Issue: February 28, 2012   (Archive)
Wednesday, May 22, 2013   

Hang Seng Bank robust
Hang Seng Bank (0011) eased market concerns over its capital resources yesterday after announcing an improved capital adequacy ratio and maintaining a stable dividend payout.



Europe banks timid on lending
The euro zone avoided a credit crunch in January but banks showed scant sign of lending on the funds they snapped up at the European Central Bank's first 3-year lending operation to firms, which were starved of investment funds.

It's a matter of trust as reality intrudes
The Group of 20 wants to give the IMF US$2 trillion (HK$15.5 trillion) in April. If this happens, all future financial crises could be solved immediately through IMF help. This is too good to be true. Where would the money come from?

Shoppers power healthy Lifestyle
Sogo department store operator Lifestyle International Holdings (1212) booked a net profit of HK$1.88 billion last year, up by 34 percent thanks to a retail boom in Hong Kong.

HSBC to ease job-cut plans
HSBC Holdings (0005) may fire fewer than the 30,000 people it projected last year, according to chief executive Stuart Gulliver.

HKT Trust dials 32pc profit jump
HKT Trust (6823), the telecom business spun off from PCCW (0008), reported a better-than- estimated 32 percent rise in net profit to HK$1.22 billion last year.

Xinyi Glass shares crash as earnings drop 19.5pc
Shares of Xinyi Glass Holdings (0868) fell 5.83 percent yesterday after the company reported a sharp drop in its net profit last year due to a price war.

CLP dividends stay amid dip
Power producer CLP Holdings (0002) maintained a high dividend payout ratio last year even as earnings slumped more than 10 percent due to one-off losses at its overseas projects.



© 2013 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2013, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Statement and Copyright Policy.  Please also read our Ethics Statement.