China System Holdings Limited (867 HK) announced its results for the year ended 31 December 2010. The company recorded profits attributable to shareholders of the company of US$30.59 million, a year-on-year increase of 47.9 percent. (Hong Kong Economic Journal P5)
China Modern Dairy (1117 HK) posted its first business results since its IPO in Hong Kong. The company announced its interim results for the six months ended 31 December 2010, with profit and total comprehensive income attributable to owners of the company at HK$71,297,000, compared to the total HK$19,185,000 for the same period last year. (Hong Kong Economic Times A12)
Citic Telecom International (1883 HK) announced that the company saw a net profit of HK$401 million for the year ended 31 December 2010, or up 8 percent from the previous year. Basic earnings per share decreased by 4.8 percent to HK$17.9 cents. (Sing Tao Daily B13)
G-Resources Group Limited (1051 HK) announced its interim results for the period of six months ended31 December 2010.The loss for this period was recorded at US$8.87 million (approximatelyHK$69 million). (Sing Tao Daily B13)
Inspur International Limited (596 HK) announced that the company might see a significant decline in the consolidated results for this year against the results for the same period last year. The decline mainly due to the increase in expenses on research and development and marketing inputs in order to maintain the company's competitiveness. (Sing Tao Daily B13)
TCL Communications Technology Holdings Limited (2618 HK) announced that the company saw a total of HK$8.7 billion in revenue for the year ended 31 December 2010, or 100 percent of increase on a year-on-year basis. The gross profit margin was 22.4 percent, or up 0.6 percent. (Sing Tao Daily B13)
Tianyi Fuit Holdings Limited (756 HK) intends to complete an acquisition in months'time. The company plans to improve the production capacity of its frozen concentrated orange juice by 25 percent. Details of this acquisition have not yet to be settled. (Hong Kong Economic Journal P5)
China Kangda Food Company (834 HK) recorded net profit of 3.38 million yuan for the year ended 31 December 2010, down almost 89 per cent. EPS amounted to 0.8 RMB cent. It did not recommend any payment of dividends. (SingTao Daily B19)
China Leason Investment (8270 HK) has agreed to place around 326.83 million shares at a price of HK$0.225 per share. The maximum net proceeds of HK$71.21 million will be used for the existing joint venture investment and general working capital. (Hong Kong Economic Journal P8)
The market in general expects HSBC Holdings’ 2010 (5 HK) net profit to be US$13.9 billion, surging almost 1.39 times yoy. Some securities firms tip that its full-year dividend may be 36 or 39 US cents each. (Hong Kong Economic Journal P1)
Shanghai Industrial (363 HK) announces that its subsidiary S.I. Urban Development has agreed to sell part of its interest in a site and hotel in Shanghai for a total of 3.604 billion yuan. The site is located at Zhujiajiao Town, Qingpu District. The hotel is the Four Seasons Hotel Shanghai (上海四季酒店) at Jing An District. (Hong Kong Economic Journal P4)
Morgan Stanley expects Sun Hung Kai Properties’ (16 HK) interim core net profit to jump 61 per cent yoy to HK$9.9 billion, giving it an Overweight rating and HK$155 price target. (Hong Kong Economic Times A10)
The Hong Kong Building (145 HK) and Loan Agency has agreed to acquire the entire issued share capital of Weldtech Technology at a total consideration of HK$2.8 billion. Trading in its shares will resume today. (SingTao Daily B19)
Trony Solar (2468 HK) booked net profit of 260 million yuan for the 6 months ended Dec 31, 2010, up 46 per cent year-on-year. Revenue was 900 million yuan, up 53.4 per cent year-on-year. It resolved not to declare any interim dividend. (Hong Kong Economic Times A11)
Xinjiang Goldwind Science & Technology (2208 HK) says, based on a review of its unaudited management accounts, its earnings for the year ended 31 Dec 2010 has increased substantially. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
