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  • July 31, 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. Business - Companies - EARNINGS

    Houseware retailer takes MTR route to expansion

    Posted Jul 28th 2014, 04:27am by TIFFANY AP

    ... Housewares Retail, which runs the store chain Japan Home Centre, plans to open its first store in an MTR station, in Siu Hong, in September, with two more MTR station outlets to follow by the end ... stores, Lau said. The firm would also be aggressively expanding in Singapore, which enjoyed a higher GDP per capita than Hong Kong, strong government-backed population growth plan and similar ...

    http://www.scmp.com/business/companies/article/1560741/houseware-retailer-takes-mtr-route-expansion
  3. 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
  4. 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
  5. Business - Companies - EARNINGS

    China sales help Nissan close in on chief Carlos Ghosn's key targets

    Posted Jul 29th 2014, 01:05am by BLOOM

    ... in the world's largest car market. Nissan still has to grapple with start-up costs with new plants in emerging markets. The carmaker opened its second plant in Thailand this month and will start ...

    http://www.scmp.com/business/companies/article/1561396/china-sales-help-nissan-close-chief-carlos-ghosns-key-targets
  6. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

    Posted Jul 25th 2014, 01:35am by Eric Ng

    ... power supplier for Hong Kong Island and Lamma Island, profit dropped 24.2 per cent to HK$3.62 billion. To plug the profit gap, Power Assets said it "will continue to proactively search ... and continental Europe." The stake sale has cut Power Assets and CKI's exposure to the risks in Hong Kong's uncertain regulatory environment. ...

    http://www.scmp.com/business/companies/article/1558514/cki-seeks-new-investments-after-windfall-profit
  7. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... in its main markets, and a slowdown in Hong Kong retail spending. Net profit for the year ended February was down to HK$280 million, compared to HK$385 million the year before. Turnover increased ... and accessories, IT sells upmarket European and Japanese brands in addition to its own in-house labels such as 5cm, B+ab and Izzue. Now in its 26th year, Hong Kong is its primary market, making up 54 per ...

    http://www.scmp.com/business/companies/article/1518235/fashion-retailer-it-sees-profits-plunge-over-hong-kong-slump
  8. 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

    ... but in Macau our rental expense is still rising very fast. "In Hong Kong we will work on finding more attractive spaces." Over the past year, the group has focused on opening landmark stores ... on the Hong Kong market was very cautious. This year the company would open one to three stores in Hong Kong, most likely in the New Territories districts of Sha Tin, Yuen Long or Sheung Shui, which ...

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

    Fast Retailing cuts 2014 profit forecast

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

    ... not profitable" and did not meet target in the third quarter, Fast Retailing spokesman Keiji Furukawa said. There could be an impairment charge relating to the unit and costs of opening US stores ... outlets worldwide, mainly in the US, and opened its first directly-run store in Japan in October 2013, according to the company. Net income fell to 20.28 billion yen in the three months ended May ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  10. Business - Banking & Finance - EARNINGS

    Bank of China (Hong Kong) flags cut to dividend payout ratio

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... to dividend payout ratio Bank of China (Hong Kong), the subsidiary of Bank of China in the city, plans to cut its dividend payout ratio to shareholders despite seeing its net profit rise 6.3 per cent ... 60 per cent to 70 per cent previously, because of increased capital requirements from the Hong Kong Monetary Authority and the Basel 3 international standard, which will be fully implemented ...

    http://www.scmp.com/business/banking-finance/article/1458119/bank-china-hong-kong-flags-cut-dividend-payout-ratio

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