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  • October 2, 2014
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  1. Business - Companies - EARNINGS

    Hong Kong Jockey Club seeks higher returns from alternative investments

    Posted Sep 16th 2014, 03:23am by Enoch Yiu

    ... funds for higher returns The Hong Kong Jockey Club says it increased its alternative investments last year, seeking to achieve better returns than traditional investments in bonds and equities. ... investments are properly hedged to make sure the Jockey Club does not bear too high a risk," he said. The city's de facto central bank, the Hong Kong Monetary Authority, has also increased ...

    http://www.scmp.com/business/companies/article/1593468/hong-kong-jockey-club-seeks-higher-returns-alternative
  2. Property - Hong Kong & China - EARNINGS

    SHKP sees tough times ahead for property developers in Hong Kong

    Posted Sep 13th 2014, 04:08am by Sandy Li

    ... would escalate further next year and bidding for land would also heat up. The company said it aimed to complete 30 per cent more flats in Hong Kong during this financial year, taking the total ... to meet market demand. "With the changing of the Hong Kong family size, demand for units to accommodate a family of two to three is stronger than the previous five to six people," Wong ...

    http://www.scmp.com/property/hong-kong-china/article/1591291/shkp-sees-tough-times-ahead-property-developers-hong-kong
  3. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... in its main markets, and a slowdown in Hong Kong retail spending. Net profit for the year ended February was down to HK$280 million, compared to HK$385 million the year before. Turnover increased ... and accessories, IT sells upmarket European and Japanese brands in addition to its own in-house labels such as 5cm, B+ab and Izzue. Now in its 26th year, Hong Kong is its primary market, making up 54 per ...

    http://www.scmp.com/business/companies/article/1518235/fashion-retailer-it-sees-profits-plunge-over-hong-kong-slump
  4. Business - Companies - EARNINGS

    Esprit reverses huge loss with HK$210m net profit on cost cuts

    Posted Sep 24th 2014, 03:47am by Sophie Yu

    ... dropped 6.5 per cent to HK$24.2 billion from HK$25.9 billion as the company closed some unprofitable stores. The Hong Kong-based company also forecast a better profit margin as it would ... doesn't help it very much compared with brands like Zara and H&M." Turnover of Esprit branded products declined 5.5 per cent in Hong Kong dollar terms. Esprit said in a filing to the Hong ...

    http://www.scmp.com/business/companies/article/1599098/esprit-reverses-huge-loss-hk210m-net-profit-cost-cuts
  5. Business - Commodities - EARNINGS

    Brightoil returns to the black with HK$599m profit

    Posted Sep 25th 2014, 09:51am by Eric Ng

    ... million in the 12 months to June 30, compared to a loss of HK$721.65 million in the previous year, it said in a filing to Hong Kong’s stock exchange. Revenue surged 52.4 per cent year-on-year ...

    http://www.scmp.com/business/commodities/article/1600045/brightoil-returns-black-hk599m-profit
  6. Business - Companies - EARNINGS

    Natural Dairy narrows loss

    Posted Sep 24th 2014, 09:28am by Eric Ng

    ... suspended since early September 2010, pending the release of inside information stemming from an anonymous complaint to Hong Kong’s stock exchange. Ye Fang, the wife of Natural Dairy’s former ...

    http://www.scmp.com/business/companies/article/1599268/natural-dairy-narrows-loss
  7. Business - Companies - EARNINGS

    New World cautious with new target despite record sales

    Posted Sep 24th 2014, 03:30pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Developer's net profit slumps 31.3pc on the back of decline in property revaluation gains, though contracted sales were double the set target New World cautious despite record sales New World Development kept a conserva ...

    http://www.scmp.com/business/companies/article/1599515/new-world-developments-net-plunges
  8. Business - China Business - EARNINGS

    New World China cuts sales target after net profit inches up 0.5pc

    Posted Sep 23rd 2014, 02:39pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Mainland developer's full year net profit flat at HK$4.64b, prompting it to cut 2015 sales target by 15pc amid challenging market conditions New World cuts sales target on flat net growth New World China Land, the mainl ...

    http://www.scmp.com/business/china-business/article/1598678/new-world-china-beats-forecasts-05pc-rise-net-profit
  9. Property - Hong Kong & China - EARNINGS

    SouFun falls amid price incentives for homebuyers

    Posted Sep 19th 2014, 05:34am by Bloomberg

    ... Bloomberg in New York SouFun falls amid price incentives for homebuyers SouFun shares are posting the longest streak of losses since 2011 in US trading on concern the new price incentives that the Chinese real estate website is offering homebuyers will er ...

    http://www.scmp.com/property/hong-kong-china/article/1595555/soufun-falls-amid-price-incentives-homebuyers
  10. Business - Companies - EARNINGS

    Shun Tak boosts first-half core profit 225.6pc on strong property sales

    Posted Aug 29th 2014, 02:25pm by Yvonne Liu

    ... in the results announcement that three new property projects in Beijing, Hong Kong and Macau were expected to generate a promising revenue stream for the group over the medium term. ... visitor numbers for Macau. The division’s operating profit rose 20 per cent to HK$42 million. The company generated a gain of HK$216 million from investments. The sale of the remaining flats ...

    http://www.scmp.com/business/companies/article/1581679/shun-tak-boosts-first-half-core-profit-2256pc-strong-property

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