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