IPO: Sources say Inner Mongolia Yitai Coal plans to list in April to raise around US$1.5 billion, with UBS as one of the arranging banks. (Hong Kong Economic Journal P6)
IPO: Shanghai Pharmaceuticals is said to plan to list in HK in April to raise around US$1.2 billion. Sponsors include Goldman Sachs, Credit Suisse and Deutsche Bank. (Hong Kong Economic Journal P6)
Air China Limited (753 HK) decided to purchase five Boeing747-8 aircraft from Boeing Company at a consideration of HK$12 billion. (Sing Tao Daily B3)
UBS expects Cathay Pacific Airways’ 2010 (293 HK) net profit to be 14 billion, a yoy increase of 1.97 times. (Hong Kong Economic Times A2)
China Rongsheng Heavy Industries Group (1101 HK) announced its net profit for the year ended 31 December 2010 was RMB1.72 billion, or an increase of 32 percent year-on-year. The company recommends final dividend of RMB6.8 cents per share. (Sing Tao Daily B4)
China SCE Property (1966 HK) booked contracted sales of around 370 million yuan in Feb, surging 69 per cent yoy. Contracted sales for the first 2 months amounted to around 1.02 billion yuan, jumping 265 per cent yoy. (Hong Kong Economic Journal P13)
China Windpower (182 HK) announced its profit for 2010 was HK$427 million. The company plans to increase its installed capacity by 700MW-800 MW this year. The company’s total installed capacity for 2010 was 1,064 MW.(Sing Tao Daily B4)
CLP Holdings Limited (2 HK) plans to inject AUD10 billion in Australia over the next ten years for thermal power and renewable energy projects. The company has no intention of spinning off TRUenergy. (Sing Tao Daily B3)
Fubon Bank (Hong Kong) Limited (636 HK) announced its net profit increased by 10.6 times to HK$267 million, with earnings per share of HK15.62 cents for 2010. The company proposed a final dividend of HK3 cents per share. (Sing Tao Daily B3)
Hong Kong Aircraft Engineering Company (44 HK) announced its net profit increased by 2 percent to HK$700 million, with HK$4.21 for earnings per share for 2010. (Sing Tao Daily B3)
Manulife Financial Corporation (945 HK) will issue no more than 8 million preferred shares priced at CAD25 per share to raise proceeds of CAD200 million, which is expected to be as Tier 1 Capital for Manulife. (Sing Tao Daily B3)
Pacific Plywood Holdings (767 HK) proposes to raise gross proceeds of around HK$222 million by issuing 2.774 billion rights shares to qualifying shareholders by way of a rights issue at the subscription price of HK$0.08 per rights share on the basis of 30 rights shares for every 1 existing share. (Hong Kong Economic Journal P10)
SPG Land (Holdings) (337 HK) sets its 2011 sales target at 8 billion yuan, up only 25 per cent over its completed contracted sales last year. (Hong Kong Economic Journal P13)
Sources say Sunac China Holdings (1918 HK) cancels its global roadshow presentations and will postpone its notes issue plan. (Hong Kong Economic Journal P8)
Want Want China (151 HK) announced its net profit for the year ended 31 December 2010 was US$358 million (approximately HK$2.79 billion), or a year-on-year increase of 14.65 percent, with earnings per share of US2.71 cents. The company proposed a final dividend of US1.36 cents per share. (Sing Tao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
