Anta (2020 HK) announced its audited results for 2010 exceeded market expectations with 24 per cent of increase in net profits to 1.551 billion yuan. The volume of business was benefited from increases in sale prices last year. Anta’s shoe wholesale prices climbed by 4 per cent to 99.5 yuan in average and clothing wholesale prices increased by 8.8 per cent to 65.8 yuan in average last year. (Hong Kong Economic Journal P10)
As one of the major telecommunication service providers in Mainland China, China Communications Services (552 HK) is expected to witness a significant increase of 10x of its broad band users over the next 3 to 5 years. (Sing Tao Daily B11)
China Singyes Solar Technologies (750 HK) recorded 59.39 million yuan in net profit last year, or increased by 11.8 per cent. Ended in last year, the company held contracts in hand at value of 1 billion yuan, over 40 percent of which were solar energy related projects. (Sing Tao Daily B11)
China Mobile’s (941 HK) registered users took up only 41.2 percent of customers 3G markets in January 2011, recorded 1.931 million registered users. (Hong Kong Economic Times A6)
China Aoyuan Property (3883 HK) announced that acquired a new land through public auction at a consideration of approximately 144 million yuan. This land is located in at Yunhan Village, Shaxi Town, Zhongshan City with a site area of approximately 60,000 sq. m. and is designated for commercial and residential uses. (Sing Tao Daily B4)
Dongyue Group (189 HK) announced that the company entered into a purchase of a target land from the vendor (“Zibo City Bureau of Land and Resources”). The target land comprises Target Land A and Target Land B, which is situated in Huantai County, Zibo City, Shandong Province. (Sing Tao Daily B4)
Lai Sun Development Company (488 HK) announced that the company entered into the SPA with the Vendor for the acquisition of an office building at 36 Queen Street,London, EC4 1HJ, UK at a consideration of £16,880,000 (equivalent to approximately HK$213,532,000). (Sing Tao Daily B4)
Lee & Man Holding Limited (746 HK) announced its results for the year ended 31 December 20110. The company highlighted that its net profit increased by 95.7 percent to HK$457.5 million as compared to the last year. The company intends to develop new businesses in new materials. The company’s business currently focuses on Chloroform and Methylene Chloride. (Hong Kong Economic Times A6)
Man Wah Holdings (1999 HK) intended to expand its businesses by increasing to 1,000 stores by the year 2013. The company notes that this plan is expected to accomplish in advance. The company is expected to harvest profits based on calculations of HK$600,000 to HK$800,000 in investments into each store in Mainland China. (Hong Kong Economic Journal P6)
Parkson Retail Group (3368 HK) announced its annual results for the year ended 31 December 2010. The company saw an increase of 8.9 percent in profits to 992 million yuan, with 0.353 yuan of earnings per share. The company plans to expand its businesses substantially by opening 8 to 9 new stores each year over the next three years. (Hong Kong Economic Times A6)
RCG Holdings (802 HK) announced that the company entered into the Subscription Agreements with the Subscribers on 18 February 2011. The Company agreed to allot and issue to the subscribers and the subscribers agreed to subscribe for an aggregate of 19,000,000 new ordinary shares of HK$0.01 each in the Company at HK$2.50 per subscription share, raising HK$47.50 million before expenses. (Sing Tao Daily B5)
Thunder Sky Battery Limited (“Thunder Sky”) (729 HK) announced that trading in the shares of the company has been suspended with effect from yesterday (on 21 February 2011). Sources said that disagreement among shareholders of Thunder Sky triggered this suspension. The announcement also said that price sensitive notices were stilling pending. (Hong Kong Economic Journal P6)
Xinjiang Tianye Water (840 HK) Saving Irrigation System issued the positive profit alert. The company is expected to achieve record highs of both the total revenue and the net profit attributable to owners of the company for the last financial year. The net profit in 2010 is expected to have a growth of over 100 percent as compared with the net profit recorded in 2009. (Sing Tao Daily B4)
Zhaojin Mining Industry (1818 HK) said that the company has received a notice from the local government that the company’s mining enterprises in Zhaoyuan City have passed the inspection and are allowed for resumption of production from 21 February 2011. This operation suspension had lasted for 33 days from 19 January 2011 till 20 February 2011. (Hong Kong Economic Journal P6)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
