China Kingstone Mining (1380 HK) opened its retail book yesterday. Its offering has not been fully covered yet. (Hong Kong Economic Journal P5)
China Resources Cement (1313 HK) announced its profit attributable for owners of the company increased by 100 percent to HK$2,040 million with consolidated gross profit margin of 31.6 percent, or two pct up year-on-year. (Sing Tao Daily B4)
China Shenhua Energy (1088 HK) shares went up 3.19 per cent to end at HK$34 each yesterday. China Coal Energy (1898) and Yanzhou Coal Mining (1171) rose 1.94 and 1.86 per cent respectively yesterday. (Hong Kong Economic Journal P5)
CSR Corporation Limited (1766 HK) proposes to issue shore-term debentures with an amount no more than 5 billion yuan. This proposal is to be approved by shareholders of the company. (Sing Tao Daily B3)
Hilong Holding’s (1623 HK) offer price ranges between HK$2.5 and 3.7 per share. It will start its IPO this Friday and list on 24 Mar. Morgan Stanley and Standard Chartered are its sponsors. (Hong Kong Economic Journal P5)
International Taifeng Holdings (873 HK) announced its profit attributable to share holders of the company increased by nearly 68 percent to 416.8 million yuan for 2010. The company declared a final dividend of 0.113 yuan per share. (Sing Tao Daily B3)
Kingboard Chemical Holdings (148 HK) announced that the company’s net profit experienced an increase of 51 percent year-on-year to a new high of HK$3.6 billion for 2010. Mr. Chadwick Mok Cham Hung, executive director of Kingboard Chemical Holdings Limited, notes that the company’s fixed asset investment is approximately HK$1.5 billion-HK$2 billion this year and real estate investment will depends on market conditions. (Sing Tao Daily B3)
Kingboard Laminates (1888 HK) saw profit go up 38 per cent to HK$2.28 billion for the year ended 31 December 2010. Earnings per share amounted to HK76.0 cents. A final dividend per share of HK18.0 cents was proposed. (Hong Kong Economic Times A14)
Citi ups its price target for PetroChina Company (857 HK) from HK$11.6 to 12, saying that it will benefit from rising oil prices. (Hong Kong Economic Times A3)
Powerlong Real Estate (1238 HK) propose to conduct an international offering of US$ settled RMB senior bonds. It is reported that they are 3-yr bonds with yield of around 11.75 percent. (Hong Kong Economic Times A14)
SPG Land (Holdings) Limited (337 HK) recorded its profit attributable to shareholders of the company was 890 million yuan for the year ended 31 December 2010, or an increase of 31 percent, with basic earnings per share was 0.847 yuan. (Sing Tao Daily B3)
Sun Hung Kai Properties (16 HK) plans to expand its brand of “International Commerce Centre (ICC)” into Nanjing after its ICC project in Shanghai. The ICC project will be named as “Nanjing ICC”, focusing on a combination of internationalisation, modernization and business integration. (Sing Tao Daily B5)
The Wharf (Holdings) Limited (4 HK) is expanding its land bank positively in Mainland China. The company announced that it successfully bid for a piece of land for residential buildings in Hangzhou, China at a consideration of 787 million yuan. (Sing Tao Daily B3)
Wingsway Coking Coal Holdings ( 1733 HK) announced that the company’s net profit saw an increase of 80 percent year-on-year to HK$930 million for 2010. The company also recommended a final dividend of HK$0.061 per share for the year ended 31 December 2010. (Sing Tao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
