In September 2011, Air China’s (753 HK) passenger traffic increased by 5.8 pc to 4.206 million and airfreight traffic went down by 2.5 pc year-on-year to 103,000 tons. (Hong Kong Economic Times A17)
David LI Kwok-po, chairman of the BEA (23 HK), bought 100,000 shares of the bank at HK$24.458 each on average on Monday, taking its shareholding in the bank to 2.96pc. (SingTao Daily B7)
Belle International (1880 HK) announced its shoe business recorded an increase of 18.5 pc in same store sales for this third quarter. Its sportswear business reported 2.5 pc same store sales for the same period. (Hong Kong Economic Times A17)
Mainland sources reported that CSR (1766 HK) and CNR’s parent companies will receive RMB2 million cash injections respectively from the government. Shares in CSR surged 14 pc to HK$3.44 yesterday. (Hong Kong Economic Times A17)
CST Mining (985 HK) announced yesterday a discovery of a new copper deposit “Lady Colleen” at its Lady Annie Copper Operation in northwest Queensland, Australia, which sent its share price up 25pc to end at HK$0.125 yesterday. (SingTao Daily B4)
Evergrande Real Estate (3333 HK) said its contract sales for the first nine months this year increased by 79.4 pc year-on-year to RMB9.16 billion, approaching its whole-year sales target of RMB70 billion. The company is confident that it will realize this target within this year and considers price markups to slow down the selling speed. (Hong Kong Economic Times A16)
Heng Xin China Holdings (8046 HK) announces that Tao Chi Keung has resigned as its CFO. Executive director Feng Yongming and financial controller Cheng Kit Sum Clara will take on certain major roles of the post until a full time replacement is hired. (SingTao Daily B7)
Huadian Power International Corporation (1071 HK) announces that, as at 30 September, the power generated for the 1st 3Qs amounted to 111.67 million MWh, surging around 16.82pc. The on-grid electricity sold reached 104.29 million MWh, up about 17.25pc. (SingTao Daily B7)
Shareholders of PCCW (8 HK) approved the spin-off of a telecommunications business trust yesterday, making a further step towards its separate listing in Hong Kong. The projected public offering will be proceeded if a minimum valuation of HK$28.6 billion is achieved for this trust. PCCW valued at HK$21 billion yesterday. (Hong Kong Economic Times A16)
Texhong Textile Group (2678 HK) expects its earnings for the year ending 31 December 2011 to plunge as the cotton price rose to exceptionally high level during the 2H of 2010 and then fell this year. (SingTao Daily B7)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
