Wednesday, November 10, 2010

Hong Kong Stock Market Wrap November 9th, 2010

(3883) CHINA AOYUAN PROPERTY GROUP LIMITED
CONTRACTED SALES OF 2.8B YUAN
China Aoyuan Property recorded contracted sales of 2.8 billion yuan for the first 10 months. Oct contracted sales amounted to 500 million yuan.
(Hong Kong Economic Journal P9)

(0688) CHINA OVERSEAS LAND & INVESTMENT LIMITED
OCT SALES REVENUE 7.24B YUAN
China Overseas Land & Investment achieved sales revenue of 7.24 billion yuan in Oct, a 79.9 per cent surge year on year, but dropping 10 per cent as compared to Sep. Sales revenue for the first ten months amounted to 53.34 billion yuan in total, up 25.5 per cent year on year. (SingTao Daily B3)

(3311) CHINA STATE CONSTRUCTION INTERNATIONAL HOLDINGS LIMITED
NEWLY SIGNED CONTRACT VALUE 24.04B
China State Construction International recorded newly signed contract value of 24.04 billion for the first 10 months, up 97.7 per cent, achieving 120.2 per cent of the full-year target.
(Hong Kong Economic Journal P9)

(1091) CITIC DAMENG HOLDINGS LIMITED
IPO’S INTERNATIONAL TRANCHE OVER 15X OVERSUBSCRIBED
Market sources say that the international tranche of CITIC Dameng’s IPO was over 15 times oversubscribed. The retail tranche was equivalent to 56.6 times oversubscribed as margin financing orders of over 11.866 billion were recorded.
(Hong Kong Economic Times A12)

(1137) CITY TELECOM (H.K.) LIMITED
PROFIT GROWTH SLOWS; DIVIDEND HK13.5 CENTS
City Telecom saw net profit slightly go up 1.9 per cent to HK$216 million for the year ended 31 Aug 2010. Earnings per share amounted to HK30.7 cents. A final dividend of HK13.5 cents per share was recommended, down 15 per cent from the previous year.
(SingTao Daily B2)

(0861) DIGITAL CHINA HOLDINGS LIMITED
HALF-YEAR PROFIT HK$537M
Digital China posted a profit of HK$537 million for the six-month period ended Sep 30, representing a 30 per cent growth. Earnings per share amounted to HK$0.526. No dividend was declared.
(SingTao Daily B2)

(0175) GEELY AUTOMOBILE HOLDINGS LIMITED
OCT SALES VOLUME UP 37% YOY
Geely Automobile Holdings posted Oct total sales volume of 40,018 units of vehicles, up 37.2 per cent over the same period last year, up around 24.1 per cent over Sep. Total sales volume for the first 10 months reached 315,000 units of vehicles, up 27.8 per cent over the same period last year. 78.8 per cent of 2010 sales volume target of 400,000 units of vehicles was achieved.
(Hong Kong Economic Times A14)

(0379) PME GROUP LIMITED
TO ACQUIRE TERMINAL AND PORT OPERATIONS
PME Group plans to acquire 50 per cent equity interest in the target company for not higher than 500 million yuan. The target company is principally engaged in the provision of terminal and logistic services in Lanshan Harbour, Rizhao Port, Shandong Province.
(SingTao Daily B2)

(1238) POWERLONG REAL ESTATE HOLDINGS LIMITED
OCT CONTRACTED SALES 693M YUAN
Powerlong Real Estate recorded Oct contracted sales of 693 million yuan, the highest single month record this year. Sales area reached 113,600sqm. Sales for the first 10 months amounted to 3.033 billion yuan, with sales area of 420,500sqm.
(Hong Kong Economic Times A12)

(1928) SANDS CHINA LTD.
Q3 PROFIT UP 129% TO US$199M
Sands China posted a profit of US$199 million in the third quarter, soaring 129 per cent. Earnings per share amounted to 2.47 US cents.
The company also recorded a two-fold surge in profit for the first nine months, amounting to US$449 million. Earnings per share was 5.59 US cents.
(SingTao Daily B2)

(0700) TENCENT HOLDINGS LIMITED
ANNOUNCES Q3 RESULTS TODAY
Tencent Holdings announces Q3 results today. Deutsche Bank expects its Q3 net profit to go up 11 per cent qoq to 1.14 billion yuan, up 49 per cent yoy.
(Hong Kong Economic Times A12)

(1065) TIANJIN CAPITAL ENVIRONMENTAL PROTECTION GROUP COMPANY LIMITED
TO ACQUIRE SEWAGE WATER TREATMENT PLANTS’ ASSETS
Tianjin Capital Environment Protection Group seeks to acquire sewage water treatment plants’ assets from Tianjian Sewage Company. The consideration involves a deposit of around 262 million yuan and the outstanding amount of the principal loan and its accrued interest under the Asian Loan Agreement and the Japan Loan Agreement.
(SingTao Daily B2)

(0551) YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED
OCT REVENUE
Yue Yuen Industrial posted net consolidated operating revenue of 532 million dollars in Oct, up 31.1 per cent yoy. The figure for the first 10 months amounted to 5.006 billion dollars, up 23.1 per cent yoy.
(Hong Kong Economic Times A12)

(0123) YUEXIU PROPERTY COMPANY LIMITED
OCT CONTRACTED SALES AREA 67,100 SQM
Yuexiu Property recorded contracted sales area of 67,100 square meters in Oct, down 62 per cent year on year, but rising 30 per cent month on month.
Contracted sales revenue in Oct was about 868 million yuan, dipping 61 per cent year on year, but leaping 24 per cent month on month.
(SingTao Daily B2)

(1628) YUZHOU PROPERTIES COMPANY LIMITED
PROPOSES TO ISSUE SENIOR NOTES
Yuzhou Properties intends to issue senior notes for repaying existing loans, providing capital for acquiring land reserve and for general operating purposes. Size of fundraising size will be confirmed later.
(SingTao Daily B2)

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