Thursday, November 11, 2010

Hong Kong Stock Market Wrap November 10th, 2010

(8095) BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED
NINE-MONTH NET 64.66M YUAN
Beijing Beida Jade Bird recorded a net profit of 64.66 million yuan for the first nine months ended Sep 30, shooting up 6.5 times. Earning per share amounted to 5.46 fen. No dividend was declared.
(SingTao Daily B4)

(0814) BEIJING JINGKELONG COMPANY LIMITED
9-MONTH NET 140M YUAN
Beijing Jingkelong booked a net profit of 140 million yuan for the nine-month period ended Sep 30, rising 24 per cent year on year. Revenue increased by 9 percentage points to HK$5.45 billion yuan. Gross profit in the period amounted to 760 million yuan, climbing 7.3 per cent.
(SingTao Daily B4)

(1141) BEIJING YU SHENG TANG PHARMACEUTICAL GROUP LIMITED
PROPOSED PLACING OF SHARES
Beijing Yu Sheng Tang Pharmaceutical announces placing of around 1 billion shares at HK$0.32 apiece, around 5.88 per cent discount to yesterday’s closing price, to raise around HK$311.2 million.
(Hong Kong Economic Journal P6)

(1966) CHINA SCE PROPERTY HOLDINGS LIMITED
1ST 10-MONTH CONTRACTED SALES REVENUE 1.5B YUAN
China SCE Property achieved contracted sales revenue of 1.5 billion yuan for the first ten months, soaring 84 per cent year on year. The company launched a project of over 130 units in the Haicang District, Xiamen, of which over 75 per cent was sold on the first day, achieving contracted sales of 380 million yuan.
(SingTao Daily B4)

(0037) FAR EAST HOTELS AND ENTERTAINMENT LIMITED
ISSUES PROFIT WARNING
Far East Hotels And Entertainment expects to book a loss for the 6 months ended
30 Sep, mainly due to a decrease in fair value of held-for-trading investments. Shares fell 3.7 per cent to HK$0.26 yesterday.
(Hong Kong Economic Journal P6)

(3308) GOLDEN EAGLE RETAIL GROUP LIMITED
TO ACQUIRE XUZHOU STORE FOR 44.82M YUAN
Golden Eagle Retail Group has signed two agreements in respect of the acquisition of the 7th floor of a store in Xuzhou at a consideration of 44.82 million yuan, along with the lease of an additional retail area of around 14,600 sqm from Xianlin Golden Eagle Properties.
(SingTao Daily B4)

(0388) HONG KONG EXCHANGES AND CLEARING LIMITED
Q3 PROFIT HK$1.22B; BETTER THAN EXPECTED
HKEx posted a profit of HK$1.22 billion in the third quarter, slightly down 0.49 per cent, beating expectations.
Profit for the first three quarters reached HK$3.478 billion, up 2 per cent. Earnings per share was HK$3.23. Average daily transaction amounted to HK$6.31 billion. Shares of HKEx ended down HK$1.2 to HK$193 yesterday.
(SingTao Daily B2)

(0992) LENOVO GROUP LIMITED
PROFIT SURGES 2.5X TO HK$1.022B
Lenovo said that net profit for the six-month period ended Sep 30 was around HK$1.022 billion, surging 2.5 times year on year. Earnings per share amounted to 1.38 US cents. An interim dividend of 2.6 HK cents per share was recommended. Net profit for the second quarter went up 44 per cent, better than expected.
(SingTao Daily B4)

(0917) NEW WORLD CHINA LAND LIMITED
GRANT OF SHARE OPTIONS
New World China Land has granted share options carrying the rights to subscribe for 4.6544 million shares at an exercise price of HK$3.13 per share, same as yesterday’s closing price. They are exercisable for 5 years.
(Hong Kong Economic Journal P14)

(2378) PRUDENTIAL PLC
Q3 SALES UP 17%
Prudential posted Q3 sales of 809 million pounds, up 17 per cent yoy. Sales for the first 3Qs amounted to 2.46 billion pounds, up 24 per cent.
(Hong Kong Economic Times A12)

(0700) TENCENT HOLDINGS LIMITED
Q3 NET PROFIT UP 12% QOQ
Tencent Holdings recorded Q3 net profit of 2.153 billion yuan, up 51.6 per cent yoy, up 12.3 per cent qoq. Revenues rose 11.9 per cent qoq to 5.226 billion yuan. Active IM user accounts rose to 636 million, up 3.9 per cent qoq.
(Hong Kong Economic Times A10)

(0823) THE LINK MANAGEMENT LIMITED
INTERIM RESULTS
The Link Management saw revenue and net property income go up 7.5 per cent and 9.2 per cent yoy to HK$2.621 billion and HK$1.765 billion for the 6 months ended 30 Sep. Distributable income went up 11.1 per cent to HK$1.172 billion. Distribution per unit lifted 9.3 per cent to 52.86 HK cents.
(Hong Kong Economic Times A12)

(0806) VALUE PARTNERS GROUP LIMITED
SELLS CSI PROPERTIES SHARES FOR 8.5925 MILLION
Value Partners Group sold 38.88 million shares in CSI Properties (0497) at HK$0.221 each on average on 5 Nov, taking its shareholding in the company from 5.24 per cent to 4.77 per cent.
(Hong Kong Economic Journal P14)

(1001) VAN SHUNG CHONG HOLDINGS LIMITED
HALF-YEAR NET HK$22M
Van Shung Chong booked a net profit of around HK$22 million for the six-month period ended Sep 30, dropping 56 per cent. Basic earnings per share amounted to 5.3 HK cents. An interim dividend of 1.3 HK cents per share was distributed.
(SingTao Daily B4)

(8259) YANTAI NORTH ANDRE JUICE CO., LTD.
Q3 PROFIT 1.89M YUAN; RETURNS TO BLACK
Yantai North Andre Juice recorded a profit of about 1.89 million yuan for the third quarter ended Sep 30, returning to the black. Earnings per share amounted to 0.04 fen.
(SingTao Daily B4)

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