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  1. Asia funds focus lifts HK stocks

    Posted Oct 03rd 2003, 12:00am by David Robinson

    ... Hang Seng Index hits 16-month high as confidence deepens Global funds reallocating capital to Asia sent Hong Kong stocks soaring yesterday as bullish investors bet on a regional economic revival following fresh indicators of strength in the United States economy. Property stocks were targeted by international funds moving into the region in anticipation of a strong last quarter ...

  2. HK Hotels falls 11pc in wake of $1.15b stock sale

    Posted Oct 22nd 2003, 12:00am by Staff Reporter

    ... the stock was trading at near four-year highs. While the hotel and property group should benefit from an economic recovery in Hong Kong, where it derives more than half its revenue, analysts said the recent sharp performance of the stock had left it with limited upside. The share sale was done in conjunction with a $782.2 million placement of existing shares by the Kadoorie family, the Hong ...

  3. Stocks rally on HK dollar gains

    Posted Sep 24th 2003, 12:00am by Staff Reporter

    ... Exporter Li & Fung and retailer Esprit advance as foreign investors become more bullish on Hong Kong assets Stocks climbed yesterday as investors bet strength in the Hong Kong dollar ... below the band of 1 per cent from the pegged rate of $7.80. The sudden strength in the Hong Kong dollar prompted the Hong Kong Monetary Authority (HKMA) to sell HK$466 million to purchase US$60 ...

  4. HK stocks forecast to rise further

    Posted Nov 19th 2003, 12:00am by Staff Reporter

    ... a forecast rise of 50 basis points by the US Federal Reserve in the second half of next year, Mr Tang said. He said banking stocks would be the biggest beneficiaries of a reviving Hong Kong economy ...

  5. HK growth forecast lifts stocks

    Posted Nov 29th 2003, 12:00am by Staff Reporter

    ... Anette Jonsson The HSI rally surprises some investors, forcing them to cover short positions Expectations of strong growth in the economy in the third quarter helped propel Hong Kong shares to their highest close in more than three weeks yesterday. The ra ...

  6. Jiangxi Copper stock hits 5-year peak on profit surge

    Posted Oct 23rd 2003, 12:00am by Denise Tsang

    ... Denise Tsang The share price of Jiangxi Copper, China's second-largest copper producer, hit a five-year peak of HK$2.675 after reporting stronger than anticipated net profit growth to 374.95 million yuan (HK$350 million) for the first nine months of this year. The H share yesterday rose 4.9 per cent to close 12.5 HK cents higher as the nine-month profit surpassed a Thomson ...

  7. Excess stock to mar TCL sales

    Posted Oct 04th 2003, 12:00am by Staff Reporter

    ... contributed to the handset glut. Mobile-phone makers have been clearing stocks of old monochrome models at substantial discounts to make room for new colour models. TCL International chairman Tomson ... their earnings hopes on colour models may end up disappointed, with colour handsets now selling for about 1,300 yuan (HK$1,218.49), down from more than 2,000 yuan earlier this year. According to an HSBC ...

  8. Phoenix stock hit by writ against chief

    Posted Aug 16th 2003, 12:00am by Staff Reporter

    ... Commercial Bank - which merged with BOC (HK) in 2001 - granted a $20 million term loan in April 1997 to property investment firm Super Sheen. Mr Liu, Asia Television's (ATV) largest shareholder, ... $12.32 million. A Phoenix TV spokeswoman said Mr Liu had not received the writ from BOC (HK) demanding payment. 'Mr Liu learned about it only after the media reports,' she said. ...

  9. Tom.com takes control of CETV in $53m stock deal

    Posted Jul 03rd 2003, 12:00am by Staff Reporter

    ... over 30 months to finance CETV's operations. Tom.com will issue AOL 21 million shares at HK$2.535 each to acquire 44 per cent of CETV's stock. Yesterday, the counter closed up 4.25 ... AOL insists the sale demonstrates a commitment to the mainland market AOL Time Warner has sold a controlling stake in Chinese Entertainment Television Broadcast (CETV) to Tom.com for stock ...

  10. Vaccine stocks are running low

    Posted Sep 15th 2003, 12:00am by Staff Reporter

    ... Flu vaccine is in tight supply in major mainland cities, as hospitals and clinics rush to top up their stocks to cope with increased demand. Beijing's municipal disease control ... of the vaccine will begin at the end of the month. Individuals must pay for the vaccine, which will cost about 70 yuan (HK$66). In Shanghai, major suppliers UK-based GlaxoSmithKline and the Shanghai ...




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