David Webb bought 240,000 shares in Bauhaus International (483 HK) at HK$3.104 each on average on 23 Dec, taking his shareholding in the company to 18.092 million shares, around 5.03 per cent interest in the company. (Hong Kong Economic Times A10)
BYD (1211 HK) announced yesterday that the company might not be able to realize the sale target of 600 thousand. The full-year sales is expected to be 520-550 thousand, 8.3-13.3 per cent lower than the target. (SingTao Daily B1)
Price of rare earth is expected to go up due to China’s intention of limiting the export quota of rare earth. China Rare Earth (769 HK) shares rose 16 per cent yesterday. (SingTao Daily B1)
CRC (1313 HK) announces that its wholly owned subsidiary Resources Cement Investments and 山西華寶焦化集團有限公司(Shanxi Huabao Jiaohua Group Limited), an independent third party, have established 華潤水泥（長治）有限公司 (China Resources Cement (Changzhi) Limited) in China. The business scope of the joint venture is the production and sale of cement products. (SingTao Daily B2)
Citigroup (489 HK) expects automobile sales in the mainland next year can still grow by 15 per cent yoy. It recommends Dongfeng Motor Group shares, setting a HK$20.75 price target for the shares. (Hong Kong Economic Times A10)
CLSA (3389 HK) expects retail sales in Hong Kong during Christmas to be better than expected, setting a Buy rating on Hengdeli Holdings. Shares closed at HK$4.57 each yesterday. (Hong Kong Economic Times A3)
Infinity Chemical (640 HK) announces that it recorded a net profit of HK$17.05 million for the year ended 30 September 2010, down 43.8 per cent yoy, with earnings per share of HK4.1 cents. (SingTao Daily B2)
Kerry Properties (683 HK) and Shangri-La (0069) announce that they have entered into a joint bid agreement with a Singpore company WCA Pte. Ltd. with intention to bid the land located at Laobian District, Yingkou City, Liaoning Province. (SingTao Daily B2)
MMC (975 HK) announces its indirect wholly-owned subsidiary Enrestechnology has entered into CHPP Contract with Sedgman, whereby Sedgman agrees to provide engineering services to MMC in connection with the expansion of the second phase of the CHPP from 5.0 Mtpa to 10 Mtpa. (SingTao Daily B2)
MTR Corporation (66 HK) CEO Chow Chung-kong announced yesterday that he will retire when his current contract as the CEO expires on 31 Dec 2011. Chow has been the CEO since Dec 2003. (Hong Kong Economic Times A8)
Newtree Group Holdings (1323 HK) reportedly plans to offer 190 million shares at between HK$1.85 and 2.26 a share. Maximum offer price a lot of 2000 shares is HK$4565.56. The shares will be listed on 13 Jan. (Hong Kong Economic Journal P2)
The iron ore and gold placer of North Asia Resources (61 HK) located in Mongolia will commence production in April next year. Mr. Tse Michael Nam, Deputy Chairman and Acting Chief Executive Officer, expects the company to record net cash inflow next year. (SingTao Daily B2)
PICC Property (2328 HK) and Casualty announced yesterday that it would form a consortium with PICC Group and four subsidiaries to bid a property located in West Chang’an Avenue, Beijing for offices and commercial uses at 3.288 billion yuan, 1 billion of which will be contributed by the company. (SingTao Daily B2)
Sumpo Food Holdings (1089 HK) plans to list in Hong Kong on 11 Jan, planning to offer 400 million shares at between HK$0.6 and 0.8 per share. Maximum offer price a lot of 5000 shares is HK$4040.32.(Hong Kong Economic Journal P2)
The brand Colourmix of retailer Veeko International (1173 HK) enjoyed a 18 per cent growth in same store sales in Hong Kong and Macau during the 4-day Christmas holiday from 24-27 Dec. (Hong Kong Economic Times A10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
