Issue: May 17, 2012 (Archive)

Saturday, May 25, 2013

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HSI plunges on Europe's woes
Hong Kong stocks plunged to a four-month low yesterday as the eurozone crisis showed no signs of abating.

Sales keep CRE and DCH buoyant
Consumer-goods conglomerate China Resources Enterprise (0291) booked a HK$1.2 billion net profit in the first quarter, up 55 percent from a year back.

Telco chairman slams price wars
China Mobile (0941) chairman Xi Guohua has slammed competitors for provoking a price war in both the second and third generation mainland mobile phone markets.

New loans nearly stalled at China big four
The big four state-owned mainland banks recorded little or no new-loan growth in the first half of the month from the same period in April, signaling a slowdown in the world's second-largest economy.

City Rail upbeat despite stock plunging on debut
Shares of China City Railway Transportation Technology Holdings (8240) plunged 27 percent on their debut yesterday. The company, which is involved in the design, implementation and maintenance of application solutions for Beijing's underground rail system, raised HK$174.3 million from the float.

Equities timid on Greek odyssey
I have been taking a cautious stance on Hong Kong stocks for the past few months. It has proved to be the right strategy.

Jewelry picks hit by wage fears at leader
Local jewelry and apparel stocks fell on reports of impending salary cuts at Chow Tai Fook Jewellery Group (1929).

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