UBS is bullish on China Merchants Holdings (144 HK), tipping its 2010 profit to be 4.082 billion, up 60 per cent yoy. (Hong Kong Economic Journal P1)
Mainland housing company China SCE Property (1966 HK) posted 2010 contracted sales of 3.606 billion yuan, up 85.1 per cent yoy, with contracted sales area of 488000sqm, up 149.6 per cent yoy. (Hong Kong Economic Times A9)
CSA (1055 HK) announced yesterday, its profit last year increased about 14 times over 2009. The full-year profit last year is expected to reach 5.37 billion yuan. (Sing Tao Daily B4)
Chinney Alliance (385 HK) issues profit warning for the full-year results last year. It says the significant decline in net profit was due to unexpected difficulties in site conditions. (SingTao Daily B3)
Evergrande (3333 HK) proposes to issue USD-settled RMB senior notes with maturity of 3 years and 5 years. It started a series of roadshow presentations this Monday and received good responses. (Sing Tao Daily B3)
Geely (175 HK) sold 415 thousand units of vehicles last year, representing an increase of 27 per cent. The company sets a sales target of 480 thousands. (Sing Tao Daily B3)
Charles Li, Chief Executive of Hong Kong Exchanges and Clearing (388 HK), expects the first yuan-denominated share to list in HKEx this year. HKEx plans to establish a yuan liquidity pool in the second half of the year, details of which will be announced shortly. (Sing Tao Daily B4)
Most telecom (215 HK) shares went up yesterday, among which Hutchison Telecommunications soared 9 per cent to close at HK$2.59, marking the new historical high. (SingTao Daily B3)
InterChina Holdings (202 HK) announces that it has entered into a memorandum of understanding with Northwest Nonferrous International Investment to establish a joint venture engaging in provision of consultation and management services for mineral resources exploration projects. (Sing Tao Daily B3)
KEE Holdings (2011 HK) opened at HK$1.48 and ended at HK1.5, off a high of HK$1.54, in the gray market. The closing price was 12.8 per cent higher than the IPO price of HK$1.33. Shareholders enjoyed a paper gain of HK$340 for holding a lot of 2000 shares. (Hong Kong Economic Journal P6)
Kwoon Chung Bus (306 HK) announces that HK Kwoon Chung (Chongqing) Bus Investment, its indirect 55 per cent owned subsidiary, has agreed to sell 76.64 per cent equity interest in Chongqing Kwoon Chung (New Town) Public Transport and 55 per cent equity interest in Chongqing Kwoon Chung Public Transport Holdings to Chongqing City Public Traffic for the total consideration of 230 million yuan (SingTao Daily B3)
A resolution was passed at the SGM of Man Yue International (894 HK) yesterday to change its company name to ‘‘Man Yue Technology Holdings Limited’’. Managing Director Chan Yu Ching, Eugene says the company plans to increase capital spending to around 150 million-200 million in the future. (Hong Kong Economic Journal P6)
Smartone Telecommunications (315 HK) went up 5.6 per cent to close at HK$16.9 yesterday as it has issued a positive profit alert. Credit Suisse raised its target price for the company to HK$15.6 from HK$9.45 yesterday. (Hong Kong Economic Journal P1)
Sumpo Food Holdings (1089 HK) issued at HK$0.68, opened at HK$0.8 and closed at HK$0.77, off a high of HK$0.82. Holding a lot of 5000 shares generated a paper gain of HK$450. (Hong Kong Economic Journal P6)
TCC International (1136 HK) expects 2010 profit to go up sharply due to a significant expansion of its clinker and cement production capacity, a sharp rise in sales volume and an increase in product prices in 2H. (Hong Kong Economic Times A9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
