Thursday, November 25, 2010

Hong Kong Stock Market Wrap November 24th, 2010

Air China (753 HK) completed its plan to issue new A shares and new H shares yesterday. Through the H share issue, it raised 1.04 billion; through the A share issue, it raised 5.6 billion yuan. (Hong Kong Economic Times A12)
Li Ka Shing increased stakes in Cheung Kong (Holdings) (1 HK) by 273,000 shares or 0.01 per cent at HK$116.464 each on 22 Nov, involving HK$31.79 million, taking his shareholding in the company to 42.36 per cent. (Hong Kong Economic Times A2)

Chinney Investments (216 HK) posted profit attributable to owners of HK$32.02 million for the 6 months ended 30 Sep, down 83 per cent yoy. EPS was 5.81 HK cents. It did not recommend the payment of an interim dividend. (Hong Kong Economic Journal P12)
Emperor Entertainment Hotel (296 HK) booked net profit of HK$170 million for the 6 months ended 30 Sep, surging 232 per cent. EPS amounted to HK$0.13. It recommended to pay an interim dividend of HK$0.04 a share. (Hong Kong Economic Journal P12)

Emperor International (163 HK) saw interim net profit surging 2.316 times to HK$170 million. Earnings per share amounted to 13 HK cents, soaring 160 per cent year on year. An interim dividend of 4 HK cents per share was recommended, up almost 60 per cent over the same period of the previous year. (SingTao Daily B3)

Golden Resources (677 HK) booked a net profit of HK$95.59 million for the six-month period ended Sep 30, plunging around 40 per cent year on year. An interim dividend of 1.2 HK cents per share was distributed. (SingTao Daily B4)

GR Vietnam Holdings (139 HK) booked a loss of around HK$53 million for the six months ended Sep 30. The company lost over HK$33 million in the same period a year ago. Loss per share was 1.75 HK cents. No dividend was distributed. (SingTao Daily B4)

Hon Kwok Land Investment (160 HK) saw profit attributable to owners go down 73 per cent yoy to HK$76.14 million for the 6 months ended 30 Sep. EPS was 15.85 HK cents. No dividend will be paid. (Hong Kong Economic Journal P12)

Meike International Holdings (953 HK) has agreed to place not more than 157.5 million shares at HK$1.89 a share to raise around HK$290 million. The shares will represent around 13.18 per cent of its issued share capital as enlarged. (Hong Kong Economic Times A12)

Proview International (334 HK) announces that the Shenzhen Intermediate People’s Court has issued judgments and granted enforcement orders against the company in relation to the claims made by several banks for loans of about HKD566 million. Thus, the majority of the total assets of the company are frozen for settlement of the claims, which further put the company into a more difficult position. (SingTao Daily B4)

Samson Paper Holdings (731 HK) posed a profit attributable to equity holders of HK$34.71 million for the six months ended Sep 30, leaping 15.12 per cent over the same period last year. Earnings per share was 6.9 HK cents. An interim dividend of 1 HK cent per share was recommended. (SingTao Daily B4)

Sincere Watch (444 HK) gained around HK$33 million for the six months ended Sep 30, while a loss of about HK$28 million was recorded over the same period last year. Earnings per share was 8.1 HK cents. No dividend was paid. (SingTao Daily B4)

Sparkle Roll Group (970 HK) posted a net profit of HK$32.6 million for the six-month period ended Sep 30, declining 8.6 per cent year on year. Earnings per share amounted to 1.2 HK cents. An interim dividend of 0.3 HK cent was declared. (SingTao Daily B4)

Sundart International Holdings (2288 HK) recorded profit attributable to owners of HK$72 million for the 6 months ended 30 Sep, down 40 per cent yoy. It declared an interim dividend of 6.5 HK cents a share. Remaining value of contracts to be completed was estimated to be around HK$1.32 billion. (Hong Kong Economic Journal P10)

Yangtzekiang Garment (294 HK) recorded a net profit of around HK$29 million for the six months ended Sep 30, soaring 11.96 times year on year. Earnings per share amounted to 14 HK cents. An interim dividend of 2 HK cents was declared. (SingTao Daily B4)

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