AgBank (1288 HK) booked net profit of 24.306 billion yuan in Q3, up 29.53 per cent. EPS went up 14.29 per cent to 0.08 yuan. Net fee and commission income was 11.573 billion yuan. Net interest income reached 62.315 billion yuan, up 41.69 per cent. (Hong Kong Economic Journal P2)
BOC (3988 HK) posted net interest income of 48.94 billion yuan in Q3, up 19.69 per cent. Net fee and commission income rose 12.8 per cent to 13.038 billion yuan. Net profit amounted to 27.222 billion yuan, up 29.31 per cent. EPS was 0.11 yuan. (Hong Kong Economic Journal P2)
China 3D Digital Entertainment (8087 HK) announces that the name of the company will be changed from “Dragonlott Entertainment Group Limited” to “China 3D Digital Entertainment Limited” effective today. (SingTao Daily B4)
China National Materials (1893 HK) saw net profit climb 78.3 per cent to 843 million yuan in the first 3Qs. Turnover amounted to 29.48 billion yuan, up 47.7 per cent over the same period in 2009. Basic EPS was 0.24 yuan. (Hong Kong Economic Times A14)
China Southern Airlines (1055 HK) posted a profit attributable to shareholders of 3.041 billion yuan for the third quarter, soaring 970 per cent. Basic earnings per share rose 850 per cent to 0.38 yuan. Operating income leaped 45 per cent to 23.155 billion yuan, while total operating cost went up 19.6 per cent to 18.88 billion yuan.
(SingTao daily B3)
CITIC Resources’ (1205 HK) proposed spin-off and separate listing of CITIC Dameng were given green light at the SGM yesterday. Market sources say that the latter will kick off presentation in early Nov, aiming to raise US$300-400 million (around HK$2.34-3.12 billion).
(SingTao Daily B4)
Jiangxi Copper (358 HK) saw net profit leaping 127.3 per cent year on year to 1.275 billion yuan for the third quarter. Earnings per share amounted to 0.42 yuan. Revenue for the first three quarters amounted to 57.206 billion yuan, surging 66.26 per cent year on year. Shares of the company ended down 4.39 per cent at HK$21.75 yesterday.
Leoch International Technology (842 HK) reportedly plans to issue around 333 million shares at an offer price ranging between HK$3.75 and HK$5.35 a share. Maximum offer price a board lot of 1000 shares was around HK$5403.9. It will kick off its IPO on 3 Nov and list on 16 Nov. (Hong Kong Economic Journal P8)
PetroChina Company (857 HK) saw profit go up 12.5 per cent to 34.7 billion yuan in Q3 and go up over 23 per cent to 100.03 billion yuan for the first 9 months. EPS amounted to 0.55 yuan, meeting market expectations. (Hong Kong Economic Times A14)
Ping An Insurance (Group) Company (2318 HK) recorded net profit of 3.145 billion yuan in Q3, down 25.92 per cent yoy, down 37.85 per cent qoq. Net profit for the first 3Qs amounted to 12.756 billion yuan, up merely 8.82 per cent yoy. (Hong Kong Economic Journal P6)
Shanghai Electric Group (2727 HK) announced yesterday that it will sign equipment-related contracts with Reliance ADA of India to sell 36 coal fired super critical thermal power generation equipment and the mandatory spare parts for US $8.291 billion on 28 Oct. The group expects this will generate annual sales revenue of US$500 million to US$600 million for more than 10 years ahead. (Hong Kong Economic Journal P4)
Ruinian International (2010 HK) raised up to HK$740 million in a top-up placement of 100 million shares via Morgan Stanley yesterday, according to market sources. The placing price of HK$7.2-7.4 apiece represented a discount of 5-7.6 per cent to its closing price before trading suspension yesterday. (SingTao Daily B5)
SITC International (1308 HK), which made debut trading in early Oct, saw a net profit of US$88.6 million for the first three quarters, surging over 334.3 per cent year on year. Gross profit in the period went up 194.1 per cent year on year to US$125 million. Turnover amounted to US$647 million, increasing by 34.3 per cent year on year. (SingTao Daily B5)
Zijin (2899 HK) posted a 19.1 per cent growth of net profit to 1.14 billion yuan for the third quarter. Earnings per share was 7.8 fen, rising 18.2 per cent year on year. Turnover amounted to 7.16 billion yuan, soaring 39.5 per cent year on year. Profit for the first three quarters surged 33 per cent to 3.85 billion yuan.
(SingTao Daily B5)
ZTE Corp (763 HK) booked a net profit of 483 million yuan for the third quarter ended Sep 30, climbing 14 per cent over the same period a year ago. Revenue amounted to 15.33 billion yuan, rising 7.5 per cent. Earnings per share was 0.17 yuan. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
