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  • April 24, 2014
  • Last updated: 12:14am
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  1. Property - Hong Kong & China - EARNINGS

    Hopson Development profit soars but still underperforms

    Posted Mar 28th 2014, 01:41am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Drop in contracted sales overshadows 82pc jump in mainland developer's core income Hopson profit soars but still underperforms Hopson Development's underlying profit and revenue rose last year, but the company underperformed the mainland property market with weak sales and strained liquidity, keeping it vulnerable to a new industry ...

  2. Property - Hong Kong & China - EARNINGS

    Developer K Wah gears up to boost investment property stock

    Posted Mar 27th 2014, 01:01am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Move will increase recurring income, says chairman, after developer's underlying profit tumbles to HK$1.39 billion from HK$4.13 billion K Wah gears up to boost investment property stock Hong Kong-listed developer K Wah International plans to expand its investment property portfolio and speed up its development cycle after recording a 66.34 per ...

  3. Property - Hong Kong & China - EARNINGS

    New World Development's net profit dives 54.6 pc in first half

    Posted Feb 26th 2014, 02:55pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Developer blames sharp fall in revaluation gains for the performance as it maps strategy to counter negative effect of property cooling measures New World net dives 54.6 pc in first half New World Development's first-half net profit plunged 54.6 per cent, but the company said it would take measures to offset the negative impact ...

  4. Property - Hong Kong & China - EARNINGS

    Lack of developments a drag on Sino Land's net profit

    Posted Feb 27th 2014, 01:35am by Peggy Sito

    ... to a lack of development profits and the high earnings achieved a year earlier. The company, which is chaired by Singaporean Robert Ng Chee Siong, reported core interim earnings of HK$2.48 billion, ... at Pak Shek Kok, which were completed in previous financial years. Despite the lack of development profits booked in the first half, the launch of the uncompleted The Avenue Phase Two development ...

  5. Property - Hong Kong & China - EARNINGS

    Developers expected to report weaker earnings

    Posted Feb 24th 2014, 04:32am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Analysts put blame on lack of revenue from new residential projects Developers to report weaker profits Falling profits are expected to mark Hong Kong developers' contribution to the reporting season that gets under way this week. Analysts are pencilling in declines in underlying earnings of as much as 49 per cent from the year-earlier periods- ...

  6. Property - Hong Kong & China - EARNINGS

    Nan Fung finds ways to reduce construction costs

    Posted Apr 01st 2014, 02:49pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Soaring labour charges and limited prospect for higher home prices forcing developer to adopt strategies to boost productivity and cut costs Nan Fung mulls ways to keep profit margins Facing soaring construction costs and falling property prices, Nan Fung Development has had to adopt new strategies to maintain its profit margins. Donald Choi ...

  7. Business - China Business - EARNINGS

    Unicom's 74 pc profit jump beats estimates

    Posted Apr 18th 2014, 01:17am by Sophie Yu

    ... along with the other two mainland telecommunications giants, has a licence to operate only on TD-LTE, a standard developed by Beijing. FDD is a more widely adopted 4G standard internationally. ...

  8. Business - Companies - EARNINGS

    Hardware sector to remain a drag on IBM as quarterly revenue hits 5-year low

    Posted Apr 18th 2014, 01:17am by Reuters

    ... business- Silverpop, a developer of cloud-based marketing software, and cloud-based database software startup Cloudant. ...

  9. Property - Hong Kong & China - EARNINGS

    Evergrande Real Estate sees future in smaller cities as earnings rise

    Posted Apr 01st 2014, 01:14am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Mainland developer boosts core income 66.3pcon aggressive push into more developed areas Evergrande sees future in smaller cities as net rises Evergrande ... aggressive expansion into economically more developed cities last year. The mainland's third-largest developer by sales bought 66 land parcels last year, of which 34 were in upper tier cities, ...

  10. Property - Hong Kong & China - EARNINGS

    Wheelock sticks to property sales target of HK$10b

    Posted Mar 29th 2014, 01:14am by Peggy Sito

    ... market DOUGLAS WOO, CHAIRMAN, WHEELOCK The company's hopes hinge on the proposed sale of three developments, including the second phase of a residential project at Austin Station, an office tower at One Bay East in Kwun Tong and a smaller residential development, Lexington Hill, in Kennedy Town. Chairman Douglas Woo Chun-kuen said Wheelock managed to achieve property sales of HK$10 ...




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