Wednesday, May 4, 2011

Hong Kong Stock Market Wrap May 3rd, 2011

361 Degrees (1361 HK) announced that the company’s winter order book value rose 27 percent year-on-year along with the surge of selling prices and the order volume. (Sing Tao Daily B5)

Ausnutria Dairy Corporation (1717 HK) has entered into an entrusted fund management agreement with Yunnan International Trust, entrusting a fund in the amount of RMB200 million to the latter for the purchase of the financial assets held by CMB (Changsha). (Hong Kong Economic Journal P3)

China Properties Investment (736 HK) says it has noted the decrease in the price and increase in the trading volume of its shares and are not aware of any reasons for such movement. (Hong Kong Economic Times A11)

Fortune Real Estate Investment Trust’s (778 HK) total revenue for 1Q 2011 was HK$218.8 million, 4.6% higher year-on-year. (Hong Kong Economic Journal P11)

Guangzhou R&F Properties (2777 HK) announced that the company’s contract sales in April restored to the upward trend with RMB2,636 million, or up 7 percent year-on-year. (Sing Tao Daily B5)

Hang Seng Bank (11 HK) has declared a 1st interim dividend in respect of the year ending 31 Dec 2011 of HK$1.10 per share, which will be payable on 2 Jun, to shareholders whose names appear on the register of shareholders on 19 May. (Hong Kong Economic Journal P6)

Hengxin Technology Ltd. (1085 HK) announced that, for the first quarter ended 31 March 2011, the company, the company’s profit will experience a decrease of 25 percent to 35 percent as compared to that for the corresponding period in the last financial year. (Sing Tao Daily B4)

HSBC Holdings (5 HK) has declared a first interim dividend of US$0.09 per ordinary share in respect of the year ending 31 Dec 2011. The 1st interim dividend will be payable on 6 Jul. (Hong Kong Economic Journal P6)

QPL International Holdings Limited (243 HK) announced that the company’s annual profit ended 30 April 2011 will experience a loss as compared to that for the previous corresponding financial year. (Sing Tao Daily B4)

Sands China (1928 HK) shares shares rose to HK$22.4 each yesterday. Melco International (200) shares finished at HK$6.82 each. (Hong Kong Economic Journal P6)

Sa Sa International (178 HK) announced that during the three holidays in May 2011, the company’s operating revenue in Hong Kong and Macau increased by 28 percent over the same period last year. (Sing Tao Daily B4)

TLT Lottotainment Group (164 HK) entered into the Amendment Agreement with the placing agent to amend the placing price. The new placing price is HK$0.245 per placing share. (Sing Tao Daily B4)

Up Energy Development Group Limited (307 HK) received the judgment from the High Court. The Court of First Instance dismissed the appeal lodged by the plaintiff against Up Energy Development Group Limited for damages of approximately HK$76.86 million for breach of agreements. (Sing Tao Daily B4)

Zijin Mining Group (2899 HK) released an announcement in regard of the leakage of wastewater at Zijinshan Gold and Copper Mine copper hydro-metallurgical plant of the company in July 2010. Fujian Province Longyan City Xinluo District People’s Court rejected the appeal made by Zijin Ming Group and sustained the original judgment. (Sing Tao Daily B4)

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