China Agri-Industries Holdings Ltd. (606 HK) announced for the six months ended June 30, 2011, its profit attributable to its owners increased by 21 percent to HK$1.6 billion. There was a 48 percent of increase in revenue to HK$33.6 billion. An interim dividend of HK7.9 cents per share was announced. (Hong Kong Economic Times A8)
For the first half of 2011, China Mengniu Dairy Company (2319 HK) recorded RMB790 million of net profit, up 27.6 percent year-on-year. The company announced no payment of interim dividend. Due to the rising cost in raw materials, its overall gross profit margin was 26 percent, down 0.2 percent. The company will raise product selling price if future gross profit margin lacks good performance. (Hong Kong Economic Times A8)
China Merchants Bank (3968 HK) accomplished a net profit attributable to shareholders of RMB18.6 billion, surging 40.88%. No interim dividend was declared. (SingTao Daily B3)
China Pharmaceutical Group (1093 HK) recorded a profit attributable to shareholders of HK$264 million, down 38.1%. EPS amounted to 17 HK cents. (SingTao Daily B6)
Evergrande Real Estate Group (3333 HK) saw its 1H net profit attributable to shareholders for the six months ended 30 June 2011 skyrocket 144.6% to RMB5.70 billion, with the GFA of contracted sales of 6.117 million square meters. It resolved not to declare any dividend. (SingTao Daily B4)
Giordano International (709 HK) saw its half-year profit attributable to shareholders jump 71.3% to HK$346 million, with EPS of 23.0 HK cents. The firm declared interim dividend of 15.0 HK cents a share. (SingTao Daily B6)
Due to the increase in production costs resulted from rising raw material prices, the net profit of Hengan International Group (1044 HK) dropped 1.7 percent year-on-year to HK$1,181 million for the first half year of 2011. An interim dividend of HK60 cents per share was announced.
(Hong Kong Economic Journal P6)
For the first half of 2011, Milan Station (1150 HK) recorded a net profit of HK$34.156 million, up 35 percent. After the company raised HK$203 million through public listing three months ago, it declared the payment of an interim dividend of HK1.52 cents per share and a special dividend of HK1.27 cents per share, totaling 46 percent of its basic earnings per share. (Hong Kong Economic Times A9)
Sun Art Retail Group (6808 HK) announced for the first half of 2011, its profit attributable to its shareholders amounted to RMB784 million, meeting the 55 percent of not less than RMB1,414 million of net profit targeted in the company’s forecast when it started public listing. Its earnings per share were RMB0.13. No interim dividend was announced. (Hong Kong Economic Times A9)
Weichai Power (2338 HK) booked a revenue of around RMB36,627 million in the 1H, up about 10.2% yoy. Net profit attributable to the shareholders of the parent amounted to roughly RMB3,502 million, up 8.3%. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Wednesday, August 31, 2011
Tuesday, August 30, 2011
Hong Kong Stock Market Wrap Aug. 29th, 2011
BBMG Corporation (2009 HK) announced that for the first six months in 2011, its profit attributable to its shareholders amounted to RMB1, 635.8 million, up around 54.1 percent compared with the same period in last year. The company announced no payment of interim dividend. (Hong Kong Economic Times A12)
Boshiwa International’s (1698 HK) profit attributable to owners rose 11.9% to RMB130 million. Basic EPS dropped by 19.2% to RMB6.26cents. (SingTao Daily B5)
China Citic Bank (998 HK) announced that for the first half of 2011, its net profit increased by 40.6 percent to RMB15.02 billion, meeting market expectations. The bank planned to issue RMB denominated bonds in Hong Kong for an aggregate amount of no more than RMB30 billion. The proceeds will be used for granting loans, working capital of the bank and general corporate purposes. (Hong Kong Economic Times A10)
The first half business result of Sinopec Group (386 HK) exceeded expectations. The company seeks to expand upstream operations in both China and abroad and to further explore unconventional energy in an effort to build a world-class energy and chemical company. The company also plans to issue A share convertible corporate bonds for an aggregate amount of no more than HK$50 billion. (Hong Kong Economic Times A10)
The share price in China Shenhua Energy (1088 HK) went up 3.7 percent to record HK$35.1 yesterday after its interim result announcement. The company seeks to outperform its whole-year target and plans more acquisitions and mergers in the second half year. The bid made by its Parent for the coal project in Inner Mongolia has been under discussion. (Hong Kong Economic Journal P7)
GOME Electrical Appliances (493 HK) saw its interim net profit surge 30.15% to approximately RMB1,252 million. It declared an interim dividend of RMB2.2 fen an ordinary share. (SingTao Daily B6)
Great Wall Motor Company (2333 HK) announces that it has received approval for its proposed A share issue to allot and issue not more than 304,243,000 A shares. (SingTao Daily B6)
For the first half of 2011, Guangdong Investment Ltd. (270 HK) announced that its net profit went up 43.7 percent year-on-year to HK$1,617 million. The company announced an interim dividend of HK7 cents per share, up 40 percent. (Hong Kong Economic Times A12)
International Mining Machinery (1683 HK) posted an interim profit of RMB 203 million, up 40pc. No dividend was declared. (SingTao Daily B6)
Sands China (1928 HK) saw its profits soar 115.4% to US$539.5 million in the 1H, with revenues increasing 19.2% to US$2,360.8 million. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Boshiwa International’s (1698 HK) profit attributable to owners rose 11.9% to RMB130 million. Basic EPS dropped by 19.2% to RMB6.26cents. (SingTao Daily B5)
China Citic Bank (998 HK) announced that for the first half of 2011, its net profit increased by 40.6 percent to RMB15.02 billion, meeting market expectations. The bank planned to issue RMB denominated bonds in Hong Kong for an aggregate amount of no more than RMB30 billion. The proceeds will be used for granting loans, working capital of the bank and general corporate purposes. (Hong Kong Economic Times A10)
The first half business result of Sinopec Group (386 HK) exceeded expectations. The company seeks to expand upstream operations in both China and abroad and to further explore unconventional energy in an effort to build a world-class energy and chemical company. The company also plans to issue A share convertible corporate bonds for an aggregate amount of no more than HK$50 billion. (Hong Kong Economic Times A10)
The share price in China Shenhua Energy (1088 HK) went up 3.7 percent to record HK$35.1 yesterday after its interim result announcement. The company seeks to outperform its whole-year target and plans more acquisitions and mergers in the second half year. The bid made by its Parent for the coal project in Inner Mongolia has been under discussion. (Hong Kong Economic Journal P7)
GOME Electrical Appliances (493 HK) saw its interim net profit surge 30.15% to approximately RMB1,252 million. It declared an interim dividend of RMB2.2 fen an ordinary share. (SingTao Daily B6)
Great Wall Motor Company (2333 HK) announces that it has received approval for its proposed A share issue to allot and issue not more than 304,243,000 A shares. (SingTao Daily B6)
For the first half of 2011, Guangdong Investment Ltd. (270 HK) announced that its net profit went up 43.7 percent year-on-year to HK$1,617 million. The company announced an interim dividend of HK7 cents per share, up 40 percent. (Hong Kong Economic Times A12)
International Mining Machinery (1683 HK) posted an interim profit of RMB 203 million, up 40pc. No dividend was declared. (SingTao Daily B6)
Sands China (1928 HK) saw its profits soar 115.4% to US$539.5 million in the 1H, with revenues increasing 19.2% to US$2,360.8 million. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Monday, August 29, 2011
Hong Kong Stock Market Wrap Aug. 26th, 2011
Citic Dameng Holdings Ltd. (1091 HK) announced that its first half-year net profit amounted to approximtately HK$380 million, up 6.5x year-on-year. No interim dividend was announced.
(SingTao Daily B15)
Hang Lung Properties (101 HK) launched a grand opening for its Jinan Mall yesterday. Chairman Ronnie Chan told reporters that the Group’s rental income from China will exceed that from Hong Kong this year after the opening of its Jinan and Shenyang malls. This developer plans to invest as much as RMB50 billion building shopping malls in other parts of China. (Hong Kong Economic Journal P4)
For the six months ended June 30, 2011, Shougang Concord International Enterprises Company (697 HK) recorded a net profit of HK$214 million, dropping 50.71 percent year-on-year. No interim dividend was announced. (SingTao Daily B15)
Sinopec Shanghai Petrochemical Company (338 HK) reported a first-half net profit of RMB1,426 million in 2011, down 5.81 percent year-on-year. The company did not declare the payment of interim dividend. (SingTao Daily B15)
The Bank of East Asia (23 HK) has completed the sale of 10 percent of equity interest in ICBC Canada to ICBC at a consideration of HK$124 million. The bank’s interest in ICBC is reduced from 30 percent to 20 percent, which will remain as a long-term investment for the bank. (Hong Kong Economic Times A10)
China Flooring Holding (2083 HK) registered a profit attributable to owners for the 6 months ended 30 June 2011 of around RMB95,240,000, a yoy surge of 46.5%. EPS was RMB0.08. (SingTao Daily B13)
CITIC Resources (1205 HK) saw its profit attributable to shareholders soar 134.8% to HK$393.4 million in 1H. The company has resolved not to pay an interim dividend. (SingTao Daily B13)
Datang International Power Generation (991 HK) saw its 1H operating revenue gain around 15.12% over the first half of 2010 to approximately RMB33,322 million, with net profit attributable to equity holders amounting to roughly RMB932 million, up about 2.17%. (Hong Kong Economic Journal 4)
Greentown China’s (3900 HK) interim profit attributable to owners amounted to RMB891.8 million, skyrocketing by169% yoy. Its board has resolved to declare an interim dividend of RMB0.10 an ordinary share in issue. (Hong Kong Economic Times A11)
Hunan Nonferrous Metals Corporation (2626 HK) booked a profit attributable to owners of RMB171 million for the 6 months ended 30 June 2010. Turnover advanced 24.01% yoy to RMB11,987 million. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
(SingTao Daily B15)
Hang Lung Properties (101 HK) launched a grand opening for its Jinan Mall yesterday. Chairman Ronnie Chan told reporters that the Group’s rental income from China will exceed that from Hong Kong this year after the opening of its Jinan and Shenyang malls. This developer plans to invest as much as RMB50 billion building shopping malls in other parts of China. (Hong Kong Economic Journal P4)
For the six months ended June 30, 2011, Shougang Concord International Enterprises Company (697 HK) recorded a net profit of HK$214 million, dropping 50.71 percent year-on-year. No interim dividend was announced. (SingTao Daily B15)
Sinopec Shanghai Petrochemical Company (338 HK) reported a first-half net profit of RMB1,426 million in 2011, down 5.81 percent year-on-year. The company did not declare the payment of interim dividend. (SingTao Daily B15)
The Bank of East Asia (23 HK) has completed the sale of 10 percent of equity interest in ICBC Canada to ICBC at a consideration of HK$124 million. The bank’s interest in ICBC is reduced from 30 percent to 20 percent, which will remain as a long-term investment for the bank. (Hong Kong Economic Times A10)
China Flooring Holding (2083 HK) registered a profit attributable to owners for the 6 months ended 30 June 2011 of around RMB95,240,000, a yoy surge of 46.5%. EPS was RMB0.08. (SingTao Daily B13)
CITIC Resources (1205 HK) saw its profit attributable to shareholders soar 134.8% to HK$393.4 million in 1H. The company has resolved not to pay an interim dividend. (SingTao Daily B13)
Datang International Power Generation (991 HK) saw its 1H operating revenue gain around 15.12% over the first half of 2010 to approximately RMB33,322 million, with net profit attributable to equity holders amounting to roughly RMB932 million, up about 2.17%. (Hong Kong Economic Journal 4)
Greentown China’s (3900 HK) interim profit attributable to owners amounted to RMB891.8 million, skyrocketing by169% yoy. Its board has resolved to declare an interim dividend of RMB0.10 an ordinary share in issue. (Hong Kong Economic Times A11)
Hunan Nonferrous Metals Corporation (2626 HK) booked a profit attributable to owners of RMB171 million for the 6 months ended 30 June 2010. Turnover advanced 24.01% yoy to RMB11,987 million. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Hong Kong Stock Market Wrap Aug. 25th, 2011
Due to expansion of business in a rapid manner and management of expense rise in the first half of 2011, Belle International Holdings Ltd. (1880 HK) recorded the profit attributable to the shareholders up 29 percent to RMB2.01 billion. An interim dividend of RMB7 cents per share was announced. The company planned to deliver low-end footwear, middle and high-end men footwear and children’s category over the next 3-5 years.
(SingTao Daily B3)
For the six months ended June 30, 2011, China Resources Enterprise (291 HK) reported its net profit decreased by 63 percent year-on-year to HK$1,569 million. Its core businesses excluding the after-tax effect of asset revaluation increased by 18 percent. The company announced an interim dividend of HK15 cents per ordinary share. (SingTao Daily B3)
Industrial and Commercial Bank of China (1398 HK) announced that for the first half of 2011, its net profit amounted to RMB109.48 billion, surging 29.4 percent. No interim dividend was announced. (SingTao Daily B2)
JF Household Furnishings (776 HK) was notified by its controlling shareholder Bounty Wealth that it placed a maximum of 2,945,000 shares of the company after trading hours on 19 August. (Hong Kong Economic Journal 26)
Kazakhmys (847 HK) intends to start a buyback programme to buy up to US$250 million of its ordinary shares listed on the London Stock Exchange. (Hong Kong Economic Journal 26)
Li Ning (2331 HK) plans to spend RMB285 million to repurchase inventory from distributors and offer clearance sales through more factory outlets to be opened this year.
(SingTao Daily B6)
Renhe Commercial (1387 HK) recorded a 1H profit attributable to shareholders of RMB605.0 million, a yoy jump of about 357.6%. As at the end of 24 August, its GFA under management went up 78% yoy to roughly 1.34 million sq.m. (Hong Kong Economic Times A12)
Shandong Chenming Paper (1812 HK) recorded RMB484 million of net profit for the first half of 2011, down 20.45 percent year-on-year. The company maintained no payment of dividends. (SingTao Daily B6)
Sinopharm Group’s (1099 HK) 1H profit attributable to equity holders amounted to RMB784 million, advancing 23%. Its gross profit margins fell 0.11%
to 8.17%. (Hong Kong Economic Times A12)
SOHO China (410 HK) realized an interim net profit attributable to equity shareholders of RMB1,750 million, gaining 2% yoy. The firm declared an interim dividend of RMB0.14 a share. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
(SingTao Daily B3)
For the six months ended June 30, 2011, China Resources Enterprise (291 HK) reported its net profit decreased by 63 percent year-on-year to HK$1,569 million. Its core businesses excluding the after-tax effect of asset revaluation increased by 18 percent. The company announced an interim dividend of HK15 cents per ordinary share. (SingTao Daily B3)
Industrial and Commercial Bank of China (1398 HK) announced that for the first half of 2011, its net profit amounted to RMB109.48 billion, surging 29.4 percent. No interim dividend was announced. (SingTao Daily B2)
JF Household Furnishings (776 HK) was notified by its controlling shareholder Bounty Wealth that it placed a maximum of 2,945,000 shares of the company after trading hours on 19 August. (Hong Kong Economic Journal 26)
Kazakhmys (847 HK) intends to start a buyback programme to buy up to US$250 million of its ordinary shares listed on the London Stock Exchange. (Hong Kong Economic Journal 26)
Li Ning (2331 HK) plans to spend RMB285 million to repurchase inventory from distributors and offer clearance sales through more factory outlets to be opened this year.
(SingTao Daily B6)
Renhe Commercial (1387 HK) recorded a 1H profit attributable to shareholders of RMB605.0 million, a yoy jump of about 357.6%. As at the end of 24 August, its GFA under management went up 78% yoy to roughly 1.34 million sq.m. (Hong Kong Economic Times A12)
Shandong Chenming Paper (1812 HK) recorded RMB484 million of net profit for the first half of 2011, down 20.45 percent year-on-year. The company maintained no payment of dividends. (SingTao Daily B6)
Sinopharm Group’s (1099 HK) 1H profit attributable to equity holders amounted to RMB784 million, advancing 23%. Its gross profit margins fell 0.11%
to 8.17%. (Hong Kong Economic Times A12)
SOHO China (410 HK) realized an interim net profit attributable to equity shareholders of RMB1,750 million, gaining 2% yoy. The firm declared an interim dividend of RMB0.14 a share. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Hong Kong Stock Market Wrap Aug. 24th, 2011
Bank of China (3988 HK) said that due to the stable increase in gross profit margin and improvement in commission income, its net profit increased by 27.86 percent to RMB66, 513 million for the first of 2011. No interim dividend was announced. (SingTao Daily B1)
Due to continued growth in core businesses and net recovery from the underlying collateral of the Lehman Brothers Minibonds amounting to HK$2,854 million, BOC Hong Kong (2388 HK) recorded its first-half net profit surged 67 percent year-on-year to HK$11,993 million, a new high since its listing in 2002. The bank announced an interim dividend of HK$0.63 per share. (SingTao Daily B1)
China Dongxiang (Group) (3818 HK) posted an interim profit attributable to equity holders of RMB225 million, diving 71.4%. It declared an interim dividend and interim special dividend of RMB1.19 cents and RMB1.59 cents respectively an ordinary share. (Hong Kong Economic Times A13)
China Technology Solar Power (811 HK) announces that its subsidiary Qinghai Baike Solar Power and LDK Solar Hi-Tech (Suzhou), subsidiary of LDK Solar, have entered into a supply contract for the supply of 8 megawatt polysilicon crystalline silicon solar energy battery components to Qinghai Baike for an aggregate consideration of RMB66,400,000. (Hong Kong Economic Journal 25)
CNOOC Ltd. (883 HK) annouced that for the period ended June 30, 2011, its net profit amounted to RMB39.34 bn, representing an increase of 51.4 percnet over the same period last year. The company announced an interim dividend of HK25 cents per share, up 19 percent year-on-year. (SingTao Daily B2)
CSR Corporation (1766 HK) announces that it has of late entered into contracts for or won the bids of roughly six major projects, with an aggregate value of about RMB7.16 billion. (Hong Kong Economic Journal 25)
Li Ning Company (2331 HK) reported interim profit attributable to equity holders of RMB294 million, slipping 49.5%. Revenue fell 4.8% to RMB4,289 million. The company declared an interim dividend of RMB11 .13 cents an ordinary share. (Hong Kong Economic Times A13)
Lonking Holdings Ltd. (3339 HK) announced that for the six months ended June 30, 2011, its net profit significantly increased by 24.63 percent to RMB1, 154 million, with basic earnings per share were RMB0.27. An interim dividend of HK6 cents per share was announced.
(SingTao Daily B5)
Tai Sang Land Development Ltd. (89 HK) announced that for the first half of 2011, its profit attributable to the owners amounted to HK$461 million, up 122 percent year-on-year. The company declared an interim dividend of HK3 cents per share for the period. (SingTao Daily B5)
Tech Pro Technology Development (3828 HK) announces that its wholly-owned subsidiary has agreed to acquire 60% of the entire issued share capital of Pacific King Technology and the shareholders’ sale loan at a total consideration of HK$138 million. (Hong Kong Economic Journal 25)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Due to continued growth in core businesses and net recovery from the underlying collateral of the Lehman Brothers Minibonds amounting to HK$2,854 million, BOC Hong Kong (2388 HK) recorded its first-half net profit surged 67 percent year-on-year to HK$11,993 million, a new high since its listing in 2002. The bank announced an interim dividend of HK$0.63 per share. (SingTao Daily B1)
China Dongxiang (Group) (3818 HK) posted an interim profit attributable to equity holders of RMB225 million, diving 71.4%. It declared an interim dividend and interim special dividend of RMB1.19 cents and RMB1.59 cents respectively an ordinary share. (Hong Kong Economic Times A13)
China Technology Solar Power (811 HK) announces that its subsidiary Qinghai Baike Solar Power and LDK Solar Hi-Tech (Suzhou), subsidiary of LDK Solar, have entered into a supply contract for the supply of 8 megawatt polysilicon crystalline silicon solar energy battery components to Qinghai Baike for an aggregate consideration of RMB66,400,000. (Hong Kong Economic Journal 25)
CNOOC Ltd. (883 HK) annouced that for the period ended June 30, 2011, its net profit amounted to RMB39.34 bn, representing an increase of 51.4 percnet over the same period last year. The company announced an interim dividend of HK25 cents per share, up 19 percent year-on-year. (SingTao Daily B2)
CSR Corporation (1766 HK) announces that it has of late entered into contracts for or won the bids of roughly six major projects, with an aggregate value of about RMB7.16 billion. (Hong Kong Economic Journal 25)
Li Ning Company (2331 HK) reported interim profit attributable to equity holders of RMB294 million, slipping 49.5%. Revenue fell 4.8% to RMB4,289 million. The company declared an interim dividend of RMB11 .13 cents an ordinary share. (Hong Kong Economic Times A13)
Lonking Holdings Ltd. (3339 HK) announced that for the six months ended June 30, 2011, its net profit significantly increased by 24.63 percent to RMB1, 154 million, with basic earnings per share were RMB0.27. An interim dividend of HK6 cents per share was announced.
(SingTao Daily B5)
Tai Sang Land Development Ltd. (89 HK) announced that for the first half of 2011, its profit attributable to the owners amounted to HK$461 million, up 122 percent year-on-year. The company declared an interim dividend of HK3 cents per share for the period. (SingTao Daily B5)
Tech Pro Technology Development (3828 HK) announces that its wholly-owned subsidiary has agreed to acquire 60% of the entire issued share capital of Pacific King Technology and the shareholders’ sale loan at a total consideration of HK$138 million. (Hong Kong Economic Journal 25)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Hong Kong Stock Market Wrap Aug. 23rd, 2011
For the first half of 2011, Ajisen (China) (538 HK) realized the expansion of its chain restaurant network in a rapid manner. Its net profit amounted to HK$255 million, growing by 32.4 percent. The company declared an interim dividend of HK5.95 cents. (SingTao Daily B4)
Cathay Pacific Airways (293 HK) announced yesterday that it would issue US$2,000,000,000 medium term notes via HSBC. Details have not been announced yet. (Hong Kong Economic Journal 4)
China CBM Group (578 HK) has received notification from Jinfeng that it has got the nod from the relevant government authority for resumption in operation of Xiaohe Coal Mine No.3. The operation of Xiaohe Coal Mine No.3 can be resumed instantly. Xiangyang Coal Mine, however, is still in the stage of suspension.
(Hong Kong Economic Journal 19)
China Longyuan Power Group Corporation Ltd. (916 HK) announced that for the first half of 2011, its net profit increased by 66.5 percent year-on-year to RMB1, 412 million. No dividend was announced. (SingTao Daily B4)
China National Building Material Company (3323 HK) announced for the first half of 2011, its net profit grew 237 percnet to RMB3,606 million, with basis earnings per share were RMB0.67. The company did not announce the payment of interim dividend. The company plans to take the advantages of favorable opportunities such as policies of restrictions on new capacity and the phase-out of obsolete capacity to sizable enterprises in the second half of 2011. (SingTao Daily B2)
China Oilfield Services’ (2883 HK) revenue fell 6.75pc to RMB8,139.2 million and profit fell 4.74pc to RMB2,074.5 million. Basic EPS was RMB46.08 cents. (Hong Kong Economic Times A9)
For the period ended June 30, 2011, the net profit of China Resources Gas Group (1193 HK) amounted to HK$555 million, representing an increase of 82 percent over the same period last year. The gas sales volume grew by 45 percent to 3,362 million m³ and the number of connected households was 9.3 million, up 45 percent. (SingTao Daily B4)
Fantasia Holdings Group (1777 HK) announced that its net profit for the first half of 2011 amounted to RMB502 million, up 22.1 percent year-on-year. The net profit contributed by core business (excluding revenue contributed by investment properties) was RMB441 million, up 44.3 percent. (SingTao Daily B5)
Loudong General Nice Resources (China) (988 HK) says it is expected to register a jump in its net profit attributable to owners for the 6 months ended 30 June 2011 as compared with that for the same period in 2010. (Hong Kong Economic Journal 19)
Owing to an increase in costs, Want Want China Holdings (151 HK) saw its profit attributable to equity holders increase by merely 3.6% to US$167.0 million despite a rise of 27.6% in revenue. An interim dividend of US0.6 cents a share was declared. (Hong Kong Economic Times A9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Cathay Pacific Airways (293 HK) announced yesterday that it would issue US$2,000,000,000 medium term notes via HSBC. Details have not been announced yet. (Hong Kong Economic Journal 4)
China CBM Group (578 HK) has received notification from Jinfeng that it has got the nod from the relevant government authority for resumption in operation of Xiaohe Coal Mine No.3. The operation of Xiaohe Coal Mine No.3 can be resumed instantly. Xiangyang Coal Mine, however, is still in the stage of suspension.
(Hong Kong Economic Journal 19)
China Longyuan Power Group Corporation Ltd. (916 HK) announced that for the first half of 2011, its net profit increased by 66.5 percent year-on-year to RMB1, 412 million. No dividend was announced. (SingTao Daily B4)
China National Building Material Company (3323 HK) announced for the first half of 2011, its net profit grew 237 percnet to RMB3,606 million, with basis earnings per share were RMB0.67. The company did not announce the payment of interim dividend. The company plans to take the advantages of favorable opportunities such as policies of restrictions on new capacity and the phase-out of obsolete capacity to sizable enterprises in the second half of 2011. (SingTao Daily B2)
China Oilfield Services’ (2883 HK) revenue fell 6.75pc to RMB8,139.2 million and profit fell 4.74pc to RMB2,074.5 million. Basic EPS was RMB46.08 cents. (Hong Kong Economic Times A9)
For the period ended June 30, 2011, the net profit of China Resources Gas Group (1193 HK) amounted to HK$555 million, representing an increase of 82 percent over the same period last year. The gas sales volume grew by 45 percent to 3,362 million m³ and the number of connected households was 9.3 million, up 45 percent. (SingTao Daily B4)
Fantasia Holdings Group (1777 HK) announced that its net profit for the first half of 2011 amounted to RMB502 million, up 22.1 percent year-on-year. The net profit contributed by core business (excluding revenue contributed by investment properties) was RMB441 million, up 44.3 percent. (SingTao Daily B5)
Loudong General Nice Resources (China) (988 HK) says it is expected to register a jump in its net profit attributable to owners for the 6 months ended 30 June 2011 as compared with that for the same period in 2010. (Hong Kong Economic Journal 19)
Owing to an increase in costs, Want Want China Holdings (151 HK) saw its profit attributable to equity holders increase by merely 3.6% to US$167.0 million despite a rise of 27.6% in revenue. An interim dividend of US0.6 cents a share was declared. (Hong Kong Economic Times A9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Tuesday, August 23, 2011
Hong Kong Stock Market Wrap Aug. 22nd, 2011
Angang Steel Company (347 HK) registered a profit attributable to owners of RMB236 million for the 6 months ended 30 June 2011, dropping 91.47%, with EPS of RMB0.033. The Company did not declare any interim dividend. (Hong Kong Economic Journal 9)
BYD Company (1211 HK) estimated that its net profit will go down 85-95 percent to RMB 122 million-RMB365 million during the period from January to September in 2011. The company may record profit losses for the third quarter this year based on estimation. (SingTao Daily B4)
For the first half of 2011, China Lilang (1234 HK) reported RMB228 million, up 63.1 percent, net profit for the first half of 2011, which was mainly attributable to the rising average selling price and the sales of more high value-added products. The company announced an interim and special dividend of HK16 cents per share. (SingTao Daily B3)
China Resources Power (836 HK) announced that for the six months ended June 30, 2011, its turnover increased by 37 percent year-on-year to HK$29.03 billion. Its net profit was HK$2,484 million, rising 1 percent year-on-year after fuel and operating costs surged during the period. The company announced an interim dividend of HK6 cents per share. (SingTao Daily B5)
China Shenhua Energy (1088 HK) announces that July commercial coal production rose 26.2% yoy to 23.1 million tonnes. Coal sales increased by 26.5% yoy to 32 million tonnes. (Hong Kong Economic Times A12)
Geely Automobile (175 HK) announced that for the first half of 2011, its net profit increased by 16.5 percent to RMB940 million. The basic earnings per share were RMB12.59 cents. No interim dividend was announced.
(SingTao Daily B4)
Hong Kong Ferry (Holdings)’s (50 HK) 1H net profit amounted to HK$213 million, declining 12.4pc yoy. It resolved to pay an interim dividend of HK10 cents a share. (Hong Kong Economic Times A12)
Owing to a rise in investment for business expansion, Little Sheep Group’s (968 HK) interim profit attributable to shareholders fell 19.6% to RMB30.6 million. Revenue rose 14.7% to RMB804.5 million, with same-store sales gaining by 6.9%. (Hong Kong Economic Times A12)
Shenguan Holdings (829 HK) achieved a profit attributable to owners of RMB305.2 million in 1H, surging 37.3%. The company declared the payment of an interim dividend of HK4.3 cents a share. (Hong Kong Economic Journal 22)
For the first half of 2011, Yanzhou Coal Mining Company (1171 HK) reported RMB5.18 billion, up over 90 percent, net profit. Its cost of coal sales went up 12.68 percent compared with the same period last year, 10 percent higher than expected. The company aims to maintain around 10 percent-rise in expenses for the year. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
BYD Company (1211 HK) estimated that its net profit will go down 85-95 percent to RMB 122 million-RMB365 million during the period from January to September in 2011. The company may record profit losses for the third quarter this year based on estimation. (SingTao Daily B4)
For the first half of 2011, China Lilang (1234 HK) reported RMB228 million, up 63.1 percent, net profit for the first half of 2011, which was mainly attributable to the rising average selling price and the sales of more high value-added products. The company announced an interim and special dividend of HK16 cents per share. (SingTao Daily B3)
China Resources Power (836 HK) announced that for the six months ended June 30, 2011, its turnover increased by 37 percent year-on-year to HK$29.03 billion. Its net profit was HK$2,484 million, rising 1 percent year-on-year after fuel and operating costs surged during the period. The company announced an interim dividend of HK6 cents per share. (SingTao Daily B5)
China Shenhua Energy (1088 HK) announces that July commercial coal production rose 26.2% yoy to 23.1 million tonnes. Coal sales increased by 26.5% yoy to 32 million tonnes. (Hong Kong Economic Times A12)
Geely Automobile (175 HK) announced that for the first half of 2011, its net profit increased by 16.5 percent to RMB940 million. The basic earnings per share were RMB12.59 cents. No interim dividend was announced.
(SingTao Daily B4)
Hong Kong Ferry (Holdings)’s (50 HK) 1H net profit amounted to HK$213 million, declining 12.4pc yoy. It resolved to pay an interim dividend of HK10 cents a share. (Hong Kong Economic Times A12)
Owing to a rise in investment for business expansion, Little Sheep Group’s (968 HK) interim profit attributable to shareholders fell 19.6% to RMB30.6 million. Revenue rose 14.7% to RMB804.5 million, with same-store sales gaining by 6.9%. (Hong Kong Economic Times A12)
Shenguan Holdings (829 HK) achieved a profit attributable to owners of RMB305.2 million in 1H, surging 37.3%. The company declared the payment of an interim dividend of HK4.3 cents a share. (Hong Kong Economic Journal 22)
For the first half of 2011, Yanzhou Coal Mining Company (1171 HK) reported RMB5.18 billion, up over 90 percent, net profit. Its cost of coal sales went up 12.68 percent compared with the same period last year, 10 percent higher than expected. The company aims to maintain around 10 percent-rise in expenses for the year. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Monday, August 22, 2011
Hong Kong Stock Market Wrap Aug. 19th, 2011
China Resources Land (1109 HK) announces a rights issue on the basis of 1 offer share for every 13 existing shares held at a price of HK$12.7756 per offer share to raise around 1.82 billion. (Hong Kong Economic Journal 17)
Rosedale Hotel (1189 HK) says its interim results is expected to sink into the red as there was no similar non-recurring gain on disposal recorded in the 1H like in the same period last year. However, the amount of loss from its continuing operations has reduced. (SingTao Daily B3)
SIM Technology Group (2000 HK) incurred a loss of HK$18.75 million as compared to the profit of HK$108 million in 2010. Revenue dropped off by 37% to HK$1,200 million. It declared an interim dividend of HK1.0 cent a share. (Hong Kong Economic Times A11)
Solargiga Energy (757 HK) has agreed to issue RMB300,000,000 4.75% bonds due in 2014. The gross proceeds are currently intended to be used for general corporate purposes. (SingTao Daily B3)
Tianneng Power International (819 HK) announces that its subsidiary Tianneng Battery (Wuhu) have met relevant remediation requirement for resuming production and thus it will resume production from today. (Hong Kong Economic Journal 17)
Besunyen Holdings Company Ltd. (926 HK) announced that for the six months ended June 30, 2011, the company’s profit and total comprehensive income was RMB113 million, up 4.37x. The basic earnings per share were RMB0.07. The company announced the payment of an interim dividend of HK0.02 per share. (SingTao Daily B16)
China Construction Bank (CCB) (939 HK) announced that for the first half of 2011, its profit attributable to the owners of the bank amounted to RMB92, 825 million, up 31.22 percent. The earnings per share were RMB0.37. This good result was mainly due to the stable improvement in its net interest margin and strong performance of non-interest businesses. (SingTao Daily B17)
China Life Insurance Company Ltd. (2628 HK) is planning to issue up to RMB30 billion worth of subordinated bonds. The bonds will have a maturity of ten years and the issuer will have redemption right at the end of fifth year. (Hong Kong Economic Journal P6)
China Molybdenum Co., Ltd. (3993 HK) recorded a net profit, increasing by 40.2 percent year-on-year, of RMB586 million for the first half of 2011. No interim dividend was announced. (Hong Kong Economic Times A13)
Kingworld Medicines Group (1110 HK) announced for the first half of 2011, its profit increased by 85.1 percent to RMB19.65 million. No dividend was announced. (SingTao Daily B16)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Rosedale Hotel (1189 HK) says its interim results is expected to sink into the red as there was no similar non-recurring gain on disposal recorded in the 1H like in the same period last year. However, the amount of loss from its continuing operations has reduced. (SingTao Daily B3)
SIM Technology Group (2000 HK) incurred a loss of HK$18.75 million as compared to the profit of HK$108 million in 2010. Revenue dropped off by 37% to HK$1,200 million. It declared an interim dividend of HK1.0 cent a share. (Hong Kong Economic Times A11)
Solargiga Energy (757 HK) has agreed to issue RMB300,000,000 4.75% bonds due in 2014. The gross proceeds are currently intended to be used for general corporate purposes. (SingTao Daily B3)
Tianneng Power International (819 HK) announces that its subsidiary Tianneng Battery (Wuhu) have met relevant remediation requirement for resuming production and thus it will resume production from today. (Hong Kong Economic Journal 17)
Besunyen Holdings Company Ltd. (926 HK) announced that for the six months ended June 30, 2011, the company’s profit and total comprehensive income was RMB113 million, up 4.37x. The basic earnings per share were RMB0.07. The company announced the payment of an interim dividend of HK0.02 per share. (SingTao Daily B16)
China Construction Bank (CCB) (939 HK) announced that for the first half of 2011, its profit attributable to the owners of the bank amounted to RMB92, 825 million, up 31.22 percent. The earnings per share were RMB0.37. This good result was mainly due to the stable improvement in its net interest margin and strong performance of non-interest businesses. (SingTao Daily B17)
China Life Insurance Company Ltd. (2628 HK) is planning to issue up to RMB30 billion worth of subordinated bonds. The bonds will have a maturity of ten years and the issuer will have redemption right at the end of fifth year. (Hong Kong Economic Journal P6)
China Molybdenum Co., Ltd. (3993 HK) recorded a net profit, increasing by 40.2 percent year-on-year, of RMB586 million for the first half of 2011. No interim dividend was announced. (Hong Kong Economic Times A13)
Kingworld Medicines Group (1110 HK) announced for the first half of 2011, its profit increased by 85.1 percent to RMB19.65 million. No dividend was announced. (SingTao Daily B16)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Friday, August 19, 2011
Hong Kong Stock Market Wrap Aug. 18th, 2011
China HealthCare (673 HK) announces that SHINEWING (HK) CPA tendered its resignation as auditors as it had not received certain information necessary for them to finish their audit procedures from the Group within an agreed timeframe. The company resolved to appoint Zenith CPA to fill the casual vacancy. (SingTao Daily B4)
China Huiyuan Juice Group (1886 HK) announced that for the first half of 2011, its net profit amounted to RMB149 million. No interim dividend was announced. (Hong Kong Economic Times A9)
China Resources (291 HK) Snow Breweries, a JV set up by China Resources Enterprise and SABMiller PLC, along with China Kweichow Moutai Distillery Co. Ltd, agreed to increase their holdings in Guizhou Moutai Beer. China Resources Snow Breweries will spend around RMB270 mln for the acquisition of 70 percent of shares in Guizhou Moutai Beer. (Hong Kong Economic Journal P6)
China Travel International Investment (308 HK) Hong Kong’s profit attributable to shareholders amounted to HK$349 million, a yoy jump of 434%. Basic EPS was HK6.13 cents. An interim dividend of HK2 cents a share was proposed. (SingTao Daily B5)
Chow Sang Sang (116 HK) announced that for the first half of 2011, its net profit went up by 67 percent year-on-year to HK$496 million. The company declared a payment of interim dividend of HK11 cents per share. (Hong Kong Economic Times A9)
HKC (Holdings) (190 HK) sells HKC Shenyang to Peace Investment at a cash consideration of HK$151,873,717. HKC Shenyang was indebted to the company for a sum of HK$500,421,802. Pursuant to the terms of the agreement, the purchaser has undertaken to procure HKC Shenyang to repay such loan to HKC (HK). (SingTao Daily B4)
NewOcean Energy Holdings Ltd. (342 HK) expects that relevant new energy acquisitions will be completed at the end of 2011. The company will formally start the sale and distribution of liquefied petroleum gas (LPG) and sale of electronic products in early 2012. The auto gas business is anticipated to generate additional LPG sales of about 250,000 tons per annum and produce a much higher gross profit margin. (Hong Kong Economic Times A9)
Techtronic Industries (669 HK) posted US$80.26 million in half-year net profit attributable to shareholders, a 72.8% yoy rise. EPS was US5.00 cents. It declared an interim dividend of about US0.64 cent a share. (SingTao Daily B3)
Transport International Holdings Ltd. (62 HK) announced that for the six months ended June 30, 2011, its profit attributable to the shareholders decreased by 90 percent year-on-year to HK$64.3 million. The company declared an interim dividend of HK$0.15 per share. (Hong Kong Economic Times A9)
West China Cement (2233 HK) saw its profit attributable to the owners go up 15.5% to RMB418.0 million. EPS amounted to RMB0.10. It declared an interim dividend of RMB0.02 per share. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China Huiyuan Juice Group (1886 HK) announced that for the first half of 2011, its net profit amounted to RMB149 million. No interim dividend was announced. (Hong Kong Economic Times A9)
China Resources (291 HK) Snow Breweries, a JV set up by China Resources Enterprise and SABMiller PLC, along with China Kweichow Moutai Distillery Co. Ltd, agreed to increase their holdings in Guizhou Moutai Beer. China Resources Snow Breweries will spend around RMB270 mln for the acquisition of 70 percent of shares in Guizhou Moutai Beer. (Hong Kong Economic Journal P6)
China Travel International Investment (308 HK) Hong Kong’s profit attributable to shareholders amounted to HK$349 million, a yoy jump of 434%. Basic EPS was HK6.13 cents. An interim dividend of HK2 cents a share was proposed. (SingTao Daily B5)
Chow Sang Sang (116 HK) announced that for the first half of 2011, its net profit went up by 67 percent year-on-year to HK$496 million. The company declared a payment of interim dividend of HK11 cents per share. (Hong Kong Economic Times A9)
HKC (Holdings) (190 HK) sells HKC Shenyang to Peace Investment at a cash consideration of HK$151,873,717. HKC Shenyang was indebted to the company for a sum of HK$500,421,802. Pursuant to the terms of the agreement, the purchaser has undertaken to procure HKC Shenyang to repay such loan to HKC (HK). (SingTao Daily B4)
NewOcean Energy Holdings Ltd. (342 HK) expects that relevant new energy acquisitions will be completed at the end of 2011. The company will formally start the sale and distribution of liquefied petroleum gas (LPG) and sale of electronic products in early 2012. The auto gas business is anticipated to generate additional LPG sales of about 250,000 tons per annum and produce a much higher gross profit margin. (Hong Kong Economic Times A9)
Techtronic Industries (669 HK) posted US$80.26 million in half-year net profit attributable to shareholders, a 72.8% yoy rise. EPS was US5.00 cents. It declared an interim dividend of about US0.64 cent a share. (SingTao Daily B3)
Transport International Holdings Ltd. (62 HK) announced that for the six months ended June 30, 2011, its profit attributable to the shareholders decreased by 90 percent year-on-year to HK$64.3 million. The company declared an interim dividend of HK$0.15 per share. (Hong Kong Economic Times A9)
West China Cement (2233 HK) saw its profit attributable to the owners go up 15.5% to RMB418.0 million. EPS amounted to RMB0.10. It declared an interim dividend of RMB0.02 per share. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Thursday, August 18, 2011
Hong Kong Stock Market Wrap Aug. 17th, 2011
Asia Cement (China) (743 HK) announced that its net profit for the first half of 2011 amounted to HK$639 million, representing an increase of 3.55 times year-on-year. No interim dividend was announced. (Hong Kong Economic Times A15)
Best Miracle International (8272 HK) has entered into a MOU. It may acquire equity interest in Taiyuan Hanbo, a Chinese company principally engaged in the production, processing and sales of traditional Chinese food products made from natural fruits such as jujube and hawthorn fruit. (SingTao Daily B4)
Chinese Estates Holdings Ltd. (127 HK) announced that its interim net profit for the first six months in 2011 was HK$4.55 billion, compared with the net profit of HK$3.87 billion for the corresponding period in last year. (Hong Kong Economic Times A15)
Convoy Financial Services (1019 HK) says it is expected to register a rise in 1H net profit owing to an increase in brokerage commission income derived from sale of Investment-linked Assurance Schemes products. (SingTao Daily B5)
Dah Chong Hong (1828 HK) announced that due to the increase in profit of automobile business, the company ‘s net profit for the first half of 2011 amounted to HK$800 million, up 63.5 percent year-on-year. The company declared interim dividend increased by 33.9 percent to 14.30 HK cents per share. (Hong Kong Economic Times A15)
Geely Automobile (175 HK) has entered into an agreement with Manganese Bronze, manufacturer of London taxies, in relation to a potential distribution in the UK of its vehicles and spare parts, and the provision of after-sales service until 1 August next year. (SingTao Daily B4)
Get Nice (64 HK) proposes to issue Taiwan depositary receipts. The proposal is subject to the approval by the Taiwan Stock Exchange and other relevant authorities. (SingTao Daily B4)
Ping An Insurance Company (2318 HK) agreed to subscribe for a shareholding of not more than 18.85 percent of the enlarged issued share capital of Shenzhen Development Bank (SDB) for a cash consideration of not more than RMB 20 billion. (Hong Kong Economic Journal P7)
Quam (952 HK) proposes to raise HK$59.7 million by way of rights issue at a subscription price of HK$0.25 a rights share on the basis of 1 rights share for every 4 existing shares in issue. (SingTao Daily B4)
TCC International Holdings Ltd. (1136 HK) announced that its profit attributable to its owners increased by 7x to HK$909 million for the six months ended June 30, 2011. The basic earnings per share were HK27.6 cents. The company declared the payment of an interim dividend of HK2.5 cents per share. (Hong Kong Economic Times A15)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Best Miracle International (8272 HK) has entered into a MOU. It may acquire equity interest in Taiyuan Hanbo, a Chinese company principally engaged in the production, processing and sales of traditional Chinese food products made from natural fruits such as jujube and hawthorn fruit. (SingTao Daily B4)
Chinese Estates Holdings Ltd. (127 HK) announced that its interim net profit for the first six months in 2011 was HK$4.55 billion, compared with the net profit of HK$3.87 billion for the corresponding period in last year. (Hong Kong Economic Times A15)
Convoy Financial Services (1019 HK) says it is expected to register a rise in 1H net profit owing to an increase in brokerage commission income derived from sale of Investment-linked Assurance Schemes products. (SingTao Daily B5)
Dah Chong Hong (1828 HK) announced that due to the increase in profit of automobile business, the company ‘s net profit for the first half of 2011 amounted to HK$800 million, up 63.5 percent year-on-year. The company declared interim dividend increased by 33.9 percent to 14.30 HK cents per share. (Hong Kong Economic Times A15)
Geely Automobile (175 HK) has entered into an agreement with Manganese Bronze, manufacturer of London taxies, in relation to a potential distribution in the UK of its vehicles and spare parts, and the provision of after-sales service until 1 August next year. (SingTao Daily B4)
Get Nice (64 HK) proposes to issue Taiwan depositary receipts. The proposal is subject to the approval by the Taiwan Stock Exchange and other relevant authorities. (SingTao Daily B4)
Ping An Insurance Company (2318 HK) agreed to subscribe for a shareholding of not more than 18.85 percent of the enlarged issued share capital of Shenzhen Development Bank (SDB) for a cash consideration of not more than RMB 20 billion. (Hong Kong Economic Journal P7)
Quam (952 HK) proposes to raise HK$59.7 million by way of rights issue at a subscription price of HK$0.25 a rights share on the basis of 1 rights share for every 4 existing shares in issue. (SingTao Daily B4)
TCC International Holdings Ltd. (1136 HK) announced that its profit attributable to its owners increased by 7x to HK$909 million for the six months ended June 30, 2011. The basic earnings per share were HK27.6 cents. The company declared the payment of an interim dividend of HK2.5 cents per share. (Hong Kong Economic Times A15)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Wednesday, August 17, 2011
Hong Kong Stock Market Wrap Aug. 16th, 2011
China Minsheng Bank (1988 HK) announced its first half-year net profit amounted to RMB13,918 million, up 48.77 pc year-on-year. The earnings per share was RMB0.52, up 57.58 percent year-on-year. (Hong Kong Economic Journal P11)
China Wireless Technologies (2369 HK) recorded interim net profit of HK$119.0 million, down 56.3% yoy. The company declared interim dividend of HK$0.01 per share. Gross profit decreased to HK$507.8 million, a yoy decrease of 18.2%. (SingTao Daily B5)
For the six months ended June 30 2011, Golden Eagle Retail Group’s (3308 HK) profit attributable to owners of the company was RMB612.2 million, representing a year-on-year increase of 32.5 percent. No dividend was announced. (Hong Kong Economic Times A9)
Haier Electronics (1169 HK) says its consolidated revenue and profits attributable to owners for the six months ended 30 June 2011 are expected to show considerable increases over the comparable period ended 30 June 2010. (SingTao Daily B5)
Hopefluent Group (733 HK) announced the interim results for the first half of 2011. Its profit attributable to the shareholders of the company was RMB75, 535 million, up 26.8 percent with earnings per share of HK16.48 cents. The company announced an interim dividend of HK3.5 cents per share. (Hong Kong Economic Times A9)
Road King Infrastructure (1098 HK) announced that for the first six months in 2011, its net profit increased by 36.9 percent to HK$363 million. An interim dividend of HK$0.22 per share was declared. (Hong Kong Economic Journal P11)
Shenzhen International (152 HK) registered 1H profit attributable to shareholders of HK$954 million, an increase of 34% yoy. The company resolved not to declare an interim dividend. (SingTao Daily B5)
Singamas Container (716 HK) announced for the six months ended June 30 2011, its net profit amounted to US$101 million, increasing 899.8 percent year-on-year. An interim dividend of HK9 cents per share was declared. (Hong Kong Economic Journal P8)
Value Partners Group’s (806 HK) interim net profit soared 1.2x yoy to 199 million. It did not recommend the payment of an interim dividend. Revenue reached HK$385.4 million, an 86.2% yoy increase. (SingTao Daily B5)
Xtep International’s (1368 HK) total revenue was RMB2,570.3 million, a rise of about 26.0% over the same period last year. Profit attributable to equity holders amounted to approximately RMB466.2 million, up 24.8% yoy. Itdeclared an interim dividend of HK13.0 cents a share. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China Wireless Technologies (2369 HK) recorded interim net profit of HK$119.0 million, down 56.3% yoy. The company declared interim dividend of HK$0.01 per share. Gross profit decreased to HK$507.8 million, a yoy decrease of 18.2%. (SingTao Daily B5)
For the six months ended June 30 2011, Golden Eagle Retail Group’s (3308 HK) profit attributable to owners of the company was RMB612.2 million, representing a year-on-year increase of 32.5 percent. No dividend was announced. (Hong Kong Economic Times A9)
Haier Electronics (1169 HK) says its consolidated revenue and profits attributable to owners for the six months ended 30 June 2011 are expected to show considerable increases over the comparable period ended 30 June 2010. (SingTao Daily B5)
Hopefluent Group (733 HK) announced the interim results for the first half of 2011. Its profit attributable to the shareholders of the company was RMB75, 535 million, up 26.8 percent with earnings per share of HK16.48 cents. The company announced an interim dividend of HK3.5 cents per share. (Hong Kong Economic Times A9)
Road King Infrastructure (1098 HK) announced that for the first six months in 2011, its net profit increased by 36.9 percent to HK$363 million. An interim dividend of HK$0.22 per share was declared. (Hong Kong Economic Journal P11)
Shenzhen International (152 HK) registered 1H profit attributable to shareholders of HK$954 million, an increase of 34% yoy. The company resolved not to declare an interim dividend. (SingTao Daily B5)
Singamas Container (716 HK) announced for the six months ended June 30 2011, its net profit amounted to US$101 million, increasing 899.8 percent year-on-year. An interim dividend of HK9 cents per share was declared. (Hong Kong Economic Journal P8)
Value Partners Group’s (806 HK) interim net profit soared 1.2x yoy to 199 million. It did not recommend the payment of an interim dividend. Revenue reached HK$385.4 million, an 86.2% yoy increase. (SingTao Daily B5)
Xtep International’s (1368 HK) total revenue was RMB2,570.3 million, a rise of about 26.0% over the same period last year. Profit attributable to equity holders amounted to approximately RMB466.2 million, up 24.8% yoy. Itdeclared an interim dividend of HK13.0 cents a share. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Tuesday, August 16, 2011
Hong Kong Stock Market Wrap Aug. 15th, 2011
Anhui Conch Cement (914 HK) recorded 1H net profit of RMB 5.994 billion, surging over 2.33x yoy, on a jump in cement prices and sales. EPS amounted to RMB1.13. (SingTao Daily B3)
City Telecom (HK) Ltd. (1137 HK) plans to invest approximately HK$600 million into the construction of a multimedia production and distribution center located at Tseung Kwan O Town, Hong Kong over the next three years. This new center will facilitate the production and distribution of entertainment programmes for video sites and TV stations in Mainland China. (Hong Kong Economic Times A10)
Dongyue Group (189 HK) announced that its first half-year net profit in 2011 increased by 4.2x year-on-year to RMB1, 416 million. No interim dividend was announced. (Hong Kong Economic Times A10)
Evergrande Real Estate Group (3333 HK) announced that the unaudited consolidated net profit is expected to record a significant increase for the first half of 2011. This is mainly attributable to increase in the company’s total gross floor area delivered to buyers and in the gross profit of properties delivered during the period. (Hong Kong Economic Journal P9)
Harbour Centre Development’s (51 HK) 1H profit rose 39pc to 378.4 million and EPS was 0.53. An interim dividend of 0.06 a share was declared. (SingTao Daily B4)
Longfor Properties (960 HK) recorded interim net profit of RMB2.52 billion, a yoy rise of 14.5pc. No dividend was declared. Shares rose 2.6pc yesterday. (SingTao Daily B4)
MIE Holdings (1555 HK) registered interim profit of RMB 303 million, up 27.4pc yoy, with EPS of RMB 0.12. No dividend was declared. (SingTao Daily B4)
Yang resigned as Chief Operating Officer of Semiconductor Manufacturing International (981 HK) announced that Dr. Simon Yang has resigned as Chief Operating Officer of the Company with effect from 5 September 2011. The company has taken steps to look for a person for the appointment of Chief Operating Officer. (Hong Kong Economic Journal P9)
Shanghai Pharmaceuticals Holdings Co., Ltd. (2607 HK) announced that for the six months ended 30 June 2011, its net profit amounted to RMB1, 303 million, up 65.69 percent. No interim dividend was announced. (Hong Kong Economic Journal P10)
Shenzhou International (2313 HK) saw net profit advance 30pc yoy to RMB 856million in 1H. EPS amounted to RMB 0.69. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
City Telecom (HK) Ltd. (1137 HK) plans to invest approximately HK$600 million into the construction of a multimedia production and distribution center located at Tseung Kwan O Town, Hong Kong over the next three years. This new center will facilitate the production and distribution of entertainment programmes for video sites and TV stations in Mainland China. (Hong Kong Economic Times A10)
Dongyue Group (189 HK) announced that its first half-year net profit in 2011 increased by 4.2x year-on-year to RMB1, 416 million. No interim dividend was announced. (Hong Kong Economic Times A10)
Evergrande Real Estate Group (3333 HK) announced that the unaudited consolidated net profit is expected to record a significant increase for the first half of 2011. This is mainly attributable to increase in the company’s total gross floor area delivered to buyers and in the gross profit of properties delivered during the period. (Hong Kong Economic Journal P9)
Harbour Centre Development’s (51 HK) 1H profit rose 39pc to 378.4 million and EPS was 0.53. An interim dividend of 0.06 a share was declared. (SingTao Daily B4)
Longfor Properties (960 HK) recorded interim net profit of RMB2.52 billion, a yoy rise of 14.5pc. No dividend was declared. Shares rose 2.6pc yesterday. (SingTao Daily B4)
MIE Holdings (1555 HK) registered interim profit of RMB 303 million, up 27.4pc yoy, with EPS of RMB 0.12. No dividend was declared. (SingTao Daily B4)
Yang resigned as Chief Operating Officer of Semiconductor Manufacturing International (981 HK) announced that Dr. Simon Yang has resigned as Chief Operating Officer of the Company with effect from 5 September 2011. The company has taken steps to look for a person for the appointment of Chief Operating Officer. (Hong Kong Economic Journal P9)
Shanghai Pharmaceuticals Holdings Co., Ltd. (2607 HK) announced that for the six months ended 30 June 2011, its net profit amounted to RMB1, 303 million, up 65.69 percent. No interim dividend was announced. (Hong Kong Economic Journal P10)
Shenzhou International (2313 HK) saw net profit advance 30pc yoy to RMB 856million in 1H. EPS amounted to RMB 0.69. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Monday, August 15, 2011
Hong Kong Stock Market Wrap Aug. 12th, 2011
Ajisen (China) (538 HK) has applied for the resumption of trading on Monday this week. The company also provided the supply chain and production process of the pig-bone soup and pointed out that ceasing to use the additive, commonly used in noodle products as a sweetener, did not pose any material adverse effect on the quality of the noodle products of the company. (SingTao Daily B12)
Chongqing Rural Commercial Bank (3618 HK) announced its 2011 first half-year net profit went up 35 percent to RMB2,238 million. No dividend was announced. (Hong Kong Economic Times A9)
Northeast Electric Development Co., (42 HK) Ltd announced the net profit for the first half of 2011 amounted to RMB19.5 million, up 34.38x. No interim dividend was announced. (SingTao Daily B12)
PICC P&C (2328 HK) announced its 2011 first half-year net profit increased by 97 percent to RMB5,288 million. An interim dividend of RMB0.225 per share was declared. (Hong Kong Economic Journal P4)
SEEC Media Group (205 HK) expects its 2011 first interim results to record profit, as compared to a loss for the corresponding period in last year. This expected profit is mainly due to economic recovery. (SingTao Daily B12)
ChinaVision Media Group (1060 HK) expects a loss for the 6 months ended 30 June 2011 as compared to a profit for the same period last year. (Hong Kong Economic Journal 19)
First Tractor Company (38 HK) recorded interim profit attributable to equity holders of RMB271,236,000, a yoy rise of 1.6%. Consolidated gross profit margin was 12.8%, a yoy drop of 1.9 percentage points. The company does not recommend payment of interim dividend. (Hong Kong Economic Times A12)
Min Xin Holdings (222 HK) decided to sell 5% of the equity interest in Xiamen International Bank to Fujian Provincial Communication Transportation Group for a consideration of at least RMB321 million. Xiamen International Bank is considering an issue of new shares, which, if implemented, may result in a dilution of Min Xin’s shareholding in the bank to under 20%. (SingTao Daily B12)
Shengli Oil & Gas Pipe (1080 HK) saw its half-year net profit plunge 82.3pc to RMB12.23 million. EPS amounted to RMB0.49 cents. The company does not recommend the payment of the interim dividend. (Hong Kong Economic Journal 19)
Zhaojin Mining Industry (1818 HK) posted half-year net profit of about RMB720,129,000, up approximately 28.32%. EPS was RMB0.25. It does not recommend payment of interim dividend. (Hong Kong Economic Journal 19)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Chongqing Rural Commercial Bank (3618 HK) announced its 2011 first half-year net profit went up 35 percent to RMB2,238 million. No dividend was announced. (Hong Kong Economic Times A9)
Northeast Electric Development Co., (42 HK) Ltd announced the net profit for the first half of 2011 amounted to RMB19.5 million, up 34.38x. No interim dividend was announced. (SingTao Daily B12)
PICC P&C (2328 HK) announced its 2011 first half-year net profit increased by 97 percent to RMB5,288 million. An interim dividend of RMB0.225 per share was declared. (Hong Kong Economic Journal P4)
SEEC Media Group (205 HK) expects its 2011 first interim results to record profit, as compared to a loss for the corresponding period in last year. This expected profit is mainly due to economic recovery. (SingTao Daily B12)
ChinaVision Media Group (1060 HK) expects a loss for the 6 months ended 30 June 2011 as compared to a profit for the same period last year. (Hong Kong Economic Journal 19)
First Tractor Company (38 HK) recorded interim profit attributable to equity holders of RMB271,236,000, a yoy rise of 1.6%. Consolidated gross profit margin was 12.8%, a yoy drop of 1.9 percentage points. The company does not recommend payment of interim dividend. (Hong Kong Economic Times A12)
Min Xin Holdings (222 HK) decided to sell 5% of the equity interest in Xiamen International Bank to Fujian Provincial Communication Transportation Group for a consideration of at least RMB321 million. Xiamen International Bank is considering an issue of new shares, which, if implemented, may result in a dilution of Min Xin’s shareholding in the bank to under 20%. (SingTao Daily B12)
Shengli Oil & Gas Pipe (1080 HK) saw its half-year net profit plunge 82.3pc to RMB12.23 million. EPS amounted to RMB0.49 cents. The company does not recommend the payment of the interim dividend. (Hong Kong Economic Journal 19)
Zhaojin Mining Industry (1818 HK) posted half-year net profit of about RMB720,129,000, up approximately 28.32%. EPS was RMB0.25. It does not recommend payment of interim dividend. (Hong Kong Economic Journal 19)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Friday, August 12, 2011
Hong Kong Stock Market Wrap Aug. 11th, 2011
Besunyen Holdings (926 HK) says its profit for the 6 months ended 30 June is expected to jump as compared to that for the same period a year ago, principally helped by its strong operating performance. (Hong Kong Economic Times A10)
Champion Real Estate Investment Trust (2778 HK) announces that its distributable income for the 6 months ended 30 June was HK$569 million, down 0.9% yoy. DPU will be HK$0.1048, dipping 2.6%, representing an annualized distribution yield of 4.8%. Net assets attributable to unitholders amounted to HK$7.42 a unit. (Hong Kong Economic Journal 9)
China SCE Property (1966 HK) announced the contract sales in July 2011 increased by 42 percent year-on-year to RMB370 million. The total contract sales area was approximately 35726 square meters, or up 32 percent year-on-year.(SingTao Daily B2)
Champion Real Estate Investment Trust (Champion REIT) (2778) of Eagle Asset Management (CP) Limited (41 HK) announced that for the first half of 2011, its total revenue was HK$950 million, down 0.9 percent. The distributable income was HK$569 million, dropping 0.9 percent year-on-year. The distribution per unit for the period was HK$0.1048, down 2.6 percent from the same period a year ago. (SingTao Daily B2)
Geely Automobile’s (175 HK) July total sales volume amounted to 21,828 units, up 0.7% yoy, down 26.4% qoq. The total sales volume in the first seven months reached 235,209 units, 49.0% of the full year sales volume target. (Hong Kong Economic Times A10)
HSBC Holdings PLC (5 HK), through its wholly owned subsidiaries HSBC Argentina Holdings S.A. and HSBC Participaciones (Argentina) S.A., agreed to acquire the remaining minority interest in three JVs with New York Life Enterprises LLC for a total consideration of US$15 million. The transaction is expected to be completed in the third quarter of 2011. (SingTao Daily B2)
Shun Tak Holdings (242 HK) announces that its non-wholly owned subsidiary Shun Tak-China Travel Shipping Investments has gotten into an agreement with New World First Holdings to purchase the entire issued share capital of New World First Ferry Services (Macau) and New Ferry – Transporte Maritimo de Passageiros (Macau) as well as the shareholder’s loan advanced to New World First Ferry Services (Macau), for a consideration of HK$350 million. (Hong Kong Economic Journal 9)
SITC International (1308 HK) recorded a profit of US$51.5 million for the 6 months ended 30 June. The company did not recommend the payment of an interim dividend. (Hong Kong Economic Times A10)
Wing Hang Bank (302 HK) announced its interim net profit increased by 54.4 percent to HK$1.18 billion for the six months ended June 30, 2011. An interim dividend of HK 46 cents per share was also announced. (SingTao Daily B2)
(0763) ZTE CORPORATION HALF-YEAR NET PROFIT DOWN 12.4%
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Champion Real Estate Investment Trust (2778 HK) announces that its distributable income for the 6 months ended 30 June was HK$569 million, down 0.9% yoy. DPU will be HK$0.1048, dipping 2.6%, representing an annualized distribution yield of 4.8%. Net assets attributable to unitholders amounted to HK$7.42 a unit. (Hong Kong Economic Journal 9)
China SCE Property (1966 HK) announced the contract sales in July 2011 increased by 42 percent year-on-year to RMB370 million. The total contract sales area was approximately 35726 square meters, or up 32 percent year-on-year.(SingTao Daily B2)
Champion Real Estate Investment Trust (Champion REIT) (2778) of Eagle Asset Management (CP) Limited (41 HK) announced that for the first half of 2011, its total revenue was HK$950 million, down 0.9 percent. The distributable income was HK$569 million, dropping 0.9 percent year-on-year. The distribution per unit for the period was HK$0.1048, down 2.6 percent from the same period a year ago. (SingTao Daily B2)
Geely Automobile’s (175 HK) July total sales volume amounted to 21,828 units, up 0.7% yoy, down 26.4% qoq. The total sales volume in the first seven months reached 235,209 units, 49.0% of the full year sales volume target. (Hong Kong Economic Times A10)
HSBC Holdings PLC (5 HK), through its wholly owned subsidiaries HSBC Argentina Holdings S.A. and HSBC Participaciones (Argentina) S.A., agreed to acquire the remaining minority interest in three JVs with New York Life Enterprises LLC for a total consideration of US$15 million. The transaction is expected to be completed in the third quarter of 2011. (SingTao Daily B2)
Shun Tak Holdings (242 HK) announces that its non-wholly owned subsidiary Shun Tak-China Travel Shipping Investments has gotten into an agreement with New World First Holdings to purchase the entire issued share capital of New World First Ferry Services (Macau) and New Ferry – Transporte Maritimo de Passageiros (Macau) as well as the shareholder’s loan advanced to New World First Ferry Services (Macau), for a consideration of HK$350 million. (Hong Kong Economic Journal 9)
SITC International (1308 HK) recorded a profit of US$51.5 million for the 6 months ended 30 June. The company did not recommend the payment of an interim dividend. (Hong Kong Economic Times A10)
Wing Hang Bank (302 HK) announced its interim net profit increased by 54.4 percent to HK$1.18 billion for the six months ended June 30, 2011. An interim dividend of HK 46 cents per share was also announced. (SingTao Daily B2)
(0763) ZTE CORPORATION HALF-YEAR NET PROFIT DOWN 12.4%
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Thursday, August 11, 2011
Hong Kong Stock Market Wrap Aug. 10th, 2011
Cathay Pacific Airways Ltd. (293 HK) plans to spend HK$25.6 billion for purchase of 4 Boeing 777-300ER aircrafts and 8 Boeing 777-200F freighters. These new planes, equipped with GE90 engines, are expected to start delivering passengers between 2013 and 2016. (SingTao Daily B5)
China Railway Group (390 HK) announces that, in light of the adjustment to the macroeconomic policies of the PRC, there are uncertainties in connection to the obtaining of the relevant government approvals and hence its proposal of private placement of A shares has lapsed. (Hong Kong Economic Journal 17)
Chong Hing Bank (1111 HK) announced for the six months ended June 30 2011, its net profit increased by 1.1x to HK$409 million. An interim cash dividend of HK$0.15 per share is declared. The bank’s net interest margin narrowed to 1.11 percent in the period. (SingTao Daily B4)
Hong Kong Exchanges and Clearing Ltd. (388 HK) announced its 2011 interim net profit went up 14 percent to HK$2.58 billion and a dividend of HK$2.16 per share was declared, or up 14 percent year-on-year. (SingTao Daily B4)
Ko Yo Chemical (827 HK) announces that, having considered the present market conditions, it has decided to terminate its placing plan. (Hong Kong Economic Journal 17)
Lianhua Supermarket (980 HK) recorded profit attributable to shareholders of around RMB392 million, a yoy growth of 20.0%. Dividend distribution plan will be determined by its board of directors upon completion of bonus issue. (Hong Kong Economic Times A11)
Skyworth Digital Holdings Ltd. (751 HK) announced its TV sales volume in July increased by 66 percent; total sales revenue recorded growth of 40 percent. The China TV business unit recorded total sales volume growth of 21 percent in July 2011. (SingTao Daily B4)
Tencent Holdings (700 HK) posted revenues for the second quarter of RMB6,739.0 million, up 6.3% from the first quarter. Profit attributable to equity holders was RMB2,349.2 million, down 18.2% from the first quarter. (Hong Kong Economic Journal 5)
(2899) ZIJIN MINING GROUP CO., LTD.
ZIJIN WILL SPEND RMB5 BILLION ON OVERSEAS ACQUISITIONS
Zijin Mining Group announced for the six months ended June 30 2011, its net profit amounted to RMB3.1 billion, up 25 percent year-on-year. The company plans to spend RMB5 billion on overseas acquisitions of gold mines in the second half of 2011.
(SingTao Daily B6)
ZTE (763 HK) announces that, in accordance with China’s Accounting Standards for Business Enterprises, its net profit attributable to shareholders amounted to RMB768,524,000 in 1H, down 12.42% yoy. (Hong Kong Economic Journal 17)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China Railway Group (390 HK) announces that, in light of the adjustment to the macroeconomic policies of the PRC, there are uncertainties in connection to the obtaining of the relevant government approvals and hence its proposal of private placement of A shares has lapsed. (Hong Kong Economic Journal 17)
Chong Hing Bank (1111 HK) announced for the six months ended June 30 2011, its net profit increased by 1.1x to HK$409 million. An interim cash dividend of HK$0.15 per share is declared. The bank’s net interest margin narrowed to 1.11 percent in the period. (SingTao Daily B4)
Hong Kong Exchanges and Clearing Ltd. (388 HK) announced its 2011 interim net profit went up 14 percent to HK$2.58 billion and a dividend of HK$2.16 per share was declared, or up 14 percent year-on-year. (SingTao Daily B4)
Ko Yo Chemical (827 HK) announces that, having considered the present market conditions, it has decided to terminate its placing plan. (Hong Kong Economic Journal 17)
Lianhua Supermarket (980 HK) recorded profit attributable to shareholders of around RMB392 million, a yoy growth of 20.0%. Dividend distribution plan will be determined by its board of directors upon completion of bonus issue. (Hong Kong Economic Times A11)
Skyworth Digital Holdings Ltd. (751 HK) announced its TV sales volume in July increased by 66 percent; total sales revenue recorded growth of 40 percent. The China TV business unit recorded total sales volume growth of 21 percent in July 2011. (SingTao Daily B4)
Tencent Holdings (700 HK) posted revenues for the second quarter of RMB6,739.0 million, up 6.3% from the first quarter. Profit attributable to equity holders was RMB2,349.2 million, down 18.2% from the first quarter. (Hong Kong Economic Journal 5)
(2899) ZIJIN MINING GROUP CO., LTD.
ZIJIN WILL SPEND RMB5 BILLION ON OVERSEAS ACQUISITIONS
Zijin Mining Group announced for the six months ended June 30 2011, its net profit amounted to RMB3.1 billion, up 25 percent year-on-year. The company plans to spend RMB5 billion on overseas acquisitions of gold mines in the second half of 2011.
(SingTao Daily B6)
ZTE (763 HK) announces that, in accordance with China’s Accounting Standards for Business Enterprises, its net profit attributable to shareholders amounted to RMB768,524,000 in 1H, down 12.42% yoy. (Hong Kong Economic Journal 17)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Wednesday, August 10, 2011
Hong Kong Stock Market Wrap Aug. 9th, 2011
Electronic media sources quoted from Mr.Lu Zhaoxi, Jonathan, CEO of Alibaba.com Ltd (1688 HK), saying that Alibaba Group is seriously considering a public listing and this has been one of the Group’s main steps in development. But no timetable has been given yet. (SingTao Daily B3)
China COSCO Holdings (1919 HK) expects a yoy reduction in 1H profit and a net loss attributable to equity holders, largely attributable to a prolonged high fuel price under the declining global freight market, which had a material adverse effect on its operating results. (Hong Kong Economic Times A12)
Sources from Mainland China report that China Mobile Ltd (941 HK). may start selling iPhones in September, 2011. The company has not announced which version of iPhone will be introduced into the market. (SingTao Daily B3)
China Overseas Land & Investment (688 HK) announced for the six months ended June 30 2011, its interim net profit increased by 35 percent year-on-year to HK$6.84 billion with EPS of HK83.7 cents. An interim dividend of HK13 cents per share was declared. (SingTao Daily B3)
Huaneng Power International (902 HK) recorded profit attributable to equity holders of RMB1.131 billion in 1H, slipping 41.48% yoy, with EPS of RMB0.08. It resolved not to distribute dividends. (Hong Kong Economic Times A12)
Hysan Development (14 HK) booked turnover of HK$939 million for the 2011 interim period, a year-on-year rise of 7.1%. The company declared an interim dividend of HK15.0 cents a share. (Hong Kong Economic Journal 9)
Jolimark Holdings (2028 HK) issues a positive profit alert, expecting a jump in its net profit in the 1H this year compared with that for the 6 months ended 30 June 2010. (Hong Kong Economic Journal 23)
Renhe Commercial Holdings Company (1387 HK) announced that its half-year net profit in 2011 is expected to go up due to the increase in revenue from transfer of operation rights. (SingTao Daily B3)
Solomon Systech (International) Ltd (2878 HK). subscribes for new shares in C2 Microsystems Inc, representing 24 percent of the issued share capital of C2, at a consideration of US$9 million.
(SingTao Daily B3)
Yue Yuen Industrial (551 HK) announces that its net consolidated operating revenue amounted to USD631,688,000 in July and USD4,121,093,000 for the 7 months ended 31 July. (Hong Kong Economic Journal 9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China COSCO Holdings (1919 HK) expects a yoy reduction in 1H profit and a net loss attributable to equity holders, largely attributable to a prolonged high fuel price under the declining global freight market, which had a material adverse effect on its operating results. (Hong Kong Economic Times A12)
Sources from Mainland China report that China Mobile Ltd (941 HK). may start selling iPhones in September, 2011. The company has not announced which version of iPhone will be introduced into the market. (SingTao Daily B3)
China Overseas Land & Investment (688 HK) announced for the six months ended June 30 2011, its interim net profit increased by 35 percent year-on-year to HK$6.84 billion with EPS of HK83.7 cents. An interim dividend of HK13 cents per share was declared. (SingTao Daily B3)
Huaneng Power International (902 HK) recorded profit attributable to equity holders of RMB1.131 billion in 1H, slipping 41.48% yoy, with EPS of RMB0.08. It resolved not to distribute dividends. (Hong Kong Economic Times A12)
Hysan Development (14 HK) booked turnover of HK$939 million for the 2011 interim period, a year-on-year rise of 7.1%. The company declared an interim dividend of HK15.0 cents a share. (Hong Kong Economic Journal 9)
Jolimark Holdings (2028 HK) issues a positive profit alert, expecting a jump in its net profit in the 1H this year compared with that for the 6 months ended 30 June 2010. (Hong Kong Economic Journal 23)
Renhe Commercial Holdings Company (1387 HK) announced that its half-year net profit in 2011 is expected to go up due to the increase in revenue from transfer of operation rights. (SingTao Daily B3)
Solomon Systech (International) Ltd (2878 HK). subscribes for new shares in C2 Microsystems Inc, representing 24 percent of the issued share capital of C2, at a consideration of US$9 million.
(SingTao Daily B3)
Yue Yuen Industrial (551 HK) announces that its net consolidated operating revenue amounted to USD631,688,000 in July and USD4,121,093,000 for the 7 months ended 31 July. (Hong Kong Economic Journal 9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Tuesday, August 9, 2011
Hong Kong Stock Market Wrap Aug. 8th, 2011
ANTA Sports Products (2020 HK) saw profit attributable to shareholders increase by 22.0% to RMB927.3 million for the 6 months ended 30 June 2011. EPS amounted to RMB37.18 cents. It recommended an interim dividend of HK26 cents per ordinary share. (Hong Kong Economic Times A10)
China Lumena New Materials (67 HK) says it is expected to book a considerable growth in its unaudited profits attributable to shareholders for the 6 months ended 30 June 2011 as compared to that for the corresponding period last year. (Hong Kong Economic Times A10)
China Merchants Bank (3968 HK) expects its interim net profit for the six months ended June 30 2011 to go up by 40.12 percent year-on-year to RMB18.5 billion. (SingTao Daily B2)
China Mobile Limited (941 HK) plans to inject RMB13 billion to expand wireless businesses in China over the next three years. The company will form GSM, TD-SCDMA, TD-LTE and WLAN into a coordinated wireless city broadband network with characteristics of multi-level, wide coverage and popularity.
(SingTao Daily B4)
Guojin Resources (630 HK) announces that a subsidiary, principally engaged in the operations of remanufacturing and sale of computer printing and imaging products, will be liquidated.
(Hong Kong Economic Journal 21)
For the first 6 months of 2011, Orient Overseas (International) (316 HK) registered a profit attributable to equity holders of US$175.0 million, tumbling 86.4pc yoy. It announced an interim dividend of US7.0 cents per ordinary share. (Hong Kong Economic Times A10)
Tack Fat Group International (928 HK) announces that as all resumption conditions have been fulfilled, an application has been made for a resumption of trading in shares with effect from today. (Hong Kong Economic Journal 21)
TCL Multimedia Technology (1070 HK) announced for the six months ended June 30, 2011, the turnover increased by 7.5 percent to HK$13.1 billion. The company plans to further expand business in the third-tier and fourth-tier cities and countryside (SingTao Daily B4)
Wing Lee Holdings (876 HK) expects a significant increase in its half-year profit of 2011. This growth is mainly attributable to the gain from fair value changes of properties held by the company. (SingTao Daily B4)
Z-Obee (948 HK) announced its first half-year revenue in 2011 decreased by 12.9 percent year-on-year to US$26.91 million. No dividend is announced. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China Lumena New Materials (67 HK) says it is expected to book a considerable growth in its unaudited profits attributable to shareholders for the 6 months ended 30 June 2011 as compared to that for the corresponding period last year. (Hong Kong Economic Times A10)
China Merchants Bank (3968 HK) expects its interim net profit for the six months ended June 30 2011 to go up by 40.12 percent year-on-year to RMB18.5 billion. (SingTao Daily B2)
China Mobile Limited (941 HK) plans to inject RMB13 billion to expand wireless businesses in China over the next three years. The company will form GSM, TD-SCDMA, TD-LTE and WLAN into a coordinated wireless city broadband network with characteristics of multi-level, wide coverage and popularity.
(SingTao Daily B4)
Guojin Resources (630 HK) announces that a subsidiary, principally engaged in the operations of remanufacturing and sale of computer printing and imaging products, will be liquidated.
(Hong Kong Economic Journal 21)
For the first 6 months of 2011, Orient Overseas (International) (316 HK) registered a profit attributable to equity holders of US$175.0 million, tumbling 86.4pc yoy. It announced an interim dividend of US7.0 cents per ordinary share. (Hong Kong Economic Times A10)
Tack Fat Group International (928 HK) announces that as all resumption conditions have been fulfilled, an application has been made for a resumption of trading in shares with effect from today. (Hong Kong Economic Journal 21)
TCL Multimedia Technology (1070 HK) announced for the six months ended June 30, 2011, the turnover increased by 7.5 percent to HK$13.1 billion. The company plans to further expand business in the third-tier and fourth-tier cities and countryside (SingTao Daily B4)
Wing Lee Holdings (876 HK) expects a significant increase in its half-year profit of 2011. This growth is mainly attributable to the gain from fair value changes of properties held by the company. (SingTao Daily B4)
Z-Obee (948 HK) announced its first half-year revenue in 2011 decreased by 12.9 percent year-on-year to US$26.91 million. No dividend is announced. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Monday, August 8, 2011
Hong Kong Stock Market Wrap Aug. 5th, 2011
Beijing Jingkelong (814 HK) registered profit attributable to equity holders of the parent of roughly RMB102,968,000 in the 1H, surging about 21.9% compared with the previous corresponding period. EPS rose to RMB25.0 cents and it did not recommend the payment of any interim dividend. (Hong Kong Economic Journal 15)
CITIC Pacific (267 HK) announces an appointment of its independent non-executive director Francis Siu Wai Keung as a member of the special committee of its board and the Commercial Crime Bureau of the Hong Kong Police Force. (Hong Kong Economic Times A10)
CSR Corporation (1766 HK) booked profit attributable to owners of the parent of RMB2,044,547,000 for the 6 months ended 30 June 2011, up 85.08% as compared with the same period last year. EPS amounted to RMB0.17. It did not recommend the payment of an interim dividend. (Hong Kong Economic Journal 15)
EVA Precision Industrial (838 HK) has agreed to buy an aggregate of 100% of the equity interest in Chongqing Digidie Auto Body, largely engaged in the development, manufacture and sale of moulds for automobiles, at the aggregate consideration of RMB61,020,092. (SingTao Daily B2)
Heng Tai Consumables (197 HK) says its profit for the year ended 30 June 2011 is expected to be affected by various factors, including a drop in trading volume of its FMCG trading business caused by increasingly restrictive regulatory conditions in China. (SingTao Daily B2)
China Timber Resources Group (269 HK) says it will focus on resource transportation business in the future. The overloading, cost and marketing advantages of the company will highlight its new growth. (Hong Kong Economic Journal P6)
China Zhengtong Auto Services (1728 HK) considers a potential acquisition of a subsidiary of Baotou City Hengtai Enterprise Investment Co Ltd in Inner Mongolia. China Zhengtong plans to acquire the entire share capital in this subsidiary. The two sides have entered into a framework agreement concerning the matter. (SingTao Daily B14)
Dah Chong Hong (1828 HK) plans to expand logistics businesses in Shanghai, Shenzhen, Guangzhou and Xiamen, PRC. The company will focus on cold chain logistics in China’s growing market. (SingTao Daily B15)
Leoch International Technology Ltd. (842 HK) announced that it has passed the accreditation of PEP BOYS to become one of its certified suppliers to supply Lead acid battery for PEP BOYS’ retail chain stores. (SingTao Daily B14)
Vitop Bioenergy Holdings Ltd. (1178 HK) has acquired 90 percent of equity interest in Express Time Enterprises Limited at a consideration of HK$108.5 million. (SingTao Daily B14)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
CITIC Pacific (267 HK) announces an appointment of its independent non-executive director Francis Siu Wai Keung as a member of the special committee of its board and the Commercial Crime Bureau of the Hong Kong Police Force. (Hong Kong Economic Times A10)
CSR Corporation (1766 HK) booked profit attributable to owners of the parent of RMB2,044,547,000 for the 6 months ended 30 June 2011, up 85.08% as compared with the same period last year. EPS amounted to RMB0.17. It did not recommend the payment of an interim dividend. (Hong Kong Economic Journal 15)
EVA Precision Industrial (838 HK) has agreed to buy an aggregate of 100% of the equity interest in Chongqing Digidie Auto Body, largely engaged in the development, manufacture and sale of moulds for automobiles, at the aggregate consideration of RMB61,020,092. (SingTao Daily B2)
Heng Tai Consumables (197 HK) says its profit for the year ended 30 June 2011 is expected to be affected by various factors, including a drop in trading volume of its FMCG trading business caused by increasingly restrictive regulatory conditions in China. (SingTao Daily B2)
China Timber Resources Group (269 HK) says it will focus on resource transportation business in the future. The overloading, cost and marketing advantages of the company will highlight its new growth. (Hong Kong Economic Journal P6)
China Zhengtong Auto Services (1728 HK) considers a potential acquisition of a subsidiary of Baotou City Hengtai Enterprise Investment Co Ltd in Inner Mongolia. China Zhengtong plans to acquire the entire share capital in this subsidiary. The two sides have entered into a framework agreement concerning the matter. (SingTao Daily B14)
Dah Chong Hong (1828 HK) plans to expand logistics businesses in Shanghai, Shenzhen, Guangzhou and Xiamen, PRC. The company will focus on cold chain logistics in China’s growing market. (SingTao Daily B15)
Leoch International Technology Ltd. (842 HK) announced that it has passed the accreditation of PEP BOYS to become one of its certified suppliers to supply Lead acid battery for PEP BOYS’ retail chain stores. (SingTao Daily B14)
Vitop Bioenergy Holdings Ltd. (1178 HK) has acquired 90 percent of equity interest in Express Time Enterprises Limited at a consideration of HK$108.5 million. (SingTao Daily B14)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Hong Kong Stock Market Wrap Aug. 4th, 2011
Beijing Capital Land (2868 HK) registered contracted sales and area of RMB6.14 billion and 632,000sqm respectively for the first seven months. (SingTao Daily B4)
CITIC Resources (1205 HK) is expecting a jump in its profit attributable to shareholders for the 6 months ended 30 June 2011, largely attributable to higher selling prices of its products and recognition of a gain from the partial disposal of its interest in the Codrilla project. (SingTao Daily B4)
Fantasia Holdings (1777 HK) reported contracted sales of RMB4 billion for the first 7 month, with a sales area of 400,000sqm. (SingTao Daily B4)
Hutchison Whampoa (13 HK) announced its half-year profit attributable to the shareholders of the company (before profits on disposal of investments and others) increased by 44 percent year-on-year to HK$9,116 million in 2011. The company has also announced its interim dividend of HK$0.55 per share for the first time in 11 years. (Hong Kong Economic Times A3)
Longfor Chongqing (960 HK), an indirect 91.3 percent owned subsidiary of Longfor Properties Co. Ltd., has won a bid for a piece of land located at Plot No. 05, Phase One of Central District, Hongqiao Business District, Shanghai, the PRC at an aggregate consideration of RMB3,054 million. The total gross floor area was around 290,000 square meters. (Hong Kong Economic Times A12)
TCC International Holdings Ltd (1136 HK). plans to inject US$130 million and 45 million issued warrants for the acquisition of 97.94 percent of equity interest in Scitus Cement (China) Holdings Limited. (Hong Kong Economic Journal P8)
The Bank of East Asia (23 HK) announced that for the first six months of 2011, the net profit amounted to HK$2,711 million, or up 29.1 percent year-on-year. The bank announced an interim dividend of HK43 cents per share. (Hong Kong Economic Times A10)
Tianneng Power International Ltd. (819 HK) has made an announcement regarding the production suspension of some plants. The plants contributed 54 percent of the company’s total capacity before their production was suspended. The company has also applied to the HK Stock Exchange for the resumption of trading of shares in the company. (Hong Kong Economic Times A12)
Vital Group Holdings (1164 HK) decides to temporarily suspend the production of Osteoform food products due to a significant fall in the sales of the product since June. It expects there will be an impairment loss recognized for the 6 months ended 30 June 2011 for certain properties, plants and equipment owing to an integration of production line, which led to the idleness of certain plants and equipment. (SingTao Daily B4)
Yuexiu Property Company (123 HK) yesterday issued a positive profit alert for the 6 months ended 30 June 2011 on an increase in revenue from recognition of part of the property sales and fair value gain on revaluation of investment properties. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
CITIC Resources (1205 HK) is expecting a jump in its profit attributable to shareholders for the 6 months ended 30 June 2011, largely attributable to higher selling prices of its products and recognition of a gain from the partial disposal of its interest in the Codrilla project. (SingTao Daily B4)
Fantasia Holdings (1777 HK) reported contracted sales of RMB4 billion for the first 7 month, with a sales area of 400,000sqm. (SingTao Daily B4)
Hutchison Whampoa (13 HK) announced its half-year profit attributable to the shareholders of the company (before profits on disposal of investments and others) increased by 44 percent year-on-year to HK$9,116 million in 2011. The company has also announced its interim dividend of HK$0.55 per share for the first time in 11 years. (Hong Kong Economic Times A3)
Longfor Chongqing (960 HK), an indirect 91.3 percent owned subsidiary of Longfor Properties Co. Ltd., has won a bid for a piece of land located at Plot No. 05, Phase One of Central District, Hongqiao Business District, Shanghai, the PRC at an aggregate consideration of RMB3,054 million. The total gross floor area was around 290,000 square meters. (Hong Kong Economic Times A12)
TCC International Holdings Ltd (1136 HK). plans to inject US$130 million and 45 million issued warrants for the acquisition of 97.94 percent of equity interest in Scitus Cement (China) Holdings Limited. (Hong Kong Economic Journal P8)
The Bank of East Asia (23 HK) announced that for the first six months of 2011, the net profit amounted to HK$2,711 million, or up 29.1 percent year-on-year. The bank announced an interim dividend of HK43 cents per share. (Hong Kong Economic Times A10)
Tianneng Power International Ltd. (819 HK) has made an announcement regarding the production suspension of some plants. The plants contributed 54 percent of the company’s total capacity before their production was suspended. The company has also applied to the HK Stock Exchange for the resumption of trading of shares in the company. (Hong Kong Economic Times A12)
Vital Group Holdings (1164 HK) decides to temporarily suspend the production of Osteoform food products due to a significant fall in the sales of the product since June. It expects there will be an impairment loss recognized for the 6 months ended 30 June 2011 for certain properties, plants and equipment owing to an integration of production line, which led to the idleness of certain plants and equipment. (SingTao Daily B4)
Yuexiu Property Company (123 HK) yesterday issued a positive profit alert for the 6 months ended 30 June 2011 on an increase in revenue from recognition of part of the property sales and fair value gain on revaluation of investment properties. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Hong Kong Stock Market Wrap Aug. 3rd, 2011
China National Building Material Company (3323 HK) expects the unaudited profit attributable to equity holders of the company may increase by over 200 percent for the first half of 2011. (Hong Kong Economic Times A10)
Clear Media (100 HK) recorded profit of HK$72,853,000 and EPS of HK13.77 cents for the 6 months ended 30 June 2011. It resolved not to pay any interim dividend to shareholders. (SingTao Daily B2)
Enerchina (622 HK) expects a considerable net profit attributable to owners for the 1H as compared with the net loss posted in the same period last year, principally owing to a gain on disposal of a subsidiary Shenzhen Fuhuade Electric Power. (SingTao Daily B4)
Essex Bio-Technology (1061 HK) announces that, for the 6 months ended 30 June 2011, its profit attributable to owners reached around HK$15.1 million, surging about 34.4 percent. It does not recommend the payment of an interim dividend. (SingTao Daily B2)
Great Wall Motor Company (2333 HK) announced that its proposed A share issue has been passed by the Public Offering Review Committee of CSRC. The company is waiting for the formal written approval from CSRC. The company plans to issue not more than 304 million A shares. (Hong Kong Economic Times A10)
Guangzhou R&F Properties (2777 HK) announced the contract sales in July 2011 amounted to RMB3,035 million, or up 19 percent compared with that in June. The sales area was 177, 600 square meters. (Hong Kong Economic Times A10)
Hengli Commercial Properties (169 HK) announces that the office building of “Hengli City”, complex property project developed by its subsidiary Fujian Zhonglu Real Estate Development, has been launched for public pre-sale. All 9 levels of office units launched have been subscribed with signed subscription agreements and/or deposits paid. The pre-sold area and consideration is roughly 9,100 sqm and RMB300,000,000 respectively. (SingTao Daily B2)
Japanese paper (2314 HK) manufacturer Nippon Paper plans to spend HK$937 million for more shares in Lee & Man Paper. Nippon Paper will hold 15.32 percent of equity interest in Lee & Man after the completion of transaction. (Hong Kong Economic Journal P6)
Pacific Basin Shipping Ltd (2343 HK) announced its first half-year net profit decreased by 94 percent to US$3 million. The company did not issue any profit alert before the announcement of the result. (Hong Kong Economic Journal P6)
Standard Chartered (2888 HK) registered profit attributable to ordinary shareholders of US$2,516 million in the 1H, surging 20 percent yoy. Normalised EPS upped 4.1 percent to 105.2 US cents. Interim dividend per share rose 10 percent to 24.75 cents per share. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Clear Media (100 HK) recorded profit of HK$72,853,000 and EPS of HK13.77 cents for the 6 months ended 30 June 2011. It resolved not to pay any interim dividend to shareholders. (SingTao Daily B2)
Enerchina (622 HK) expects a considerable net profit attributable to owners for the 1H as compared with the net loss posted in the same period last year, principally owing to a gain on disposal of a subsidiary Shenzhen Fuhuade Electric Power. (SingTao Daily B4)
Essex Bio-Technology (1061 HK) announces that, for the 6 months ended 30 June 2011, its profit attributable to owners reached around HK$15.1 million, surging about 34.4 percent. It does not recommend the payment of an interim dividend. (SingTao Daily B2)
Great Wall Motor Company (2333 HK) announced that its proposed A share issue has been passed by the Public Offering Review Committee of CSRC. The company is waiting for the formal written approval from CSRC. The company plans to issue not more than 304 million A shares. (Hong Kong Economic Times A10)
Guangzhou R&F Properties (2777 HK) announced the contract sales in July 2011 amounted to RMB3,035 million, or up 19 percent compared with that in June. The sales area was 177, 600 square meters. (Hong Kong Economic Times A10)
Hengli Commercial Properties (169 HK) announces that the office building of “Hengli City”, complex property project developed by its subsidiary Fujian Zhonglu Real Estate Development, has been launched for public pre-sale. All 9 levels of office units launched have been subscribed with signed subscription agreements and/or deposits paid. The pre-sold area and consideration is roughly 9,100 sqm and RMB300,000,000 respectively. (SingTao Daily B2)
Japanese paper (2314 HK) manufacturer Nippon Paper plans to spend HK$937 million for more shares in Lee & Man Paper. Nippon Paper will hold 15.32 percent of equity interest in Lee & Man after the completion of transaction. (Hong Kong Economic Journal P6)
Pacific Basin Shipping Ltd (2343 HK) announced its first half-year net profit decreased by 94 percent to US$3 million. The company did not issue any profit alert before the announcement of the result. (Hong Kong Economic Journal P6)
Standard Chartered (2888 HK) registered profit attributable to ordinary shareholders of US$2,516 million in the 1H, surging 20 percent yoy. Normalised EPS upped 4.1 percent to 105.2 US cents. Interim dividend per share rose 10 percent to 24.75 cents per share. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Wednesday, August 3, 2011
Hong Kong Stock Market Wrap Aug. 2nd, 2011
Cheung Kong Infrastructure (1038 HK) announces a disposal of its entire equity interest in Cambridge Water to HSBC. The consideration is £45.9 million, equivalent to around HK$588.4 million. (SingTao Daily B2)
China Overseas Grand Oceans Group (81 HK) announced its half-year net profit for 2011 increased by 14x to HK$804 million. The company proposed bonus share issue on the basis of one bonus share for every two existing shares in the company. (Hong Kong Economic Journal P4)
CR Snow Breweries, a subsidiary of China Resources Enterprise (291 HK), announced it had acquired the remaining equity interests in two Zhejiang brewers including 55 percent of interest in Hangzhou Xihu Beer Asahi Co. Ltd, a joint venture between Japanese firms Asahi Breweries Co. Ltd. and Itouchu Corp. The total consideration for this acquisition is RMB300 million. (Hong Kong Economic Journal P4)
China Timber Resources (269 HK) plans to issue HK$2 billion and 9 percent convertible bonds. These bonds will be due 2014. (Hong Kong Economic Times A8)
G-Prop (286 HK) says it is expected that its 1H results will return to the black, chiefly attributable to an unrealized exchange gain of its investment arisen from the floating rate notes which are denominated in euro. (SingTao Daily B2)
Huafeng Group (364 HK) announces that it will sell a company, principally engaged in the provision of fabric processing services, to independent third parties for a total consideration of HK$103.2 million. (SingTao Daily B2)
Hutchison Harbour Ring (715 HK) booked profit attributable to the shareholders of HK$43.5 million and basic EPS of HK0.48 cents for the 6 months ended 30 June 2011. It does not recommend the payment of an interim dividend. (SingTao Daily B2)
KWG Property’s (1813 HK) presales in July 2011 amounted to RMB1 billion, or up 68 percent year-on-year. The company’s presales for the first seven months reached RMB7.54 billion. (Hong Kong Economic Journal P4)
Sinotrans Limited (598 HK) signed contracts yesterday as the buyer regarding the construction of two 1800-TEU container vessels for a total consideration of RMB318,000,000. (SingTao Daily B2)
Skyfame Realty (59 HK) has planned to dispose of 50 percent of the issued share capital of its Guangzhou projects and 50 percent of the shareholder’s loan to HNA Commercial, a subsidiary of HNA Hotel Holdings Group Co. Limited. The total consideration for the proposed disposal is RMB1,300 million. (Hong Kong Economic Journal P4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China Overseas Grand Oceans Group (81 HK) announced its half-year net profit for 2011 increased by 14x to HK$804 million. The company proposed bonus share issue on the basis of one bonus share for every two existing shares in the company. (Hong Kong Economic Journal P4)
CR Snow Breweries, a subsidiary of China Resources Enterprise (291 HK), announced it had acquired the remaining equity interests in two Zhejiang brewers including 55 percent of interest in Hangzhou Xihu Beer Asahi Co. Ltd, a joint venture between Japanese firms Asahi Breweries Co. Ltd. and Itouchu Corp. The total consideration for this acquisition is RMB300 million. (Hong Kong Economic Journal P4)
China Timber Resources (269 HK) plans to issue HK$2 billion and 9 percent convertible bonds. These bonds will be due 2014. (Hong Kong Economic Times A8)
G-Prop (286 HK) says it is expected that its 1H results will return to the black, chiefly attributable to an unrealized exchange gain of its investment arisen from the floating rate notes which are denominated in euro. (SingTao Daily B2)
Huafeng Group (364 HK) announces that it will sell a company, principally engaged in the provision of fabric processing services, to independent third parties for a total consideration of HK$103.2 million. (SingTao Daily B2)
Hutchison Harbour Ring (715 HK) booked profit attributable to the shareholders of HK$43.5 million and basic EPS of HK0.48 cents for the 6 months ended 30 June 2011. It does not recommend the payment of an interim dividend. (SingTao Daily B2)
KWG Property’s (1813 HK) presales in July 2011 amounted to RMB1 billion, or up 68 percent year-on-year. The company’s presales for the first seven months reached RMB7.54 billion. (Hong Kong Economic Journal P4)
Sinotrans Limited (598 HK) signed contracts yesterday as the buyer regarding the construction of two 1800-TEU container vessels for a total consideration of RMB318,000,000. (SingTao Daily B2)
Skyfame Realty (59 HK) has planned to dispose of 50 percent of the issued share capital of its Guangzhou projects and 50 percent of the shareholder’s loan to HNA Commercial, a subsidiary of HNA Hotel Holdings Group Co. Limited. The total consideration for the proposed disposal is RMB1,300 million. (Hong Kong Economic Journal P4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Tuesday, August 2, 2011
Hong Kong Stock Market Wrap Aug. 1st, 2011
China Forestry (930 HK) announces the preliminary results of an offer to purchase and solicitation of consents regarding senior notes due 2015. Holders had tendered and not withdrawn US$290.23 million in aggregate principal amount of notes, representing 96.74% of the total amount of the notes outstanding. (SingTao Daily B2)
CITIC Dameng (1091 HK) expects its profit attributable to equity holders for the 6 months ended 30 June 2011 will be considerably higher than the corresponding period of last year, primarily attributable to a rise in the average selling price and sales volume of electrolytic manganese metal. (SingTao Daily B2)
Fosun International (656 HK) says its profit attributable to equity holders for the half year ended 30 June 2011 is expected to jump in comparison with that for the same period as of last year, chiefly attributable to the fair value gain on certain equity investments held by it. (SingTao Daily B2)
Haier Electronics (1169 HK) plans to issue five-year and 3 pc convertible bonds at a principal of HK$1,067 million. (Hong Kong Economic Times A8)
Hong Long Holdings (1383 HK) disposes Luxegood Development to Ning Jiang at a consideration of HK$323.17 million. Luxegood is mainly engaged in the development and sale of residential properties in Xingning, Guangdong Province. (SingTao Daily B2)
Hutchison Telecommunications Hong Kong (215 HK) announced for the first half of 2011, the company recorded its net profit at HK$494 million, or up approximately 37 pc year-on-year. The company plans to introduce LTE (4G) services this year. (Hong Kong Economic Times A8)
Kingdee International Software (268 HK) acquires 75% equity interests in Guangzhou Wisetop Computer at a consideration of about RMB120 million. It will, after the deal, further inject RMB30 million and RMB 26 million, in the respective forms of cash and non-cash consideration, for the increase of Wisetop’s capital. Consequently, Wisetop will become its 81.48%-owned subsidiary. (SingTao Daily B2)
KWG Property (1813 HK) announced that its unaudited consolidated net profit for the first half of 2011 may experience a significant increase compared with the same period last year. This increase was mainly attributable to a substantial increase in the company’s total gross floor area delivered to buyers during the period. (Hong Kong Economic Journal P5)
Tom Group Limited (2383 HK) announced its 2011 interim losses went up to HK$129 million and loss per share was HK3.3 cents. The company’s network services are expected to build encouraging growth momentum. (Hong Kong Economic Times A8)
Yanzhou Coal Mining (1171 HK) has acquired 100 pc equity interests in Syntech Holdings, Queensland, Australia at a consideration of AUD202.5 million. (Hong Kong Economic Times A8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
CITIC Dameng (1091 HK) expects its profit attributable to equity holders for the 6 months ended 30 June 2011 will be considerably higher than the corresponding period of last year, primarily attributable to a rise in the average selling price and sales volume of electrolytic manganese metal. (SingTao Daily B2)
Fosun International (656 HK) says its profit attributable to equity holders for the half year ended 30 June 2011 is expected to jump in comparison with that for the same period as of last year, chiefly attributable to the fair value gain on certain equity investments held by it. (SingTao Daily B2)
Haier Electronics (1169 HK) plans to issue five-year and 3 pc convertible bonds at a principal of HK$1,067 million. (Hong Kong Economic Times A8)
Hong Long Holdings (1383 HK) disposes Luxegood Development to Ning Jiang at a consideration of HK$323.17 million. Luxegood is mainly engaged in the development and sale of residential properties in Xingning, Guangdong Province. (SingTao Daily B2)
Hutchison Telecommunications Hong Kong (215 HK) announced for the first half of 2011, the company recorded its net profit at HK$494 million, or up approximately 37 pc year-on-year. The company plans to introduce LTE (4G) services this year. (Hong Kong Economic Times A8)
Kingdee International Software (268 HK) acquires 75% equity interests in Guangzhou Wisetop Computer at a consideration of about RMB120 million. It will, after the deal, further inject RMB30 million and RMB 26 million, in the respective forms of cash and non-cash consideration, for the increase of Wisetop’s capital. Consequently, Wisetop will become its 81.48%-owned subsidiary. (SingTao Daily B2)
KWG Property (1813 HK) announced that its unaudited consolidated net profit for the first half of 2011 may experience a significant increase compared with the same period last year. This increase was mainly attributable to a substantial increase in the company’s total gross floor area delivered to buyers during the period. (Hong Kong Economic Journal P5)
Tom Group Limited (2383 HK) announced its 2011 interim losses went up to HK$129 million and loss per share was HK3.3 cents. The company’s network services are expected to build encouraging growth momentum. (Hong Kong Economic Times A8)
Yanzhou Coal Mining (1171 HK) has acquired 100 pc equity interests in Syntech Holdings, Queensland, Australia at a consideration of AUD202.5 million. (Hong Kong Economic Times A8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Monday, August 1, 2011
Hong Kong Stock Market Wrap July 29th, 2011
Yahoo Inc., SoftBank Corp. and Alibaba Group reached an agreement over the transfer of the online-payments company Alipay. The agreement announced preserves the relationship between Alipay and Alibaba's e-commerce unit Taobao, provides Alibaba (1688 HK) with licensing revenue from Alipay, and guarantees between US$2 billion and US$6 billion in proceeds to Alibaba from any Alipay initial public offering or sale. (SingTao Daily B3)
China Resources Enterprise (291 HK) plans to acquire the entire registered share capital in Jiangxi Hongkelong Department Store at a total consideration of RMB3.69 billion. The core businesses of the company are, namely retail, beer, beverage and food processing and distribution. The company would like to increase its market shares by expanding more acquisitions. (Hong Kong Economic Journal P5)
Bright New Investments Limited, a wholly owned subsidiary of Glorious Property Holdings Limited (845 HK), agreed to buy entire interests in Shanghai Bay projects from S.I. Properties Holdings Limited at a consideration of RMB2 billion. (Hong Kong Economic Times A11)
Great Wall Motor (2333 HK) plans to issue at most 304 million A shares for proceeds of around RMB3.17 billion for expansion. The company has submitted an application to proceed with the proposed A share issue to China Securities Regulatory Commission for approval. (Hong Kong Economic Journal P5)
Tom Group (2383 HK) teams up with Glu Mobile Inc, a smart mobile platform community game developer, to develop an intelligent terminal gaming community platform in Mainland China. (Hong Kong Economic Journal P5)
China Shipping Nauticgreen (2138 HK) plans to kick off roadshow today, start its IPO on 5 August and list on the bourse on 19 August. (SingTao Daily B16)
Hong Long (1383 HK) announces that Ouyang Junxin has tendered his resignation from office as its executive director due to his intention to achieve his other personal goal, with effect from 31 July. (SingTao Daily B16)
Ko Yo Chemical (827 HK) plans to place to not less than 6 placees up to 300,000,000 new shares at a price of HK$0.172 each with bonus warrants on the basis of 1 bonus warrant to 1 placing share. (Hong Kong Economic Times A10)
Seamless Green China (8150 HK) announces that Liu Chun Ning Wilfred has resigned as its independent non-executive director and member of the audit committee and remuneration committee respectively with effect from 29 July. (SingTao Daily B16)
Sinopoly Battery (729 HK) places a maximum of 700,000,000 shares at a price of HK$0.52 per share. The maximum gross proceeds will be about HK$364 million. (Hong Kong Economic Journal 21)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
China Resources Enterprise (291 HK) plans to acquire the entire registered share capital in Jiangxi Hongkelong Department Store at a total consideration of RMB3.69 billion. The core businesses of the company are, namely retail, beer, beverage and food processing and distribution. The company would like to increase its market shares by expanding more acquisitions. (Hong Kong Economic Journal P5)
Bright New Investments Limited, a wholly owned subsidiary of Glorious Property Holdings Limited (845 HK), agreed to buy entire interests in Shanghai Bay projects from S.I. Properties Holdings Limited at a consideration of RMB2 billion. (Hong Kong Economic Times A11)
Great Wall Motor (2333 HK) plans to issue at most 304 million A shares for proceeds of around RMB3.17 billion for expansion. The company has submitted an application to proceed with the proposed A share issue to China Securities Regulatory Commission for approval. (Hong Kong Economic Journal P5)
Tom Group (2383 HK) teams up with Glu Mobile Inc, a smart mobile platform community game developer, to develop an intelligent terminal gaming community platform in Mainland China. (Hong Kong Economic Journal P5)
China Shipping Nauticgreen (2138 HK) plans to kick off roadshow today, start its IPO on 5 August and list on the bourse on 19 August. (SingTao Daily B16)
Hong Long (1383 HK) announces that Ouyang Junxin has tendered his resignation from office as its executive director due to his intention to achieve his other personal goal, with effect from 31 July. (SingTao Daily B16)
Ko Yo Chemical (827 HK) plans to place to not less than 6 placees up to 300,000,000 new shares at a price of HK$0.172 each with bonus warrants on the basis of 1 bonus warrant to 1 placing share. (Hong Kong Economic Times A10)
Seamless Green China (8150 HK) announces that Liu Chun Ning Wilfred has resigned as its independent non-executive director and member of the audit committee and remuneration committee respectively with effect from 29 July. (SingTao Daily B16)
Sinopoly Battery (729 HK) places a maximum of 700,000,000 shares at a price of HK$0.52 per share. The maximum gross proceeds will be about HK$364 million. (Hong Kong Economic Journal 21)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
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