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
