60 per cent and 28 per cent in 2010 and 2011 respectively. (Hong Kong Economic Times A7)
IPO: MicroPort Medical plans to start IPO in Sep and list in Hong Kong in late Sep. It plans to raise around HK$1 billion. (Hong Kong Economic Times A7)
Brightoil (933 HK) Petroleum aims to acquire five vessels, with each unit carrying 318,000 DWT class crude oil. The consideration will be HK$4.2 billion that is expected to be funded by bank financing and internal resources. (SingTao Daily B3)
China BlueChemical’s (3983 HK) net profit amounted to 533 million yuan in 1H. Revenue was 2.955 billion yuan. Gross profit rose 6 per cent to 911 million yuan. Basic earnings per share was 0.12 yuan. Citigroup sets Buy rating on the company, with target price at HK$6.4. (Hong Kong Economic Journal P2)
China Green (904 HK) booked net profit of 575 million yuan in full-year results, up 27 per cent. Final dividend of HK$0.09 per share was proposed. Shares closed HK$6.98 yesterday, up 26 per cent. (Hong Kong Economic Times A9)
China Merchants (144 HK) recorded a net profit of HK$1.929 billion for the six months ended June 30, surging 56.1 per cent. Revenue totaled HK$12.14 billion, soaring 50.9 per cent. Earnings per share went up 55.45 per cent to 79.25 HK cents. An interim dividend of HK$0.25 was declared. (SingTao Daily B3)
(0235) CHINA STRATEGIC HOLDINGS LIMITED MEDIA SAYS OTHER INVESTORS MAY BUY NAN SHAN - The acquisition of Taiwan Nan Shan Life Insurance is still pending approval. It is reported that there might be investors from Japan and Middle East in race to acquire the Taiwan life insurer. They might buy the equity interest in Nan Shan for US$2.5 billion, which is higher than the US$2.15 billion offered by China Strategic, foreign media reports. (SingTao Daily B3)
Chinese Estates (127 HK0 core profit went down 73 per cent to HK$199 million in the first half. Loss attributable to equity holders amounted to HK$3.207 billion, sinking into the red. Loss per share was HK$1.65. Core earnings per share plunges 71 per cent to HK$0.103. No interim dividend was paid. (SingTao Daily B2)
1H NET UP 3.66X Evergrande Real Estate (3333 HK) profit attributable to shareholders jumped 3.66 times to 2.33 billion yuan for the first half. Gross profit surges 8 times to 4.95 billion yuan. Revenue went up 11.42 times to 20.37 billion yuan. Earnings per share amounted to 16 fen, up 3 times over the same period a year ago. (SingTao Daily B2)
SFC has alleged that the IPO prospectus of Hontex International (946 HK) contained materially false or misleading information. The company issued an announcement yesterday, admitting that reliance cannot be placed upon the statements made in the IPO prospectus and concluding that investors should be compensated. (Hong Kong Economic Times A7)
Shenguan Holdings (829 HK) posted a 72 per cent jump in net profit to 220 million yuan for the six months ended June 30. Earnings per share amounted to 13.39 fen and an interim dividend of 6 HK cents was distributed. (SingTao Daily B3)
SJM (880 HK) posted a 3.63 times growth in net profit to HK$1.567 billion for the six months ended June 30. Earnings per share jumped 3.58 times to 31.2 HK cents. An interim dividend of 5 HK cents per share was declared. Revenue in the period went up almost 80 per cent to HK$26.7 billion. (SingTao Daily B1)
Shanghai Industrial Holdings (363 HK) posted profit of HK$4.437 billion for the six months ended 30 June, jumping 216 per cent over the same period last year. Turnover amounted to HK$6.664 billion, up 150 per cent. Interim dividend was 50 HK cents. (Hong Kong Economic Journal P3)
The Wharf (4 HK) had better-than-expected basic earnings of more than HK$4.204 billion for the first half, growing 28 per cent from last year. Revenue slightly increased by 0.1 per cent to HK$8.622 billion. Earnings per share amounted to HK$3.59 and an interim dividend of HK$0.36 per share was distributed. (SingTao Daily B3)
Wheelock (20 HK) And Company posted net profit of HK$5.97 billion for the half-year period ended 30 June, surging 65.9 per cent over the same period last year. Turnover rose 37.8 per cent to HK$12.52 billion. The company declared an interim dividend of HK$0.025 per share, same as last year. (Hong Kong Economic Journal P7)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
