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  • September 20, 2014
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  1. Property - Hong Kong & China - EARNINGS

    Kerry expects to hit sales target despite 56pc profit plunge in first half

    Posted Aug 21st 2014, 01:48pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Property revenue goal of HK$12 billion still on radar even as first-half profit dives 56 per cent on lower gains from logistics and revaluation Kerry expects to hit sales target despite net fall Kerry Properties said net profit plunged 56 per cent in the first half but it is confident it will hit its sales target for the year of HK$12 billion. Net ...

    http://www.scmp.com/property/hong-kong-china/article/1578398/logistics-spin-trims-kerry-properties-first-half-profit
  2. Business - China Business - EARNINGS

    ZTE gears up for increase in 4G projects in second half

    Posted Aug 21st 2014, 01:28am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Leading telecoms equipment maker benefits from massive network construction as profit soars 264 per cent to 1.1 billion yuan in first half ZTE waits ... the second half of this year, when more 4G mobile networks are rolled out across the mainland and in overseas markets. "The group will strategically integrate and focus its resources during ...

    http://www.scmp.com/business/china-business/article/1577965/zte-gears-increase-4g-projects-second-half
  3. Business - China Business - EARNINGS

    Beijing aviation dream in doubt after first-half losses at AVIC Aircraft

    Posted Aug 20th 2014, 01:34am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Slow product deliveries push Avic Aircraft into the red in the first half Beijing dream in doubt after losses at jet maker Steep losses at mainland jet ... of Aviation Industry Corp of China, reported yesterday net loss after extraordinary items of 136.8 billion yuan (HK$172.4 billion) for the first half, compared with a profit of 57.2 billion yuan ...

    http://www.scmp.com/business/china-business/article/1577250/beijing-aviation-dream-doubt-after-first-half-losses-avic
  4. Business - Companies - EARNINGS

    Geely cuts annual sales target after 20.4pc fall in first-half earnings

    Posted Aug 20th 2014, 02:44pm by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com First-half income drops 20.4pc at mainland carmaker as demand falls for domestic brands Geely Auto cutssales target afterdecline in profit Geely Automobile Holdings lowered its full-year sales target after reporting its first-half earnings fell by more than a fifth amid weakening demand for home-grown brands and rising competition ...

    http://www.scmp.com/business/companies/article/1577677/geely-cuts-annual-sales-target-after-204pc-fall-first-half
  5. Business - Companies - EARNINGS

    BOC Aviation first-half profit unchanged at US$163m as fleet grows

    Posted Aug 20th 2014, 03:19pm by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Bank of China’s aircraft leasing subsidiary, BOC Aviation, reported first-half net profit of US$163 million on Wednesday, unchanged from the same period last year. The Singapore-based company’s total assets rose to US$10.8 billion from US$10.2 billion at the end of last year, with its fleet size boosted to 251. “We had a busy first half ...

    http://www.scmp.com/business/companies/article/1577691/boc-aviation-first-half-profit-unchanged-us163m-fleet-grows
  6. Business - Commodities - EARNINGS

    Maanshan sees first-half loss more than double to 730.27m yuan

    Posted Aug 20th 2014, 10:08am by Enoch Yiu and Eric Ng

    ... first-half loss. They traded at HK$1.81 at 10.19am. The company’s shares had gained 8.4 per cent in the previous month as investors bet steel producers’ profitability would improve on the back ... such as iron ore and coking coal, had dropped significantly, but the second half of the year would still be tough. “As there is no obvious improvement on the issue of overcapacity of steel, ...

    http://www.scmp.com/business/commodities/article/1577537/maanshan-sees-first-half-loss-more-double-73027m-yuan
  7. Business - China Business - TECHNOLOGY

    Launch of iPhone 6 set to bolster Taiwan’s second-half exports

    Posted Aug 20th 2014, 09:55am by Reuters

    ... for handheld devices could be hit due to uncertainty resulting from some companies' product launches," the ministry said. "But we're still optimistic about the second-half ... indicator of demand for Asia's exports and hi-tech devices, and typically can lead actual exports by two to three months. Economists expect the momentum to continue in the second half although ...

    http://www.scmp.com/business/china-business/article/1577530/launch-iphone-6-set-bolster-taiwans-second-half-exports
  8. Business - Banking & Finance - EARNINGS

    Bank of China beats expectations with 11pc boost in first-half profit

    Posted Aug 20th 2014, 01:34am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com State-owned bank's 11pc gain in first-half net earnings beats estimates, but jump in non-performing loans reinforces concerns for the sector Debt risk dampens BOC profit rise Bank of China posted first-half profits above expectations for the sector yesterday but faced rapidly increasing bad debt, a trend analysts say will be reflected ...

    http://www.scmp.com/business/banking-finance/article/1577255/bank-china-beats-expectations-11pc-boost-first-half-profit
  9. Business - China Business - INSURANCE

    Chinese insurers could see better prospects after first-half squeeze

    Posted Aug 18th 2014, 01:56pm by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Stagnant premium business is expected to have hindered the first-half performance of China's leading insurers, but they may see better prospects following the State Council’s pledges to accelerate the sector’s development. The lack of a new growth engine in premium business had stemmed insurers’ earnings growth in the first half ...

    http://www.scmp.com/business/china-business/article/1575997/chinese-insurers-could-see-better-prospects-after-first-half
  10. Business - Commodities - EARNINGS

    China Coal Energy's first-half profit plunges 76pc

    Posted Aug 18th 2014, 11:09am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com First-half net earnings of listed unit of the mainland's No2 producer hit by falling prices China Coal in share slide after 76pc profit plunge Shares of China Coal Energy, the listed unit of the mainland's second-largest coal producer, fell as much as 2.5 per cent after its first-half net profit slumped 75.8 per cent year on year to 780 ...

    http://www.scmp.com/business/commodities/article/1575936/china-coal-energy-shares-rebound-early-drop

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