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
