China Oriental Group Company (581 HK) posted profit of 798 million yuan for the six months ended 30 June, up 1.23 times over the same period last year. Earnings per Share were 0.27 yuan. No interim dividend was declared. (Hong Kong Economic Journal P8)
Dah Sing Banking (2356 HK) recorded interim net profit of HK$507 million, up 65.3 per cent. Basic earnings per share rose 43.8 per cent to HK$0.46 per share. The bank declares an interim dividend of HK$0.07 per share. (Hong Kong Economic Journal P4)
Evergrande Real Estate (3333 HK) achieved contracted sales of 5.08 billion yuan (around HK$5.8 billion) in July, with respective month-on-month increase of 170 per cent, setting the highest record for a single month this year. An aggregate sales amount of 26.06 billion yuan for the first seven months has already achieved 65 per cent of the full-year sales target. Vice chairman Xia Haijun said it is confident to fully achieved, or even surpass the full-year target. (SingTao Daily B4)
Glorious Property Holdings (845 HK) recorded July contracted sales of 677 million yuan, with contracted sales area of 83,000 sqm, down 24 per cent and 15 per cent mom respectively. Contracted sales and area were 4.91 billion yuan and 365,900 sqm for the first 7 months, up 27.4 per cent and 36.4 per cent over the same period last year. (Hong Kong Economic Times A10)
Harbin Power Equipment (1133 HK) had a net profit of 447 million yuan in the first half ended 30 June 2010, surging 107 per cent. Earnings per share were 32 fens. No interim dividend was paid. (SingTao Daily B5)
Lee & Man (746 HK) earned HK$206 million for the six months ended 30 June 2010, increasing by 188 per cent. Earnings per share were 24.9 HK cents. An interim dividend of 9 HK cents per share was declared. (SingTao Daily B5)
Lifestyle International (1212 HK) recorded a profit of HK$615 million for the six months ended 30 June 2010, growing 39 per cent. Earnings per share were 36.8 HK cents. An interim dividend of 14.7 HK cents per share was declared, keeping the payout ratio stable at 40 per cent. (SingTao Daily B5)
MTR Corporation (66 HK) will announce interim results this Thursday. Credit Suisse expects its net profit to be HK$5.177 billion in 1H, up 32.6 per cent over the same period last year. It sets Outperform rating on the company, with target price at HK$33.1. (Hong Kong Economic Journal P9)
New Smart Energy (91 HK) plans to place up to 1.728 billion new shares at the placing price of HK$0.044 per share, representing a discount of around 10 per cent to its closing price yesterday. The net proceeds raised from the placement will be around HK$73 million. (SingTao Daily B5)
It is reported that three property development projects in Beijing being undertaken by New World China Land (917 HK) have been included in “Summary of idling status of lands of real estate”. The company clarifies that the delay in commencement of the respective construction works of the projects is mainly caused by delay in preparatory-stage works. New World China Land is of the view that the projects would not be constituted as idle land and the company shall not be subject to any necessary penalty relating to idle land legislations under relevant PRC law. (SingTao Daily B5)
Nine Dragons Paper (2689 HK) has been included in the list of backward capacity issued by China’s Ministry of Industry and Information Technology (MIIT), the capacity involved in the elimination is about 550,000 tons. Nine Dragons clarifies that the production lines eliminated are very outdated and the elimination was planned by the company earlier, not because of being listed by MIIT. Its share price fell 2 per cent to close at HK$11.52 yesterday. (SingTao Daily B5)
Sinotrans Shipping (368 HK) posted net profit of US$58.48 million for the six months ended 30 June, down 8.7 per cent over the same period last year. Revenues rose 11.9 per cent to US$133.7 million. It declares an interim dividend of 2 HK cents per share. (Hong Kong Economic Times A10)
Wynn Macau (1128 HK) posted net revenues of US$714 million for the three months ended June 30, surging 74 per cent over the same period last year. Net revenues amounted to US$1.305 billion for the six months ended June 30. (Hong Kong Economic Journal P9)
Zhaojin Mining Industry (1818 HK) expects 1H results to be announced soon to increase significantly over the same period last year as output of gold and the selling price of gold rose sharply during the period. (Hong Kong Economic Times A10)
Zijin Mining (2899 HK) posted a net profit of HK$2.73 billion yuan for the six months ended 30 June 2010, soaring 41 per cent. Earnings per share were HK$0.187. No dividend was declared. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
