Asia Tele-Net Technology (679 HK) issues a positive profit alert that the company is expected to record a profit for year ended 31 December 2010, benefiting from the recovery of PCB, automobile and photo voltaic sectors worldwide. (Sing Tao Daily B3)
Belle International Holdings’ (1880 HK) profit attributable to equity holders increased by 35.2 per cent to 3,424.5 million yuan. The company recommended the payment of a final dividend of RMB6 cents per ordinary share and a special dividend of RMB10 cents per ordinary share. (Hong Kong Economic Times A10)
Huixian, Cheung Kong’s (1 HK) RMB REIT, will sell about 2.7 billion existing shares, or 40 percent of the company in the IPO, giving it a market capitalization of about 28 billion yuan. (Sing Tao Daily B3)
China Life Insurance Company (2628 HK) notes that although the company’s solvency ratio plunges to 212 percent, the adequate level is capable of supporting its development over 2 to 3 years’ time. (Sing Tao Daily B3)
CNOOC Limited’s (883 HK) consolidated net profit increased 84.5 per cent to 54,409.5 million yuan in 2010. The company proposed a year-end dividend of HK$0.25 per share. (Hong Kong Economic Times A10)
Cosco Pacific (1199 HK) announced this company’s profit attributable to shareholders for 2010 was US$360 million (HK$2.8 billion) with earnings per share of HK$1.1. The company proposed a final dividend of HK$19.37 per share. (Sing Tao Daily B3)
Dah Sing Banking Group (2356 HK) saw profit attributable to shareholders increasing to HK$1,074 million for the year ended 31 December 2010. It will propose a final dividend of HK$0.2 per share. Net interest margin narrowed to 1.68 per cent. (Hong Kong Economic Times A11)
The net profit for Dah Sing Financial Holdings (440 HK) in 2010 increased by 61 percent to HK$1,006 million, with earnings per share of HK$3.67. A final dividend of HK$0.86 was recommended. (Sing Tao Daily B3)
Geely Automobile Holdings (175 HK) booked profit attributable to equity holders of 1,368,437,000 yuan. A final dividend of HK$0.026 per share was proposed. (Hong Kong Economic Times A10)
KWG Property (1813 HK) plans to issue senior fixed rate notes between US$250 million to US$300 million with a term of 5 years. The notes will bear interest at a rate of 12.75 percent per annum as initially indicated. (Sing Tao Daily B3)
Mongolian Mining Corporation (975 HK) announced this company’s net profit for 2010 saw an increase of about 486 percent to US$60 million. No final dividend is proposed. (Sing Tao Daily B4)
Skyfame Realty (59 HK) announces that given that the winding-up petition had been withdrawn and the provisional liquidators had been dismissed, the acceleration notice had been withdrawn, and the receivership under each of the notes and the Sky Honest loan had been discharged respectively, the company submits that it has satisfied the relevant resumption condition and has made an application for the resumption of trading in its shares with effect from today. (Hong Kong Economic Journal P11)
The Wharf (Holdings) (4 HK) reported the record financial performance yesterday that the company’s profit recorded an increase of 86 percent year-on year to HK$35.8 billion for 2010. Mr. Stephen Tin Hoi Ng, the Deputy Chairman of the Wharf (Holdings) notes that the company sets its target of contract sales in Mainland China of RMB14 billion and rental properties of 2 million square meters to be completed in 2013-16. (Sing Tao Daily B4)
Trinity Limited (891 HK) announces that for 2010 the profit attributable to shareholders increased to HK$340.8 million. It recommended paying shareholders a final dividend of 10.0 HK cents per share for the year ended 31 December 2010. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
