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  • August 2, 2014
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  1. 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 ... It also said fewer tourists, particularly from mainland China, were shopping in Hong Kong because of pro-democracy protests. Many leading luxury brands generate more than 10 per cent ...

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

    Cheung Kong blames profit fall on developer discounts and incentives

    Posted Aug 01st 2014, 02:06am by Sandy Li

    ... profit slips 1 pc Cheung Kong (Holdings) said yesterday that its first-half core profit slipped 1 per cent to HK$7.13 billion as price discounts and incentives being offered by developers in Hong ... of the discounts," he said. Cheung Kong's property sales in the first-half edged up 1.62 per cent to HK$12.52 billion as government cooling measures to curb demand in Hong Kong and on the mainland took ...

    http://www.scmp.com/property/hong-kong-china/article/1563759/cheung-kong-blames-profit-fall-developer-discounts-and
  3. Business - Banking & Finance - EARNINGS

    Bank of East profits rise 6pc, thanks to increase in mainland lending

    Posted Aug 02nd 2014, 12:50am by DON WEINLAND

    ... corporates in Hong Kong," said Li, the son of chief executive David Li Kwok-po. "We are very comfortable with this cross-border trade." The shift to increasing exposure to mainland ... and 19 basis points for the group to 1.79 per cent. That could stabilise in the second half as money market rates fell on the mainland and competition for deposits in Hong Kong eased, Lee said, ...

    http://www.scmp.com/business/banking-finance/article/1564557/bank-east-profits-rise-6pc-thanks-increase-mainland-lending
  4. Business - Companies - EARNINGS

    SmarTone hit hard by tough mobile market

    Posted Aug 02nd 2014, 01:30am by BIEN PEREZ

    ... could give a much-needed boost to the city's mobile market. That sentiment was echoed on Tuesday by Hutchison Telecommunications Hong Kong chief executive Peter Wong King-fai, who said new ...

    http://www.scmp.com/business/companies/article/1564528/smartone-hit-hard-tough-mobile-market
  5. Property - Hong Kong & China - EARNINGS

    Hang Lung 'optimistic' as profit up 29pc to HK$2.48b in first half

    Posted Jul 31st 2014, 02:59pm by Yvonne Liu

    ... in rental income and Hong Kong property sales. Its turnover grew 35 per cent to HK$4.46 billion. Revenue from property leasing gained 10 per cent to HK$3.56 billion. "Property prices are more ... of the market because of improvements in the sector although Hang Lung will not likely buy a site in Hong Kong during the rest of the year. "Hong Kong developers are still cash rich and have a low ...

    http://www.scmp.com/property/hong-kong-china/article/1563405/hang-lung-interim-core-profit-leaps-29pc
  6. Property - Hong Kong & China - EARNINGS

    COLI aims to launch property projects worth up to HK$110b in second half

    Posted Aug 02nd 2014, 01:31am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Developer outlines plans for rest of the year after boosting core profit 34pc in the first half COLI gears up for HK$110b in new projects China Overseas Land & Investment (COLI), the biggest mainland developer listed in Hong Kong by market value, yesterday said core profit in the first half of the year jumped 33.7 per cent to HK$10.79 ...

    http://www.scmp.com/property/hong-kong-china/article/1564531/coli-aims-launch-property-projects-worth-hk110b-second-half
  7. Business - Companies - EARNINGS

    Hutchison Telecom expects better days ahead after drop in 1H net profit

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Telecoms operator expects improved mobile business after profit slump Hutchison Telecom hopes for turnaround Hutchison Telecommunications Hong Kong, which ... market." Hutchison Telecom, a subsidiary of conglomerate Hutchison Whampoa, operates its mobile services in Hong Kong and Macau under its Three brand, while its fixed-line operations fall under ...

    http://www.scmp.com/business/companies/article/1562991/hutchison-telecom-expects-better-days-ahead-after-drop-1h-net
  8. Business - Companies - EARNINGS

    SCMP Group eyes growth as Hong Kong economy improves

    Posted Mar 21st 2014, 01:04am by BIEN PEREZ

    ... the publisher of the South China Morning Post, expects the improved economy in Hong Kong to help usher in growth after the company posted a 29 per cent drop in net profit last year, mainly because ... ways to restore the company's public float," the group said in its filing. The latest survey by the Hong Kong Advertising Association and market-measurement firm Nielsen ...

    http://www.scmp.com/business/companies/article/1453563/scmp-group-eyes-growth-hong-kong-economy-improves
  9. Business - Companies - EARNINGS

    Hutchison Whampoa's first-half earnings beat analyst forecasts

    Posted Aug 01st 2014, 02:02am by CHIM SAU-WAI

    ... at the retail-to-telecommunications conglomerate grew 1.3 times over the period last year to HK$28.4 billion on the back of gains from the spin-off of Power Assets' Hong Kong electricity business. Profits on disposal ... offset by the poor performance of the retail business in Hong Kong. Analysts believe Hutchison is in no urgent need to spin off AS Watson and would not do so unless it gets a good offer. ...

    http://www.scmp.com/business/companies/article/1563770/hutchison-whampoas-first-half-earnings-beats-analyst-forecasts
  10. Business - Companies - EARNINGS

    Tom gears up for growth on the back of e-commerce venture's gains

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... a decline in sales and wider operating loss during the period, according to the firm's filing with the Hong Kong stock exchange yesterday. "Tom Group will maintain financial and operating ... owners and villagers to shop and trade through its network of online, offline and mobile retail channels. Alicia Yap, head of China internet research at Barclays in Hong Kong, said: ...

    http://www.scmp.com/business/companies/article/1562990/tom-gears-growth-back-e-commerce-ventures-gains

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