Issue: July 06, 2012 (Archive)

Wednesday, June 19, 2013

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Commercial buildings win favor on interest rates dive
The low-interest environment is inspiring high-end buyers to splash out on commercial buildings.

Warning by developer as home sales plunge
Small-sized developer SPG Land (Holdings) (0337) filed a profit warning yesterday, expecting a bleak first half due to the slowdown in the property sector nationwide.

Fund managers bullish on stocks as euro fears ebb
Global fund managers want to move into equities from bonds in the third quarter, the latest HSBC survey shows, as 40 percent of those polled are bullish on stocks.

Early gain for Merry Garden
Merry Garden (1237), which starts trading on the main board today, closed 1 percent above its offer price in the gray market yesterday.

Get on right track when index dips
Technically, the Hang Seng Index is not doing so badly. Since it hit a low 18,056 in early June, it steadily rose back to 19,800.

Melco takes a gamble on Philippines
Melco Crown Entertainment (6883) plans to spend HK$4.5 billion on developing gambling and entertainment facilities in the Philippines.

HKEx commodity trade platform eyed
The Hong Kong stock exchange will launch a new platform offering commodity trading and settlement within the Asian time zone, Ronald Arculli, former chairman of the local bourse operator, said.

Shares surge as Li Ning steps in
Shares of Li Ning (2331) surged yesterday after its chief executive stepped down and private-equity firm TPG Capital said it could boost investment in the sportswear retailer if needed.

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