Wednesday, December 1, 2010

Hong Kong Stock Market Wrap November 30th, 2010

IPO: China Datang Corporation Renewable Power reportedly will kick off roadshow on 2 Dec. It plans to offer 2.14 billion shares at an offer price ranging between HK$2.33 and 3.18 apiece. (SingTao Daily B4)

AMS Public Transport Holdings (77 HK) saw net profit go down around 35 per cent to about HK$14.8 million for the 6 months ended 30 Sep. Earnings per share was 6.5 HK cents. No dividend was declared. (SingTao Daily B3)

China Gold International Resources (2099 HK) closed at HK$44.95 in the gray market yesterday, 0.6 per cent higher than the offer price. Not taking charges into account, holding a lot generated a paper gain of HK$27. (Hong Kong Economic Times A8)
China Pharmaceutical Group (1093 HK) booked net profit of HK$595 million for the 9 months ended the end of Sep, down 21 per cent. EPS was 38.76 HK cents. No dividend was declared. (SingTao Daily B4)
Dickson Concepts (International) (113 HK) saw turnover fall 18.4 per cent to HK$1.45 billion for the 6 months ended 30 Sep. Net profit plunged 24.7 per cent to HK$61.07 million. EPS was 16.4 HK cents. It has resolved to declare an interim dividend of 13 HK cents a share, same as last year. (Hong Kong Economic Journal P7)

Intime Department Store (Group) (1833 HK) announces an acquisition of Hubei Wuluo from a company controlled by its chairman Shen Guojun. Consideration is 56.5 million yuan. (SingTao Daily B4)

MIE Holdings (1555 HK) offers 662 million shares, 441.334 million of which is new shares, 220.666 million of which is existing shares, at an offer price ranging between HK$1.7 and 2.16 a share. One thing worth noticing is that PetroChina Company (0857) was its only client in 1H10. (Hong Kong Economic Journal P4)

Trading in NetDragon Websoft (777 HK) shares has been suspended after the shares advancing 20 per cent to HK$3.94 yesterday. The company says that it is in preliminary negotiation with IDG and other possible investors in relation to the establishment of fund. (Hong Kong Economic Journal P6)

Pacific Plywood Holdings (767 HK) places 321 million new shares at a price of HK$0.105 per share to raise HK$33.7 million. (SingTao Daily B3)

ShiFang Holding (1831 HK) decided to fix the offer price at HK$3.03, the lower end of the range. It will list in HK on 3 Dec, Friday. (Hong Kong Economic Times A8)

Huaneng Power International (902 HK), Inc. announces that CSRC has approved its private placement of not more than 500 million overseas listed shares with a par value of 1 yuan apiece, all of which are ordinary shares. (SingTao Daily B3)

Skyworth Digital Holdings (751 HK) booked net profit of HK$354 million for the 6 months ended 30 Sep, down 38.22 per cent yoy. It has resolved to pay an interim dividend of 5 HK cents a share. Shareholders may choose to receive interim dividend in the form of new shares. (Hong Kong Economic Times A10)

Tack Fat Group International (928 HK) lost over HK$98 million for the six months ended 30 Sep. Loss per share was 4.5 HK cents. No dividend was declared. (SingTao Daily B3)

Truly International Holdings (732 HK) recorded net profit of around HK$263 million for the 9 months ended the end of Sep, down 7.8 per cent yoy. The company has resolved to pay a third interim dividend of 8 HK cents per share. It also proposes a one-for-ten bonus issue of shares. (SingTao Daily B3)

3 executive directors of Xiwang Sugar Holdings (2088 HK) have resigned, including 2 founders Wang Liang and Wang Cheng Qing and an executive director Liu Ji Qiang. Zhang Yan, Wang Di and Song Jie have been appointed as executive directors with effect from yesterday. (Hong Kong Economic Journal P2)

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