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Issue: January 18, 2008 (Archive)

Sunday, May 26, 2013

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Prada boss upbeat despite global ills
Prada (1913) said it will expand in emerging markets including Russia despite global market uncertainties.

Lenovo soars on market muscle
Lenovo Group (0992), the world's second- biggest maker of personal computers, reported a 90-percent gain in fourth-quarter profit after increasing its market share and boosting smartphone sales.

China PMI signals further economic slowdown
China's manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter.

Don't rush for the exit because of the big sell-off
I mentioned this week that since the Hang Seng Index had risen 1,900 points in the past one month, any correction would be healthy for an uptrend to be sustained over the next few months.

4b yuan squeeze for Huiyuan Juice
China Huiyuan Juice (1886) will buy the juice concentrate and puree business from chairman and major shareholder Zhu Xinli for 3.94 billion yuan (HK$4.98 billion).

China Mobile buys office
China Mobile (0941) has bought four floors at a Grade-A office complex in Kwai Chung for around HK$1 billion, signaling its desire to set up a firmer base Hong Kong.

Hengan sees growth as wood-pulp prices ease
Hengan International (1044) expects to see better sales growth this year as its diaper business has now entered a high-growth cycle.

Long-term coolers seen for mainland property
Beijing will likely refrain from deploying further short-term measures to cool the nation's red-hot property market and focus instead on introducing more long- term policies, the China Securities Journal reported.

Hopewell will open doors to handle debt
Hopewell Holdings (0054) hopes the proceeds from spinning off its local property unit will reduce debts, managing director Thomas Jefferson Wu Man-sun said yesterday.

Sinopec unit hit on debut but remains upbeat
Sinopec Engineering (2386), the largest local initial public offering this year, sank as much as 2.9 percent below the listing price during its trading debut yesterday.

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