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
