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  • October 24, 2014
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  1. Yuan under scrutiny as benefits of float mount

    Posted Jul 22nd 2003, 12:00am by David Robinson

    ... and CNOOC's $260 million. BNP Paribas analyst Eva Chu Wen-yee said appreciation would affect all listed companies that reported their earnings in yuan, as the translation into US dollars would lead ...

  2. Upgrades and downgrades

    Posted Oct 07th 2003, 12:00am by David Robinson

    ... BUY China Unicom ING Financial Markets has upgraded the mainland mobile-phone carrier to 'buy', saying it expected a rising return on equity, positive free cash flow and an end to margin contraction in its code division multiple access (CDMA) bu ...

  3. Asia funds focus lifts HK stocks

    Posted Oct 03rd 2003, 12:00am by David Robinson

    ... Hang Seng Index hits 16-month high as confidence deepens Global funds reallocating capital to Asia sent Hong Kong stocks soaring yesterday as bullish investors bet on a regional economic revival following fresh indicators of strength in the United States ...

  4. China majors mixed on Opec decision

    Posted Sep 26th 2003, 12:00am by David Robinson

    ... The shares of China's big three Hong Kong-listed oil firms saw a mixed reaction to news that the Organisation of Petroleum Exporting Countries had unexpectedly agreed to cut production quotas by 3.5 per cent. PetroChina, the nation's largest oil ...

  5. Sinopec paces slide in H shares

    Posted Aug 26th 2003, 12:00am by David Robinson

    ... Shares of China's largest oil refiner, China Petroleum & Chemical (Sinopec) fell 8.08 per cent to $2.275 yesterday after the state-owned company posted a lower than expected second-quarter net profit of 4.28 billion yuan (HK$4.01 billion), down 1 ...

  6. Rescue hopes lift property sector

    Posted Aug 02nd 2003, 12:00am by David Robinson

    ... Promises of government measures to boost the struggling industry lure investors, with second-tiers rising the most Property stocks rose strongly yesterday after a government announcement that it plans to introduce new measures to boost the struggling sect ...

  7. Brakes slam on property rally

    Posted Jul 24th 2003, 12:00am by David Robinson, Peggy Sito

    ... Property stocks tumbled yesterday as investors concluded their recent post-Sars surge had exceeded fundamentals. Henderson Land, Hong Kong's third-biggest developer, slumped 3.96 per cent to $24.20. Sun Hung Kai Properties, the territory's bigge ...

  8. Chu Kong on quest for acquisitions

    Posted Mar 24th 2012, 12:00am

    ... Eric Ng Eric.mpng@scmp.com Chu Kong Petroleum and Natural Gas Steel Pipe is seeking to acquire steel pipe makers serving the infrastructure and water industry. The Panyu, Guangdong-based ... The Colombian government may also ask for bids for 300,000 tonnes of steel pipes for gas pipelines in the next few years. Chu Kong delivered 150,000 tonnes to the South American nation last year. ...

  9. Chu Kong expects to do better this year

    Posted Mar 31st 2011, 12:00am by Eric Ng

    ... Eric Ng Chu Kong Petroleum and Natural Gas Steel Pipe Holdings expects better fortunes this year after posting an 82.5 per cent net profit plunge last year as a result of delayed global ... for 39 per cent of the total. Executive director Lilian Chen Zhaonian expected this year's overall gross margin to rise to between 17 and 22 per cent. Chu Kong plans to bid in April ...

  10. Chu Kong joins profit-warning bandwagon

    Posted Jul 30th 2010, 12:00am by Amanda Lee

    ... Amanda Lee Chu Kong Petroleum and Natural Gas Steel Pipe Holdings, which raised HK$1.09 billion in an initial public offering in February, has warned that it expects to report a 50 per ... reduced'. Many listing prospectuses, including Chu Kong's, showed steady growth in revenue and profits in the last three years. 'Many investors would rely on the listing prospectus ...




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