Issue: June 19, 2012 (Archive)

Thursday, May 23, 2013

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HSI highest in month thanks to vote relief
Hong Kong shares closed at a one- month high yesterday, with risky assets back in favor after pro-bailout parties won a slim majority in the Greek election, a result seen as crucial to European leaders' efforts to hold the euro together.

SFC says so long to short selling sneaks
Going short without informing the regulator of your position is no longer allowed under rules effective yesterday.

L'Occitane looks good even as sales get ugly
L'Occitane International (0973) said earnings for the year rose 21 percent, driven by surging sales in China.

Times stark for shipper, retailer
Two companies posted profit warnings yesterday.

Samsonite refutes report as shares pack rebound
Samsonite International (1910), the world's largest branded-luggage maker, jumped 7.6 percent after the company said its products were safe following the Hong Kong Consumer Council's report that some models contained carcinogen.

State-owned units vie for attention
Two spinoffs of mainland state-owned companies will open their retail books this week.

Jobless dips despite murky outlook
Hong Kong's jobless rate fell slightly to 3.2percent in the March-May period, from 3.3percent in February-April, backed by improved hiring in transport and retail sectors.

China Overseas unit clinches URA project
China Overseas Land & Investment (0688) won the tender to redevelop the Pak Tai Street-Mok Cheong Street project in Ma Tau Kok, the Urban Renewal Authority said yesterday.

Guangzhou site fetches record
Evergrande Real Estate Group (3333) bought a plot paying a premium of 170 percent yesterday, making it the most expensive site in Guangzhou.

Short respite opens door for quick sale
The very modest victory in Greece of pro-bailout parties does not signal the end of the crisis for that beleaguered nation.

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