Issue: February 29, 2012 (Archive)

Thursday, June 20, 2013

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SHKP earnings jump 13pc
Sun Kung Kai Properties (0016) aims to sell HK$32 billion worth of homes in the 2012-13 fiscal year, just as in the current year, as the developer reported a 13 percent increase in interim underlying profit.

Fujian pork supplier aims for retail investors
China Putian Food Holdings opens for retail subscriptions today, aiming to raise HK$306 million in an initial public offering in Hong Kong.

ECB exit plan urged on eve of LTRO
The European Central Bank should think about an exit strategy after its massive cash injections, its governing council member Ewald Nowotny said yesterday, warning the offerings should not be repeated "several times."

Operating profits dim picture for NWS
Public bus and ferry services operator NWS Holdings (0659) reported HK$3.4 billion net income for the six months ended December 31, up 43 percent from the same period in 2010.

PCCW dividends up amid earnings slip
PCCW (0008) raised its dividend payout despite a near-17 percent slump in net profit last year.

Select sectors turn favorable again
Investors drove the Dow Jones Industrial Average to a three-year high after data signaled more Americans were buying homes in the secondary market. The National Association of Realtors Index rose to a near two-year high of 97 in January, flagging a revival in the US housing market.

Sino income rises despite sales dip
Blue-chip property developer Sino Land (0083) booked underlying net profit of HK$2.48 billion, or 42.78 HK cents per share, for the six months ended December 31, up 2 percent from the same period in 2010.

BYD profit tumbles 44pc as competition heats up
Mainland car maker BYD (1211) said yesterday its net profit in 2011 fell by 44 percent from a year earlier due to fierce competition in the world's largest auto market and a sharp fall in photovoltaic product prices.

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