Issue: August 07, 2012 (Archive)

Thursday, May 23, 2013

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Hysan Place bullish on offices
The developers of Hysan Place believe the mixed-use project will see rapid take-up of the remaining 60 percent of office space.

Sportswear firm leaps after beating forecasts
Shares of ANTA Sports Products (2020) surged 17.15 percent yesterday - the sharpest gain since November 2008 - after announcing its first-half earnings beat forecasts.

Healthy Lifestyle pays with surge in growth
Shopping mall operator Lifestyle International Holdings (1212) booked a 13percent year-on-year growth in its first- half net profit despite a weak performance in its mainland business.

Prada looks good as revenue jumps 36pc
Italian fashion house Prada (1913), which competes with Louis Vuitton and PPR's Gucci, posted a 36.5 percent jump in first-half revenue, buoyed by strong growth in Asia, with sales driven mainly by its Prada and Miu Miu brands.

Milld optimism reigns in markets
US and European shares rose yesterday as European and IMF inspectors said Greece made progress on its debt bailout program, helping spur equities to build on gains from the previous session's rally driven by European Central Bank plans to help borrowers under pressure.

Techtronics taps cash
Techtronics Industries (0669) launched a share placement seeking up to HK$603 million, a week before announcing its interim results.

HKEx defends `secret' decision
Hong Kong Exchange and Clearing (0388) yesterday defended its decision to allow China High Precision Automation (0591) to resume trading.

Pinball firm off to shaky start
Shares of Dynam Japan Holdings (6889) closed 10 percent lower than its offer price during its trading debut yesterday.

Stay upbeat and head for mainland stores
Better US non-farm payroll data sparked a rebound in stocks around the world. The Hang Seng Index surged 1.6percent to 19,998.

China Life sees profits ebb away
The nation's largest insurer has warned that earnings may slide to as low as 3.53 billion yuan (HK$4.3 billion) in the second quarter.

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