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  • April 18, 2014
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  1. Mainland telecoms stocks tumble on fears revamp will hurt profits

    Posted Jun 04th 2008, 12:00am by Staff Reporter

    ... Mobile reigns supreme. Unicom, the nation's smaller mobile-telephone operator, fell 14.07 per cent to HK$15.88. China Telecom, the nation's biggest fixed-line operator, slumped 12.7 per cent to HK$4.95. Netcom, which will merge with Unicom, dropped 12.75 per cent to HK$23.60. Shares of China Mobile, which has continued trading since the restructuring was unveiled, slid 2.21 ...

  2. Airline stocks plunge on fuel cost turbulence

    Posted Jun 11th 2008, 12:00am by Charlotte So

    ... Charlotte So Profits expected to come under greater pressure Hong Kong and mainland airline stocks struck severe turbulence yesterday after jet fuel prices soared, reinforcing fears ... this year. Cathay Pacific Airways slumped after warning it may fly aircraft at slower speeds to save on fuel. China Southern, the mainland's biggest carrier, declined 5.53 per cent to HK ...

  3. Alibaba stock sheds 5.9pc after Microsoft shelves bid for Yahoo

    Posted May 06th 2008, 12:00am by Sherman So

    ... of the firm's quarterly earnings report due today. 'The stock has gained a lot in the last two weeks. Investors want to take profit before its first-quarter results,' said an analyst who did not want to be named. 'Most expect little upside surprise in Alibaba's results.' Between April 21 and Friday, shares in the Hangzhou-based company rose 29 per cent to HK ...

  4. Disposal plan lifts Shanghai AJ stock

    Posted Jul 09th 2008, 12:00am by Carol Chan

    ... in the company, Shanghai AJ said in a filing with the Shanghai Stock Exchange. The company, whose businesses range from trust to brokerage and property, did not give a selling price. Based on the stock's closing price of 10.90 yuan yesterday, its first trading day after a two-week suspension, the stake is worth 1.31 billion yuan (HK$1.49 billion). Shougang Holding would own 70 per cent ...

  5. MTR stock loses ground after link-up submission

    Posted Sep 18th 2004, 12:00am by Denise Tsang

    ... Denise Tsang MTR Corp shares fell 0.82 per cent to HK$12.05 yesterday after the rail service operator submitted a joint merger plan with the Kowloon-Canton Railway Corp (KCRC). Analysts ... by operating cost reductions unless the acquisition price of the KCRC was low enough. The MTR would only gain from the merger if it paid a price equal to 50 per cent of KCRC's almost HK$60 billion ...

  6. Mainland investors shun Yinhua QDII fund amid global stock slump

    Posted May 28th 2008, 12:00am by Staff Reporter

    ... equities-based fund. Beijing-based Yinhua Fund Management said yesterday that it raised 417 million yuan (HK$468.25 million) for its qualified domestic institutional investor fund, only 20.85 per cent of its targeted 2 billion yuan. The lukewarm response to the first QDII fund in three months marks another setback this year for mainland institutions as the domestic stock market wobbles. ...

  7. China Life stock suffers on rumour of SEC investigation

    Posted Apr 02nd 2004, 12:00am by Christine Chan, Enoch Yiu

    ... shares dropped 3.06 per cent in heavy trading, closing the day at HK$4.75. The mainland's largest insurer said it had not been notified of the inquiry and cast doubt on the veracity ... regulators were also understood to be carrying out separate inquiries into China Life's listing in the territory, the newspaper reported. But the Hong Kong stock exchange said yesterday ...

  8. CNPC (HK) targets 20-fold growth in gas revenue

    Posted May 15th 2009, 12:00am by Eric Ng

    ... distribution business, Mr Li said yesterday. This business would need to be 'incubated' before reaching the 12 per cent minimum return rate required by CNPC (HK), Mr Li said. PetroChina ... existing gas distributors and will not rule out acquiring them', Mr Li said after CNPC (HK)'s annual general meeting. Also in the plan is the collection and sale of natural gas ...

  9. Investor places HK$356m of China Communications shares

    Posted Jul 31st 2008, 12:00am by Staff Reporter

    ...$5.58 to HK$5.78 per share for the placement, sources said. The price was at a 6.25 per cent discount to the stock's HK$6.08 closing price yesterday. 'The order book had been five times covered ... Wong Ka-chun An institutional investor in China Communications Services Corp has offered to sell HK$356 million worth of shares, taking advantage of the rally in the telecommunications ...

  10. HSBC posts 8.4pc earnings decline in HK

    Posted Aug 05th 2008, 12:00am by Staff Reporter

    ... interest margin widened 4 basis points to 2.31 per cent. Net fee income rose 11.6 per cent to HK$8.9 billion, including a 2.2 per cent fee rise from securities investment services. The stock market ... cent year on year for the first six months to HK$22.45 billion, its first half-year drop since 2003 when the city was battered by the Sars outbreak. 'Rising inflation represents ...




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