Issue: June 27, 2012 (Archive)

Friday, May 24, 2013

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Chow Tai Fook shimmers
Chow Tai Fook Jewellery Group (1929), posted a higher-than-expected 79.2 percent rise in annual earnings as it reported financial results for the first time since listing in December.

Green light at last for Hopewell tower
A hotel and commercial project by Hopewell Holdings (0054) that became a lightning rod for public criticism over height and traffic concerns, delaying its progress for nearly two decades, is to finally get off the ground.

Longfor spends 1.7b yuan on first southern foray
Longfor Properties (0960) bought three land plots in Fujian province, marking its first foray into southern China.

Investors cast doubt on euro summit
Stocks were little changed yesterday, while the euro fell to a two- week low against the US dollar on investors' doubts that European leaders would make meaningful progress on the debt crisis at a summit this week.

Mortgage borrowing hits high
The average mortgage drawn down reached an all-time high of HK$2.57 million as home prices reached new highs.

Shanghai woes no surprise
In the past two years, several of Hong Kong's famous stock commentators have predicted the bull market will return to Shanghai A shares.

Coal miner digs deep to pass institutional test
Inner Mongolia Yitai Coal will pitch its proposed H share public float today to institutional investors.

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