Air China (753 HK) is planning to purchase 10 Airbus 330-series aircraft and 10 Airbus 350-series aircraft from Airbus Company, involving US$4.49 billion (around 29.8 billion yuan). (SingTao Daily B4)
AV Concept (595 HK) saw new profit reach HK$37.063 million for the six months ended Sep 30, up 2.48 per cent over the same period last year. Earnings per share amounted to 7.3 HK cents. An interim dividend of 3 HK cents per share was distributed. Shares of the company plunged 7.2 per cent after the results announcement yesterday, ending at HK$1.55. (SingTao Daily B5)
China Resources (291 HK) posted a net profit of HK$1.058 billion in the third quarter, up 1.4 per cent year on year. Revenue surged 36.9 per cent year on year to HK$24.447 billion. Net profit for the first three quarters amounted to HK$5.301 billion, soaring 140.8 per cent year on year. First three-quarter revenue went up 33.5 per cent year on year to HK$66.017 billion. (SingTao Daily B5)
Goodbaby International Holdings (1086 HK) was over 1439 times oversubscribed. It will fix the offer price at HK$4.9, the upper end of the IPO price range. It will list on 24 Nov. (Hong Kong Economic Journal P8)
Hong Long Holdings (1383 HK) is planning to acquire a development site located at Chaohu City, Anhui Province at a consideration of around HK$280 million. The Chaohu project will be the first phase of the development project that includes a comprehensive mixed-use community comprising retail shops and residential units. (SingTao Daily B4)
Hong Kong Economic Times (423 HK) aims to purchase properties located at Workshop No. 8 on the 14th Floor of Kodak House II and Workshop Nos. 6 and 7 on the 16th Floor of Kodak House II, at a consideration of HK$48.28 million. The Properties will be used as office premises to cope with the future expansion. (SingTao Daily B4)
True Corp of Thailand plans to acquire the CDMA business in Thailand of Hutchison Whampoa ‘s Hutchison (13 HK) Telecommunications International. They are in talks about the deal. It is said that AIS is also interested in acquiring the business. The market value of the business is estimated to be between US$130 million and 220 million. (Hong Kong Economic Journal P8)
King Fook (280 HK) booked a net profit of HK$13.7 million for the half-year period ended Sep 30, plunging over 46 per cent from the same period a year ago. An interim dividend of 0.3 HK cents per share was distributed, dipping over 33 per cent from the same period last year. (SingTao Daily B4)
Goldman Sachs sets Buy rating on Longfor Properties (960 HK), with target price at HK$13.27. Goldman Sachs expects its sales to outperform its peers and its debt ratio to go down from 68 per cent to 30 per cent. Shares closed at HK$9.44 yesterday, up 2 per cent. (Hong Kong Economic Journal P11)
Deutsche Bank reiterates Buy rating on Renhe Commercial Holdings (1387 HK), with target price at HK$2.3. Deutsche Bank says it has issued US$900 million bonds so far this year and expects debt to assets ratio to stand at 23 per cent. Shares of the company lifted 2.1 per cent to HK$1.42 yesterday. (Hong Kong Economic Journal P11)
Sa Sa International (178 HK) booked a net profit of HK$176 million for the six-month period ended Sep 30, soaring over 42 per cent year on year. Earnings per share was 12.7 HK cents. An interim dividend along with a special one totaled 9 HK cents per share were declared. In addition, the company also paid one bonus share for every existing share. (SingTao Daily B4)
ShiFang Holding (1831 HK) plans to issue around 183 million shares at between HK$3.03 and 4.61 each. Maximum offer price a lot of 1000 shares is HK$4656.46. It will open its retail book on 22 Nov and list on 3 Dec. (Hong Kong Economic Journal P8)
BEA’s (23 HK) subsidiary BEA China has successfully completed the 1st ODI (overseas direct investment) settlement transaction in yuan in Xinjiang, the 1st region where the government has liberalised RMB capital accounts. (Hong Kong Economic Times A10)
Vitasoy International Holdings (345 HK) posted net profit of HK$156 million for the 6 months ended 30 Sep, up 10 per cent yoy. Gross margin remained at 50 per cent. An interim dividend of 3.2 HK cents was declared. (Hong Kong Economic Times A15)
Winfoong International (63 HK) announces that the occupation permit of The Icon at Conduit Road has been received. The Icon is a property comprising a residential tower of 68 units, of which 60 units have been pre-sold. Subject to the progress of the completion process, the revenue from the sale of units will be recorded for the year. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
