Monday, November 29, 2010

Hong Kong Stock Market Wrap November 26th, 2010

Chen Hsong Holdings (57 HK) saw net profit go up nearly 3.9 times yoy to HK$225 million for the 6 months ended 30 Sep. EPS was HK35.8 cents. The company has resolved to declare an interim dividend of 8 HK cents a share. (SingTao Daily B3)

China Modern Dairy (1117 HK) closed at HK$2.51 on its debut, down 13.15 per cent over the offer price of HK$2.89. Not taking charges into account, holding a lot of 1000 shares generated a paper loss of HK$380. (Hong Kong Economic Times A8)

China Water Affairs Group (855 HK) booked net profit of HK$271 million for the 6 months ended 30 Sep, up almost 20 per cent yoy. EPS was HK$0.2. It has resolved to declare an interim dividend of HK$0.02 per share. As at 30 Sep, it has total cash and bank balances of around HK$800 million. (SingTao Daily B4)

Fantasia Holdings Group (1777 HK) will cooperate and jointly develop a tourism and vacation resort in Jinmen, Taiwan with Astro Corporation, conditional upon the completion of a proposed TDR issue. It expects if proceeding with the issue, it will utilize part of the proceeds being TWD1.2 billion and invest in the resort. (Hong Kong Economic Journal P8)

Far East Hotels (497 HK) And Entertainment lost HK$7.19 million for the 6 months ended 30 Sep, as compared to the profit of HK$2.83 million in the same period last year. It has resolved not to declare any interim dividend in respect of the period. (Hong Kong Economic Journal P8)

Joyce Boutique (647 HK) posted profit attributable to shareholders of HK$40.4 million for the 6 months ended 30 Sep, surging 901.6 per cent yoy. EPS amounted to 2.5 HK cents. It has resolved not to declare any interim dividend. Turnover reached HK$524 million, up 6.5 per cent yoy. (Hong Kong Economic Times A8)

World Wide Touch Technology (1282 HK) has kicked off roadshow. It plans to issue 861 million shares at between HK$0.85 and 1.05 a share. Sources say that it is to raise funds for upgrading production equipment, enhancing R&D and setting up more production facilities, etc. (Hong Kong Economic Journal P5)

Agritrade Resources’ (1131 HK) profit attributable to equity holders for the six months ended Sep 30 was HK$65.184 million. Earnings per share amounted to 12.7 HK cents. No interim dividend was paid. (SingTao Daily B3)

Chevalier International (25 HK) saw a five-fold growth to HK$513 million in interim profit ended Sep 30. Earnings per share was HK$1.85. An interim dividend of HK$0.2 per share and a special dividend of HK$0.4 apiece were declared. Chevalier Pacific Holdings (0508) posted a profit of HK$162 million in the period, up 244 times. Earnings per share was 7 HK cents. No dividend was paid. (SingTao Daily B3)

China Railsmedia’s (745 HK) loss for the half year ended Sep 30 narrowed by 10 per cent to HK$18.3 million. Loss per share amounted to 1.18 HK cents. No dividend was declared. (SingTao Daily B3)

Far East Consortium International (35 HK) posted a net profit of HK$187 million for the six-month period ended Sep 30, rising 10 per cent. Earnings per share amounted to 9.8 HK cents and an interim dividend of 2 HK cents per share was declared. Turnover in the period totaled HK$782 million, tumbling 44 per cent year on year. (Hong Kong Economic Journal P4)

PetroAsian Energy Holdings’ (850 HK) loss for the half year ended Sep 30 narrowed by 25 per cent to HK$76.35 million. Loss per share was 2 HK cents. No dividend was distributed. (SingTao Daily B3)

Strong Petrochemical (852 HK) posted a profit of HK$123 million for the six months ended Sep 30, soaring 30 per cent. Earnings per share amounted to 8 HK cents. No interim dividend was declared. (SingTao Daily B3)

Thunder Sky Battery (729 HK) had a loss of HK$106 million in interim results ended Sep 30, diving 162 times. Loss per share amounted to 33.8 HK cents. No dividend was distributed. (SingTao Daily B3)

Walker Group (1386 HK) recorded a net profit of HK$1.3 million for the six months ended Sep 30, returning to the black. It booked a loss of HK$28 million over the same period last year. Turnover during the period lifted 15.8 per cent to HK$551 million, while same-store sales in the mainland went up 7.9 percentage points year on year to 12 per cent. (Hong Kong Economic Times A10)

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