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  • July 12, 2014
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  1. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... Gayle, a senior investment strategist at RidgeWorth Investments. "They're trying to slow down some of the more inflationary real-estate-related sectors and improve overall average ...

  2. Business - Banking & Finance - EARNINGS

    Tough road ahead for HSBC as first quarter 2014 profits down 20pc

    Posted May 08th 2014, 01:15am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Investment banking slowdown and accounting change to weigh on results Tough road ahead for HSBC Earnings at HSBC are set to remain under pressure for at least two more quarters as a change to the way it accounts for a key Chin ...

  3. Property - Hong Kong & China - EARNINGS

    Link Reit distributable income jumps 14pc

    Posted Jun 04th 2014, 02:10pm by Peggy Sito

    ... after drops of 1.3 per cent in March and 2.3 per cent in February. "Retail sales in Hong Kong may slow down in the coming months, but sales growth in non-discretionary items (major items ...

  4. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

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

    ... Tiffany Ap tiffany.ap@scmp.com Profits at fashion firm IT drop in HK slump Fashion retailer IT's profit fell 27.3 per cent year on year as it faced rising rental and labour costs 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 ...

  5. Business - Banking & Finance - EARNINGS

    HSBC expects to increase dividend

    Posted May 20th 2014, 12:56am by Jeanny Yu

    ... as "simpler, leaner" than it was in 2011, when he took the helm and set out on a restructuring strategy for the bank that included plans to shut down unprofitable businesses globally and cut ...

  6. Business - Companies - EARNINGS

    SJM shares fall to eight-month low after revenue misses estimates

    Posted May 14th 2014, 01:20am by BLOOM

    ... Bloomberg SJM shares hit 8-month low after missing estimates SJM, Asia's largest casino operator by revenue, saw its shares drop to the lowest level in eight months after posting first-quarter earnings that missed analyst estimates. SJM fell almost 4.6 per cent to yesterday's low of HK$19.94 before ending 2.39 per cent down at HK$20.40. The stock has fallen 23 per cent ...

  7. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

    Posted Apr 01st 2014, 01:20am by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com China Southernnet down 24pc as perks face cuts To deal with the expected impact of Beijing's austerity drive, China Southern Airlines- the mainland's biggest airline by fleet size- will adjust its cabin structure to expand the premier-economy class while reducing the ratio of first-class seats, company chairman Si Xianmin said ...

  8. Business - Commodities - EARNINGS

    Profit at power firm Datang dragged down by coal-to-chemicals unit

    Posted Mar 27th 2014, 12:58am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Coal-to-chemicals unit drags down Datang profit Datang International Power Generation posted an underlying pre-tax profit growth of 54 per cent for last year, ... unit of China Datang Group is one of the five state-owned national power generation groups and its coal-to-chemicals operation was a factor in dragging down profits in 2013. Excluding a 241.5 ...

  9. Business - Companies - EARNINGS

    Apple sales surprises even the bulls

    Posted Apr 25th 2014, 12:45am by Reuters

    ... also unveiled a seven-for-one stock split that should go down well with individuals who want a piece of a household name but could not afford to spend more than US$500 a share. The positive ...

  10. Business - Commodities - EARNINGS

    Vale in record loss on tax deal and write-down

    Posted Feb 28th 2014, 01:10am by BLOOM

    ... and write-down Vale, the world's largest iron-ore producer, posted a record quarterly loss after settling a decade-long tax dispute and writing down the value of an asset in Argentina amid slowing ... exceeding the net loss a year ago after Vale wrote down the value of some nickel, coal and steel assets. "We expect the iron-ore market to remain balanced, as the steel sector grows smoothly, ...




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