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
