Issue: July 17, 2012 (Archive)

Monday, May 20, 2013

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Cheung Kong well on target
Cheung Kong Holdings (0001) has already met more than half its sales target for the year, having sold HK$17 billion worth of new homes so far.

First A-share ETF kicks off trading
China Asset Management (Hong Kong) starts trading its exchange-traded fund linked to mainland equities on the local bourse today.

Shares of BYD and ZTE Corp take a beating
Shares of BYD Company (1211) and ZTE Corporation (0763) plunged yesterday.

Stocks, euro fall as investors fret
World stocks slipped yesterday after a surprise drop in US retail sales in June and the euro hit a 3-year low against sterling as investors fretted about the delay in making bailout funds accessible to troubled euro zone states.

Rallies on Wall Street should not spur any excitement
Normally when US stocks rally Hong Kong equities follow suit on the next trading day.

SHKP shares fall 1pc over bribery case
Shares of Sun Hung Kai Properties (0016) fell just 1 percent on the first day of trading after its co-chairmen were hit with bribery charges by the Independent Commission Against Corruption.

Fortune sees 15pc investment return
Fortune Real Estate Investment Trust (0778) expects an investment return of at least 15 percent after the renovation at Fortune City One mall is completed by December.

Investors fret over stocks and property
Local investor confidence is shaky going into the second half amid worries about the stock market and a property bubble.

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