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  • November 29, 2014
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  1. Business - Companies - EARNINGS

    China Resources Enterprise sinks into losses

    Posted Nov 14th 2014, 03:09pm by TIFFANY AP

    ... business," CRE said in the statement. "The group reiterates its confidence in its retail business development in the long run, upon its partnership with Tesco, for which there are more untapped ...

  2. Business - Companies - EARNINGS

    Harmony Gold mulls job cuts as gold price slumps

    Posted Nov 06th 2014, 06:08am by Reuters

    ... "significantly lower" investment than previous estimates which called for spending of almost US$6 billion to develop the mine. Costs will be shared with joint-venture partner Newcrest Mining. ...

  3. Business - China Business - EARNINGS

    Baidu boosts net profit 27pc after mobile search milestone achieved

    Posted Oct 30th 2014, 11:04am by BIEN PEREZ

    ... The mainland's online-to-offline market development has become a close race between Alibaba Group Holding, Tencent Holdings and Baidu. Their competing initiatives are expected to help expand ... in a report Baidu's investment "may be towards sales and marketing spending and promotional campaigns, with a steady increase in research and development spending". The "Baidu ...

  4. Business - China Business - EARNINGS

    China Telecom in catch-up mode on 4G services

    Posted Oct 28th 2014, 02:30pm by BIEN PEREZ

    ... Telecom and China Unicom to conduct pilot testing of networks based on the world's two recognised 4G standards. One is the mainland-developed standard called time-division long-term evolution ... from a year ago. "We expect the government to further expand the scope of 4G network trials for both China Telecom and Unicom based on recent development," said Ricky Lai, a research ...

  5. Property - Hong Kong & China - EARNINGS

    Lai Sun Development earnings driven by rentals and property sales

    Posted Oct 17th 2014, 05:29am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Sales and rentals drive Lai Sun profit Lai Sun Development recorded core earnings of HK$333.2 million for the year to July, driven by stronger rental income and property sales. The company posted an underlying loss, excluding property revaluations, of HK$201.4 million a year earlier. For the year to July, the group, which owns three investment properties ...

  6. Business - Companies - EARNINGS

    Shenyang Public Utility shares plunge after share-sale plan scrapped

    Posted Oct 24th 2014, 12:34pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares in Shenyang Public Utility plunged as much as 50 per cent on Friday after the mainland developer cancelled a plan to issue new domestic shares. Since ... management business. The developer announced its decision not to proceed with the share sale in a statement to the stock exchange on Thursday night. Share in Shenyang Public Utility, which had been ...

  7. Business - China Business - EARNINGS

    China Overseas Land & Investment lifts operating profit 13.4pc

    Posted Oct 21st 2014, 01:55pm by Sandy Li

    ... months of the year. Turnover jumped 12.6 per cent from the same period last year to HK$61.18 billion on strong sales, the developer said in a filing with the stock exchange on Tuesday. In a tough ... of the broader market. The developer bought five sites – in Tianjin, Wuxi, Kunming, Xian and Guangzhou – for a total of HK$9.5 billion in the third quarter. Shares in China Overseas Land were down 0.7 ...

  8. Business - Companies - EARNINGS

    Hutchison Harbour Ring profit dives

    Posted Oct 21st 2014, 10:29am by TIFFANY AP

    ... Promising Land International and Uptalent Investments, is in talks with Shenzhen-listed developer Oceanwide Holdings to sell the units’ combined 71.4 per cent stake in Harbour Ring for between ...

  9. 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 conservative target for contracted sales in the fiscal year to June 2015, even though its contracted sales hit a record in the previous ...

  10. 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 mainland property arm of New World Development, said it cut its sales target for the current financial year by 15 per cent given ...




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