Thursday, May 12, 2011

Hong Kong Stock Market Wrap May 11th, 2011

AAC Acoustic Technologies (2018 HK) reported profit for the period of RMB271,447,000. Earnings per share amounted to RMB22.14 cents. (SingTao Daily B4)

China Chengtong Development (217 HK) has signed an agreement to issue RMB600,000,000 4.5% bonds due 2014. The estimated net proceeds are around RMB589,000,000. (SingTao Daily B3)

Rumours (2083 HK) spread that China Flooring Holding’s placing was oversubscribed. (SingTao Daily B2)

China Longyuan Power (916 HK) announced that, benefiting from the healthy development of wind power generation, the company’s net profit attributable to the shareholders amounted to RMB635 million, or up 61 percent year-on-year, for the first quarter ended 31 March 2011. (Hong Kong Economic Times A14)

EPRO (8086 HK) announced that for the nine months ended 31 March 2011, the company’s unaudited consolidated revenue was around HK$124 million, up about 58.3 percent over the same period in 2010. (Hong Kong Economic Journal P6)

The total sales volume of Geely Automobile Holdings (175 HK) for April was 34,902 units, an increase of some 7.6% over the same period last year, but was down about 13.3% from March. The total sales volume in the first 4 months was 152,600 units, up 12.8% from the same period last year. (SingTao Daily B3)

Gome (493 HK) announced that, concerning the article entitled “國美事件再露面 陳曉大爆國美財務漏洞” published in the 21st Century Business Herald on 10 May 2011, since Mr. Chen Xiao is no longer with the company, any statement from or any act of Mr. Chen would not represent the position of the company. All of the Company’s rights in relation to the article are expressly reserved. (Hong Kong Economic Times A14)

HKEX (388 HK) recorded a profit attributable to shareholders of $1,238 million in the first quarter of 2011. An average daily turnover value of $75.9 billion was recorded, an increase of 17 per cent against the corresponding period last year. (SingTao Daily B3)

PICC P&C (2328 HK)announced that the company’s premium income in April 2011 reached RMB15,502 million, representing a monthly dip of 9 percent. The premium income for the period from 1 January 2011 to 30 April 2011 was around RMB59,610 million, (Hong Kong Economic Times A14)

In the first quarter, new business profit across Prudential (2378 HK) was £498 million, an increase of 17 per cent over 2010, and APE new business was £888 million, an increase of 10 per cent over 2010. (SingTao Daily B3)

Real Gold Mining Ltd. (246 HK) announced that, for the first quarter ended 31 March 2011, the company’s profit and total comprehensive income for the period attributable to owners reached RMB178 million, up 39.7 percent year-on-year. (Hong Kong Economic Journal P6)

Skyworth Digital (751 HK) announced that in April, the company’s flat panel TV business experienced total sales volume growth of 20 percent year-on-year. (Hong Kong Economic Times A14)

Sparkle Roll Group (970 HK) says, based on the preliminary review, it may record a significant increase in profit for the year ended 31 March 2011 as compared to the profit recorded in the last financial year ended on 31 March 2010. (SingTao Daily B3)

Profit attributable to equity holders of Tencent Holdings (700 HK) for the first quarter of 2011 was RMB2,870.4 million, an increase of 61.0% over the same period in 2010. EPS was RMB1.575. (SingTao Daily B5)

Viva China (8032 HK) won the bid for the land located in Changbai Dao of the Heping District, Shenyang City, Liaoning Province, China at a price of RMB1,006 million in an open auction. The site area is approximately 117,000 sq.m. The residential and commercial development of this land project will be developed based on the ratio of 90 percent and 10 percent respectively. (Hong Kong Economic Times A14)

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