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  1. Strong result for Cheung Kong

    Posted Mar 30th 2011, 12:00am by Peggy Sito

    ... square feet of gross floor area. But he declined to comment when asked if he would buy company shares today after the results announcement. Cheung Kong's shares rose 0.5 per cent to HK$122.50 yesterday before the earnings announcement. The stock gained 2.2 per cent so far this year and is the second-best performer in the Hang Seng Property Index. Room to grow Globally, Cheung ...

  2. Li gets numbers right as 3G finally brings home a profit

    Posted Mar 30th 2011, 12:00am by Paggie Leung

    ... Paggie Leung A relieved Li Ka-shing announced his company Hutchison Whampoa was increasing its dividend payout for the first time in a decade after its 3G mobile-phone unit made its first ... year before interest expenses and taxation- its first full-year positive earnings and a marked turnaround from its loss of HK$8.92 billion in 2009. The figure included two one-off gains: ...

  3. In Brief

    Posted Mar 31st 2011, 12:00am by Staff Reporter

    ... yesterday reported hefty gains last year on strong domestic demand and exports. The Guangdong-based company said net profit last year jumped 204.3 per cent to 632.35 million yuan (HK$749.97 million) ... earnings Shui On Construction and Materials (Socam) yesterday said net profit rose 12 per cent to HK$903 million last year, largely driven by property sales. Turnover soared 151 per cent to HK$8 ...

  4. China Southern banks on fleet expansion

    Posted Mar 30th 2011, 12:00am by Anita Lam

    ... profits. Jet fuel costs rose 43.4 per cent to 23.49 billion yuan (HK$27.92 billion) last year, making up almost 40 per cent of the company's operating expenses, although the company managed ... about 13 per cent of its passenger revenue last year. President and chief executive Tan Wangeng said the contributions of international routes to earnings would more than double to about 30 per ...

  5. R&F Properties sets sights on major financing boost after surge in profit

    Posted Mar 25th 2011, 12:00am by Sandy Li

    ... said the fund-raising would amount to 'billions of dollars' and would be announced next month. He gave no further details. The group said core earnings from property development ...

  6. Casino bosses' HK$3.5b winning streak

    Posted Mar 17th 2011, 12:00am by Staff Reporter

    ... Ho Chiu-ha, Josie Ho Chiu-yee and Lawrence Ho Yau-lung. Ho and feuding relatives last week announced the battle for control of his vast fortune had been resolved. But industry observers ... in recession-hit 2009. Revenue surged 68 per cent to HK$57.65 billion, with gaming revenue accounting for 99.2 per cent of the total. Earnings before interest, tax, depreciation and amortisation (ebitda) ...

  7. In Brief

    Posted Mar 10th 2011, 12:00am by Staff Reporter

    ... manufacturer Changfeng Axle fell 3 per cent yesterday after the company announced its first annual results following its initial public offering in September last year. Changfeng said sales rose 64.6 ... Mitsubishi Electric to set up vehicle parts plant in Jiangsu Japan's Mitsubishi Electric is investing US$30 million to establish a company in Jiangsu province as part of a plan ...

  8. China Mobile eyes aggressive expansion

    Posted Mar 17th 2011, 12:00am by Staff Reporter

    ... Bien Perez China Mobile, spurred by steady gains last year, has raised its capital spending this year to mount an aggressive expansion of infrastructure and services, including extensive trials of its advanced fourth-generation wireless system. The world& ...

  9. Change at Alibaba.com's helm seen as positive, but share price tumbles

    Posted Feb 23rd 2011, 12:00am by Staff Reporter

    ... termination of about 1,200 premium-paying China Gold Supplier members who had either committed fraud or were potential fraudsters, which the company disclosed in its third-quarter earnings report ... Bien Perez While analysts saw Alibaba.com's appointment of a new chief executive as a fresh start, the company's shares fell sharply yesterday following the discovery ...

  10. Fulbond shares climb 9.5pc on car-making plan

    Posted Feb 08th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Shares of Fulbond Holdings jumped 9.5 per cent to 2.3 HK cents in heavy trading yesterday after the loss-making timber company announced plans to invest at least 3.1 billion yuan (HK$3.66 billion) to reinvent itself as a maker of electric vehicles. More than 2.81 billion Fulbond shares were traded. Fulbond said in a Hong Kong stock exchange announcement yesterday ...




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