Bank of China (3988 HK) announced its net profit for 2010 experienced a significant increase of 29.2 percent year-on-year to RMB104, 418 million, and exceeding expectations. The company proposed a final dividend of RMB0.146 per share. (Sing Tao Daily B2)
BOC Hong Kong’s (2388 HK) profit attributable to shareholders increased by 16.3 per cent year-on-year to HK$16,196 million or HK$1.5319 per share. It has recommended a final dividend of HK$0.572 per share. (Hong Kong Economic Journal P2)
China Resources Enterprise (291 HK) saw its net profit for 2010 increase by around 95 percent to HK$5,674 million, a historical high. The company’s core businesses profit increased by 25 percent year-on-year, mainly due to the aggressive growth of its beer business. (Sing Tao Daily B5)
Giordano International’s (709 HK) profit attributable to its equity holders amounted to HK$540 million, a new high, or up 86 percent. The company plans to further expand business in Mainland by adding 300 new stores. (Sing Tao Daily B5)
Guangzhou R&F Properties (2777 HK) plans to acquire new capital at least of billions of yuan for its growth. In regard of the company’s status as an H-share company, Guangzhou R&F Properties are looking at innovative ways to enhance channels of financing. (Sing Tao Daily B6)
Li & Fung Limited (494 HK) proposes 1-to-2 share split. The subdivided shares will continue to be traded in board lots of 2,000 subdivided shares. (Sing Tao Daily B4)
Nanyang Holdings (212 HK) plans to subscribe for shares in The Shanghai Commercial & Savings Bank, Ltd. (SCSB) with a total number of 59,000,000 at a consideration of HK$155 million. After the completion of this subscription, Nanyang Holdings will hold 4.4 percent of share capital in SCSB. (Sing Tao Daily B4)
PICC Property and Casualty Company (2328 HK) saw its net profit for 2010 increase by nearly 2x year-on-year to RMB5,212 million, with earnings per share of RMB0.468. No final dividend was proposed. (Sing Tao Daily B4)
Renhe Commercial Holdings (1387 HK) announced the company’s net profit dropped by 4.8 percent to RMB3.84 billion for 2010 with earnings per share of RMB17.5 cents. The company recommended a final dividend of RMB7.2 cents per share. (Sing Tao Daily B4)
SCUD Group Limited (1399 HK) recorded turnover and profit attributable to the equity holders of about 1,527 million and 54.35 million yuan respectively, an increase of 20.8 and 16 per cent, respectively. It decided not to recommend any final dividend. (Hong Kong Economic Journal P10)
Sinofert Holdings (297 HK) announces that profit for the year attributable to shareholders was 536 million yuan, turning a loss to a profit. It recommended the payment of a final dividend of HK$0.011 per share. (Hong Kong Economic Times A10)
TOM Group (2382 HK) announces revenue for the year ended 31 December 2010 amounted to HK$2,464 million. Consolidated loss attributable to equity holders was HK$167,952,000. (Hong Kong Economic Times A11)
Techtronic Industries (669 HK) reported full year profit attributable to owners of HK$740 million, an increase of 50.7 per cent. Gross margin improved to 32.2 per cent as compared to 31.3 per cent reported last year. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
