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  • September 22, 2014
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  1. Property - Hong Kong & China - EARNINGS

    Midland losses narrow as new homes sales rebound

    Posted Aug 27th 2014, 01:27am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Turnover rises 8.1pc but the company chairman says he expects the second half to remain hard Midland losses narrow as new home sales rebound A sharp rebound in sales of new homes and cost control measures helped Hong Kong's only listed realtor, Midland Holdings, to cut losses by more than half in the first six months of the year. Chairman Freddie ...

    http://www.scmp.com/property/hong-kong-china/article/1580996/midland-losses-narrow-new-homes-sales-rebound
  2. Property - Hong Kong & China - EARNINGS

    Poly Property to step up sales drive to meet annual target

    Posted Aug 21st 2014, 03:58pm by LANGI CHIANG AND PEGGY SITO

    ... Langi Chiang and Peggy Sito Poly Property to step up sales drive Poly Property Group said yesterday it would speed up sales in the second half to hit its full-year target of 28 billion ... in first-half attributable profit to HK$1.13 billion. Rising cost of sales and finance and lower revaluation gains from investment properties were blamed for the sluggish results. The company would ...

    http://www.scmp.com/property/hong-kong-china/article/1578489/poly-property-profit-down-422pc
  3. 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

    ... 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 ... 32 per cent to 10.2 billion yuan, with car sales falling 29 per cent year on year to 187,296 units, meeting just 32 per cent of its full-year target. In a statement to the Hong Kong stock ...

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

    Hong Kong secondary home sales plunge to Sars-era levels

    Posted Mar 16th 2013, 12:00am by Paggie Leung

    ... home sales plunge to 2003 levels Secondary home sales have fallen to their lowest levels since the Sars outbreak in 2003, sparking a warning that the city's real estate industry is headed ... about 3,000 transactions in the secondary home market [last month], similar to that during the Sars period According to the Land Registry, the number and value of property sale and purchase ...

    http://www.scmp.com/business/companies/article/1191898/secondary-home-sales-plunge-2003-levels
  5. Business - China Business - EARNINGS

    Moody's upbeat on Chinese developers' prospects

    Posted Sep 18th 2014, 05:57am by Peggy Sito

    ... mortgage-processing times and the loosening of restrictions on home purchases in certain cities." Developers' credit quality should gain a boost from better liquidity and stronger sales ... downturn, the developers saw weaker earnings and slower cash collection from contracted sales in the first six months of the year. Profit margins fell and debt levels increased for all 12 mainland ...

    http://www.scmp.com/business/china-business/article/1594936/moodys-upbeat-chinese-developers-prospects
  6. Property - Hong Kong & China - EARNINGS

    SouFun falls amid price incentives for homebuyers

    Posted Sep 19th 2014, 05:34am by Bloomberg

    ... as home sales on the mainland plunged 10.5 per cent in the first seven months of the year. The mainland's broadest measure of new credit dropped 40 per cent in August from a year earlier. "The weakness in the property market forced SouFun to offer this type of promotion to encourage people to buy homes, which will pressure its margins," said Henry Guo, an analyst at JG ...

    http://www.scmp.com/property/hong-kong-china/article/1595555/soufun-falls-amid-price-incentives-homebuyers
  7. Business - Companies - EARNINGS

    McDonald’s August sales hit by China meat scandal

    Posted Sep 10th 2014, 10:23am by Agence France-Presse

    ... Agence France-Presse in New York Sales at McDonald’s restaurants dropped in August, hurt by a food-safety scandal in China and heavy competition in the US, the company said on Tuesday. The US fast-food giant said global comparable sales fell 3.7 per cent in August, bigger than the 2.5 per cent decline in July. “During August, McDonald’s global business faced several headwinds ...

    http://www.scmp.com/business/companies/article/1589202/mcdonalds-august-sales-hit-china-meat-scandal
  8. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... Reuters in Paris LVMH hit hard by sharp drop in demand in city LVMH has seen a drop in demand from Chinese buyers in its home market and overseas, as well as a slowdown in Hong Kong because of political unrest, the French fashion, spirits and cosmetics group said after posting below-forecast second-quarter sales and profits. The world's No 1 luxury group said growth ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  9. Property - Hong Kong & China - EARNINGS

    SHKP sees tough times ahead for property developers in Hong Kong

    Posted Sep 13th 2014, 04:08am by Sandy Li

    ... profit margins, after it reported a 14.99 per cent increase in full-year core profit. Driven by increased property sales and solid growth in rental income, SHKP reported underlying profit, ... to 3.64 million sq ft. Developers are set to sell a record HK$150 billion of new homes this year, up from a five-year low of HK$92.44 billion last year, according to data from Centaline Property ...

    http://www.scmp.com/property/hong-kong-china/article/1591291/shkp-sees-tough-times-ahead-property-developers-hong-kong
  10. Business - Companies - EARNINGS

    Shun Tak boosts first-half core profit 225.6pc on strong property sales

    Posted Aug 29th 2014, 02:25pm by Yvonne Liu

    ... in the first half of the year, driven mainly by strong property sales. Net profit, including property revaluation gains, grew 63.99 per cent to HK$1.1 billion from HK$672 million in the first half ... last year. The contribution of property sales to operating profit was HK$563 million in the first half, compared with just HK$34 million a year earlier. Most of the sales were generated ...

    http://www.scmp.com/business/companies/article/1581679/shun-tak-boosts-first-half-core-profit-2256pc-strong-property

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