Thursday, April 28, 2011

Hong Kong Stock Market Wrap April 27th, 2011

For the 3 months ended 31 Mar, the Agricultural Bank of China (1288 HK) achieved a net profit of RMB34,073 million, surging 36.41% over the same period of 2010. Loan-to-deposit ratio was 55.71%, dipping 0.06 percentage point compared to the end of 2010. (Hong Kong Economic Times A10)

China Metal Recycling’s (773 HK) chairman Chun Chi Wai has placed up to an aggregate of 60,000,000 shares through Wellrun Limited. (SingTao Daily B1)

China Shipping Container Lines Company (2866 HK) booked net profit attributable to equity holders of -146,148,266.97, up 24.17pc yoy. (SingTao Daily B4)

New Media Group (708 HK) plans to issue Taiwan Depositary Receipts. The proposed TDR listing will involve an issuance of new shares of nominal value of HK$0.01 each. (SingTao Daily B4)
For the 3 months ended Mar 31, Ping An Insurance (Group) Company of China (2318 HK) realized a net profit attributable to owners of the parent of RMB5,814 million, a growth of 27.8% as compared with the same period of last year. Basic earnings per share amounted to RMB0.76. (SingTao Daily B4)

SBI (6488 HK) announces that its consolidated performance for the fiscal year ended 31 March 2011 resulted in net income of ¥4,534 million, a 93% year-on-year increase. Final dividend of ¥120 per share declared. (SingTao Daily B4)

Shandong Molong Petroleum Machinery Company (568 HK) reported net profit attributable to shareholders of 22,120,961.62, down 33.07pc. (SingTao Daily B4)
Shandong Weigao Group Medical Polymer (1066 HK) has agreed to place an aggregate 85,624,000 new H shares at HK$20.6 apiece. (SingTao Daily B1)

Sino-Ocean Land (3377 HK) proposes to conduct an international offering of perpetual subordinated capital securities and will commence a series of roadshow presentations beginning on or around 27 Apr in Asia, Europe and the US, expecting that the securities to be deemed as hybrid securities. (Hong Kong Economic Journal P14)

Yuzhou Properties (1628 HK) Company has agreed to place 72,000,000 warrants at an exercise price of HK$2.82 per warrant share to not less than six placees, including J.P. Morgan. The warrants are to be placed at HK$0.01 each. (Hong Kong Economic Journal P14)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard