Sun Hung Kai Properties

Lai See

PUBLISHED : Tuesday, 04 April, 2006, 12:00am
UPDATED : Tuesday, 04 April, 2006, 12:00am

SHKP right at home in sevens fun scrum as JP morgan takes sickie

Aside from the miracle comeback of the England team which beat Fiji for the Rugby Sevens championship, here are other things worth remembering about this year's annual three-day frenzy.

This year, Lai See had the luxury of box-hopping, picking our favourites for awards.

For the best-designed VIP box, we chose Sun Hung Kai Properties, which dressed up its 300-square-foot space to look like a show flat at its Arch project in West Kowloon, complete with all the amenities, including a sparkling toilet - exclusively for those who are flush with cash.

Other attention-grabbing gimmicks that deserve honourable mention are CLSA's hot cheerleading team, Morgan Stanley's Superman's ring, Citigroup's Zorro outfit, ABN Amro's yellow Chinese Communist caps, and Deutsche Bank's mermaids in blue wigs.

The worst VIP box design award goes to JP Morgan, which turned its space into a veritable hospital emergency room, offering lab coats to clients and nursing them with beer in beakers, some of which mysteriously ended up in the men's washroom. We spared JP Morgan the question of whether it was into recycling.

Special thanks to ABN Amro, as its public relations team gave us the best hospitality - and smiles - we could have received as downtrodden journalists mingling with bankers. Also, hats off to Cathay Pacific's professionalism - they asked Lai See for a passport (with nary a smile) and, as we failed to show the proper papers, denied us entry.

For details, please check our vidcast at, tomorrow.

merrill on a winner long ago

Among the investment banks at the Sevens, Merrill Lynch is probably the most affiliated with the champion England team. Lai See has scanned the firm's photo album of England captain Simon Amor with several executives, including Asian equity head Paul Masi and equity-derivatives team leader Serina Wong. It turns out that Angus Innes, who works in Japanese equity sales in London, played rugby with Simon in their university days.

best longest answer: Chen Tonghai

This will probably go into Lai See's corporate book-keeping files as the longest single answer ever given at a results press conference.

Quizzed about the implications of China's new windfall tax on oil and gas, Sinopec chairman Chen Tonghai gave a 45-minute mini-lecture, including lessons on history, the discrepancies between domestic and international oil prices, and recent changes made by the Ministry of Finance and the State Administration of Taxation.

Reporters were highly impressed with Mr Chen's clarity of delivery.

All the more impressive that the crisp lecture on national policy was given not by a government official but by a corporate suit. Still, given his scholarly approach, Mr Chen was only able to answer two questions.

China takes the lead over BOC

The empire strikes back. While news of Bank of China's upcoming initial public offering had been all over international media, we are pleased to see the China Securities Journal finally taking the lead.

Yesterday, the mainland's reputable news source ran a story revealing details of the roadshow and scheduled May listing, the sponsors, financial advisers and recipient banks. Of course, the deal size was omitted, as it would have violated Hong Kong's listing rules. Expect more breaking stories from our comrades.

what's in a name? ask china mobile

It doesn't need a name change to impress its shareholders and boost its stock price, but China Mobile (Hong Kong) has proposed a rechristening to just plain China Mobile next month to better reflect its businesses in 31 mainland provinces and in Hong Kong.

To recap, China Mobile was listed in 1997 as China Telecom (Hong Kong) and then China Mobile (Hong Kong) in 2000. The counter closed yesterday at $42.05 - a five-year high for a champion horse with a new name.