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  • April 21, 2014
  • Last updated: 12:28pm
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  1. Business - China Business - EARNINGS

    Li Ning switches market focus after more losses

    Posted Mar 25th 2014, 01:32am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Deficit of 391m yuan prompts company to targetmid-tier sector and exit non-sportswear goods Li Ning switches market focus after more losses Mainland sportswear brand Li Ning plans to focus on the mid-tier market and exit non-sportswear categories after reporting a loss of 391.54 million yuan (HK$491.6 million) last year, 80 per cent less than ...

  2. Business - China Business - EARNINGS

    Shift in business focus pays off for Haitong International Securities

    Posted Mar 05th 2014, 01:38am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Shift in business focus pays off for Haitong Haitong International Securities, the overseas arm of the mainland's second-largest brokerage, said net ... growth in its structured financing and fixed income, currencies and commodities (FICC) units. "The firm is undergoing an orderly, swift transformation, where we have shifted our focus ...

  3. Business - China Business - EARNINGS

    Unicom's 74 pc profit jump beats estimates

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

    ... Sophie Yu sophie.yu@scmp.com After strong first quarter, mainland's No2 mobile firm focuses on licence for FDD-LTE standard, with Beijing's nod expected this year Unicom's 74 pc profit jump beats estimates China Unicom (Hong Kong) reported a 74 per cent year-on-year increase in net profit for the first quarter as it beat analysts' estimates due ...

  4. Business - Banking & Finance - EARNINGS

    Credit Suisse misses estimates with 34pc profit fall

    Posted Apr 17th 2014, 01:09am by BLOOM

    ... in an interview that the bank focused on results from strategic businesses it wanted to keep and called performance at the investment bank on that level "very strong". The investment bank's ...

  5. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

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

    ... Air China said it would focus on independent high-end tourists while China Eastern said it would eye the low-cost carrier market to make up for the loss in premier cabins. China Southern also ...

  6. Business - China Business - EARNINGS

    Weaker demand and competition hit China Eastern

    Posted Mar 28th 2014, 01:40am by Keira Lu Huang

    ... share [of low-cost carriers] in the US and Europe. We are far behind, which means there is a big potential," Li said. In contrast, Air China is looking at its core strengths. "We focus ... into building the Beijing hub, and have seen some achievements." To cope with Beijing's austerity call, Sun said the company would shift focus to developing the high-end independent ...

  7. Business - China Business - EARNINGS

    China Life Insurance gears up to tackle slowing market

    Posted Mar 27th 2014, 12:58am by Kwong Man-ki

    ... with a payment period of 10 years or longer, while the bancassurance sales channel would focus on sales of five-year or longer regular premium products. Yang said the capital market would be volatile ...

  8. Business - Banking & Finance - EARNINGS

    Dah Sing Bank taps market for cash after profit increases

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... billion through a rights issue. Parent company Dah Sing Financial, which holds a 74.59 per cent stake and focuses on the life insurance business, said its net profit climbed 15.1 per cent ...

  9. Business - China Business - EARNINGS

    Tenwow targets rural markets on mainland after profit jumps 29.7pc

    Posted Mar 26th 2014, 06:34am by Keira Lu Huang

    ... for 9 per cent of the total. Together with a 24.3 per cent increase in own-brand food and snacks, the group's revenue grew 11.1 per cent to 4.72 billion yuan. Management said they would focus ...

  10. Property - Hong Kong & China - EARNINGS

    Developer K Wah gears up to boost investment property stock

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

    ... our focus to the mainland only. We will continue to invest equally in Hong Kong and on the mainland," Lui said that as demand for housing was strong in Hong Kong and on the mainland, ...




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