Thursday, June 16, 2011

Hong Kong Stock Market Wrap June 15th, 2011

Artini China Co.(789 HK) says its annual results for the year ended 31 March 2011 are expected to record a further loss as compared with that for the year ended 31 March 2010, which are mainly attributable to increases in losses incurred by its retail operations. (Hong Kong Economic Times A13)

Celestial Asia (1049 HK) and ARTAR has entered into a subscription agreement concerning the issue of around HK$93.6 million convertible bonds. (Sing Tao Daily B3)

China Eastern Airlines (670 HK) says it plans to issue not more than RMB8b bonds with a term less than 5 years. (Hong Kong Economic Journal 29)

Lee & Man Paper Manufacturing (214 HK) announced that for the year ended 31 March 2011, the company’s net profit increased by 0.4 percent to HK$1.85 billion with earnings per share of HK40.13 cents. A final dividend of HK 8 cents per share was declared. (Sing Tao Daily B3)

Loudong General Nice Resources (China) (988 HK) announces a placing of roughly 40,002,000 shares at HK$1.04 each, a discount of around 0.95% to yesterday’s closing price of HK$1.050 per share. (Hong Kong Economic Journal 6)

Man Wah Holdings (1999 HK) announced for the year ended 31 March 2011, its net profit increased by 0.6 percent year-on-year to HK$621.3 million. A final dividend of HK 13 cents per share was announced. (Sing Tao Daily B3)

NetDragon Websoft (777 HK) posted profit for the period attributable to the owners of the company for the first quarter of 2011 about RMB34.6 million, representing an increase of some 63.1% over the same period in 2010. Income derived from mobile Internet business increased by around 45.8% to about RMB6.1 million. (Hong Kong Economic Journal 12)

Petrol China (857 HK) announced that Mr Li Yuan has resigned as an independent supervisor of the company due to personal reasons. This resignation has taken force immediately. (Sing Tao Daily B3)

Suncorp Technologies (1063 HK) proposes to implement a share consolidation on the basis that every 10 shares will be consolidated into one consolidated share and to change the board lot size for trading in the shares from 4,000 shares to 10,000 consolidated shares. (Hong Kong Economic Journal 29)

The Wharf (Holdings) (4 HK) will acquire 50 percent of equity interests in four projects from the parent Wheelock at a cash consideration of HK$3,385 million. The four projects are situated in Shanxi Province, PRC. (Sing Tao Daily B2)

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