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  • July 22, 2014
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  1. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Silver Base turns to chief for financial help Silver Base Group Holdings, one of the mainland's largest distributors of high-end liquor and cigarettes, ... and the slowdown in the mainland economy. "In order to strengthen the capital base of the group and to improve the group's financial position, immediate liquidity and cash flows and otherwise ...

    http://www.scmp.com/business/companies/article/1543914/silver-base-turns-its-ceo-financial-help
  2. Business - China Business - EARNINGS

    Huawei sees solid year after first-half sales grow 19 per cent

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... and profit for the first half are in line with our expectations," said chief financial officer Cathy Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei. Meng said the company had built up ... ahead. "We are confident that in 2014 we will achieve sustainable growth, robust operations and healthy financials," she said. Meng said Huawei's consumer business sold its ...

    http://www.scmp.com/business/china-business/article/1557079/huawei-sees-solid-year-after-first-half-sales-grow-19-cent
  3. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... margin guidance, we have seen an increase in utilisation and improved expense control, exceeding our earlier expectations," SMIC chief financial officer Gao Yonggang said in a company ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  4. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Technologies last year for US$2 billion and this year committed an additional US$1.2 billion to bolster its data centres and offerings. "Their success is going to be tied to the cloud over ...

    http://www.scmp.com/business/companies/article/1556525/ibm-revenue-falls-further-second-quarter-beats-market-target
  5. Business - Banking & Finance - EARNINGS

    Japanese banks failing to reward investors

    Posted Jul 05th 2014, 01:51am by BLOOM

    ... takeovers abroad. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group paid an average 22 per cent of profit to shareholders in the year ended March, data ... The Japanese banks, which sold shares and hoarded profits after the global financial crisis dented their balance sheets, have been expanding overseas as weak credit demand and shrinking interest rates ...

    http://www.scmp.com/business/banking-finance/article/1546981/japanese-banks-failing-reward-investors
  6. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... chief executive William Wong Wai-sheung said. Chief financial officer Kathy Chan said April and May sales fell 56 per cent year on year but that was within expectations as that period last year ... are frequented by more mainland tourists, he said. The company is unlikely to expand further in Macau in the coming financial year given that it recently opened a flagship outlet there- its largest ...

    http://www.scmp.com/business/companies/article/1541297/jeweller-luk-fook-posts-record-profit-hk186b-after-gold-binge
  7. Property - Hong Kong & China - EARNINGS

    Link Reit distributable income jumps 14pc

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

    ... HK$1.24 billion in four shopping centres. The money will be used as general working capital. On the reit's plans to expand its portfolio across the border, Hongchoy said it could deploy about HK$20 billion through borrowing to fund property investments while maintaining a healthy financial position. But he added the company would not rush in its mainland investments. During the year ...

    http://www.scmp.com/property/hong-kong-china/article/1525222/link-reit-distributable-income-jumps-14pc
  8. Business - Companies - EARNINGS

    Tencent aims to work with regulator on online financial services market

    Posted Mar 19th 2014, 06:17pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Mainland's largest listed internet company pledges to work with central bank to ensure online financial services are better regulated Tencent backs push ... for the mainland's nascent internet financial services market and help it expand. The conciliatory and pragmatic approach taken by Tencent over recent efforts by the People's Bank of China to strictly ...

    http://www.scmp.com/business/companies/article/1452515/tencents-q4-net-income-129-cent-slowest-growth-early-2012
  9. Business - Companies - EARNINGS

    iPhone maker Hon Hai benefits from weaker yuan

    Posted May 16th 2014, 01:05am by BLOOM

    ... efficiency. "This is overall a slightly positive result because operating efficiency and margins improved even with the weaker sales," said Vincent Chen, of Yuanta Financial. "They ... Hon Hai, founded by chairman Terry Gou Tai-ming 40 years ago, does not provide earnings forecasts, hold analyst meetings or explain its financial results. The company also said yesterday ...

    http://www.scmp.com/business/companies/article/1513102/iphone-maker-hon-hai-benefits-weaker-yuan
  10. Business - Banking & Finance - EARNINGS

    BEA beats rivals with impressive financial results

    Posted Mar 10th 2014, 05:59am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Clean balance sheet and good growth makes BEA the stand-out bank in this results season BEA beats rivals with impressive financial results Bank of East Asia ... of June to 0.39 per cent to the end of December. Core tier one capital improved to 11.4 per cent from 10.4 per cent. The clearest sign of the rising risks in the mainland financial system emerged ...

    http://www.scmp.com/business/banking-finance/article/1444810/bea-beats-rivals-impressive-financial-results

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