Wednesday, August 10, 2011

Hong Kong Stock Market Wrap Aug. 9th, 2011

Electronic media sources quoted from Mr.Lu Zhaoxi, Jonathan, CEO of Ltd (1688 HK), saying that Alibaba Group is seriously considering a public listing and this has been one of the Group’s main steps in development. But no timetable has been given yet. (SingTao Daily B3)

China COSCO Holdings (1919 HK) expects a yoy reduction in 1H profit and a net loss attributable to equity holders, largely attributable to a prolonged high fuel price under the declining global freight market, which had a material adverse effect on its operating results. (Hong Kong Economic Times A12)

Sources from Mainland China report that China Mobile Ltd (941 HK). may start selling iPhones in September, 2011. The company has not announced which version of iPhone will be introduced into the market. (SingTao Daily B3)

China Overseas Land & Investment (688 HK) announced for the six months ended June 30 2011, its interim net profit increased by 35 percent year-on-year to HK$6.84 billion with EPS of HK83.7 cents. An interim dividend of HK13 cents per share was declared. (SingTao Daily B3)

Huaneng Power International (902 HK) recorded profit attributable to equity holders of RMB1.131 billion in 1H, slipping 41.48% yoy, with EPS of RMB0.08. It resolved not to distribute dividends. (Hong Kong Economic Times A12)

Hysan Development (14 HK) booked turnover of HK$939 million for the 2011 interim period, a year-on-year rise of 7.1%. The company declared an interim dividend of HK15.0 cents a share. (Hong Kong Economic Journal 9)

Jolimark Holdings (2028 HK) issues a positive profit alert, expecting a jump in its net profit in the 1H this year compared with that for the 6 months ended 30 June 2010. (Hong Kong Economic Journal 23)

Renhe Commercial Holdings Company (1387 HK) announced that its half-year net profit in 2011 is expected to go up due to the increase in revenue from transfer of operation rights. (SingTao Daily B3)

Solomon Systech (International) Ltd (2878 HK). subscribes for new shares in C2 Microsystems Inc, representing 24 percent of the issued share capital of C2, at a consideration of US$9 million.
(SingTao Daily B3)

Yue Yuen Industrial (551 HK) announces that its net consolidated operating revenue amounted to USD631,688,000 in July and USD4,121,093,000 for the 7 months ended 31 July. (Hong Kong Economic Journal 9)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard