Issue: March 29, 2012   (Archive)
Saturday, May 25, 2013   

BoCom profit lift for share sale
Bank of Communications (3328), the mainland lender planning the world's biggest share sale since May, posted a 30 percent increase in full-year net income last year to 50.7 billion yuan (HK$62.48 billion).



Balance-sheet fears hammer mainland picks
Investors unnerved by the deteriorating financial health of non- state enterprises listed in Hong Kong offloaded their shares in a dramatic sell-off yesterday.

Weak durable goods data temper Dow
US stocks were flat as a weaker- than-expected reading on durable goods orders offset hopes that high oil prices could fall, removing a headwind to the economic recovery.

CNOOC earnings hit record high on oil price surge
Net profit at China's top offshore oil producer CNOOC Ltd (0883) soared 29 percent last year to a record high as crude oil prices surged, although output was flat due to an oil spill.

Capital proposition in convertible bond
Investment bankers structure clever transactions for firms in need of capital.

Evergrande lives up to name
China's third largest developer by sales, Evergrande Real Estate Group (3333), doubled net income for last year to 11.4 billion yuan (HK$14 billion), or 50.6 fen per share.

Singapore CW delays listing
Allegations of trademark infringement and passing-off of the firm's Chinese name have forced Singapore-based CW Group to postpone its Hong Kong listing

Sing Tao News Corp hikes dividend pay
Sing Tao News Corp (1105), which publishes The Standard, raised the dividend payout by 12 percent as the top line in its media business expanded in a tough, competitive environment.

Earnings jump 52pc at largest non-life insurer
Improved underwriting income helped PICC Property and Casualty (2328) lift earnings by 52 percent last year.



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