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  • July 14, 2014
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  1. Property - Hong Kong & China - EARNINGS

    Developer K Wah gears up to boost investment property stock

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

    ... Yvonne Liu yvonne.liu@scmp.com Move will increase recurring income, says chairman, after developer's underlying profit tumbles to HK$1.39 billion from HK$4.13 billion K Wah gears up to boost investment property stock Hong Kong-listed developer K Wah International plans to expand its investment property portfolio and speed up its development cycle after recording a 66.34 per ...

    http://www.scmp.com/property/hong-kong-china/article/1458097/developer-k-wah-gears-boost-investment-property-stock
  2. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

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

    ... in the firm, had agreed to help with funding Silver Base, the company said in a statement to the stock exchange. The company has been hit over the past two years by the anti-corruption campaign ... to sustain the group as a going concern, [Liang] has agreed to provide continuous financial support to the group," it said. Silver Base recorded a loss of HK$787.4 million for the past financial ...

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

    Car dealer Sparkle seeks to regain glitter with new products

    Posted Jun 24th 2014, 05:58am by Sophie Yu

    ... for the year to March, caused by thinning profit margins because of a rise in competition from cities near Beijing. Revenue increased 5 per cent to HK$3.16 billion while net profit dropped to HK$17.3 million, compared with HK$66 million the previous year. With showrooms featuring Bentley, Rolls-Royce and Lamborghini cars in Beijing, the vehicle business is Sparkle's major income driver, ...

    http://www.scmp.com/business/china-business/article/1539230/car-dealer-sparkle-seeks-regain-glitter-new-products
  4. Business - Banking & Finance - EARNINGS

    Japanese banks failing to reward investors

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

    ... and Sumitomo Mitsui raised about 5 trillion yen (HK$380 billion) by selling shares from December 2008 to July 2010 as global regulators pushed for greater capital buffers to avoid another crisis. ... in the past fiscal year, driven by fee income and asset-valuation gains stemming from a stock rally. Major banks accumulated capital regardless of market expectations for higher payouts and would ...

    http://www.scmp.com/business/banking-finance/article/1546981/japanese-banks-failing-reward-investors
  5. 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

    ... Tiffany Ap tiffany.ap@scmp.com Full-year result of HK$1.86b for the jeweller swelled by strong sales of the precious metal following price falls Luk Fook posts record profit after gold binge Jeweller Luk Fook Group announced that yearly attributable profit surged 50 per cent year on year to a record HK$1.86 billion, boosted by high-volume gold sales after prices of the metal ...

    http://www.scmp.com/business/companies/article/1541297/jeweller-luk-fook-posts-record-profit-hk186b-after-gold-binge
  6. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Tokyo Fast Retailing cuts annual profit forecast Fast Retailing, Asia's biggest clothing retailer, cut its forecast for annual profit for the second time in the current fiscal year, citing losses from its J Brand fashion unit in the US. Net income will probably be about 78 billion yen (HK$5.95 billion) for the year ending August, lower than its previous forecast ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  7. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Hon Hai posted a 1.2 per cent increase in revenue last year to NT$3.95 trillion (HK$1 trillion), missing Gou's target. Net income climbed 13 per cent to a record NT$107 billion as Foxconn boosted non-operating profit including foreign-exchange gains. Shareholders passed a board resolution to pay a cash dividend of NT$1.80 per share for 2013 and a stock dividend of 12 per cent. ...

    http://www.scmp.com/business/companies/article/1540545/foxconn-chief-gou-calls-patience-he-invests-tap-new-markets
  8. Business - Companies - EARNINGS

    Samsung signals 25pc drop in operating profit

    Posted Jul 08th 2014, 10:28am by Reuters

    ... phones in emerging economies. Samsung said operating profit likely fell to 7.2 trillion won (HK$55.1 million) during the quarter. That compared with an 8.3 trillion won mean estimate of analysts ...

    http://www.scmp.com/business/companies/article/1549426/samsung-signals-25pc-drop-operating-profit
  9. Business - Money - EARNINGS

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

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

    ... Bloomberg in New York Outlook dims over China slowdown The most actively traded mainland companies in the United States are on track to report the smallest profits in two years as growth in the world's second-largest economy decelerates to the slowest pace since 1990. Analysts covering stocks listed on the Bloomberg China-US Equity Index estimate that on average they will post earnings ...

    http://www.scmp.com/business/money/markets-investing/article/1543911/profit-outlook-dims-mainland-china-firms-traded-us
  10. Business - China Business - EARNINGS

    CRE feels effect of economic slowdown

    Posted May 27th 2014, 01:34am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com The mainland retail and brewery giant reports 30.5 per cent lower profit of HK$356 million in first-quarter results that raise market concern CRE feels effect ... to a "slowdown" in the economy. "The central government strictly enforced frugality, which affected the sales of certain high-value commodities," CRE said in a filing to the stock exchange. Net ...

    http://www.scmp.com/business/china-business/article/1519773/cre-feels-effect-economic-slowdown

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