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  • November 26, 2014
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  1. Business - Companies - EARNINGS

    Chow Tai Fook outlook dulls as profit drops 23pc

    Posted Nov 26th 2014, 04:55am by Reuters

    ... per cent year on year to HK$29.3 billion, with overall same-store sales dropping 31 per cent. Same-store sales declined 20 per cent on the mainland and slumped 41 per cent in Hong Kong, Macau ... in the benchmark Hang Seng Index. Earlier this month, Chow Tai Fook said Hong Kong same-store sales dropped 24 per cent year on year last month because of the protests. Hong Kong luxury retailers have also ...

    http://www.scmp.com/business/companies/article/1648877/chow-tai-fook-outlook-dulls-profit-drops-23pc
  2. Business - Companies - EARNINGS

    Sa Sa sales growth slows amid Occupy protests but CEO sees improvement

    Posted Nov 19th 2014, 04:05am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Sa Sa sales growth slows amid Occupy protests Cosmetics giant Sa Sa International Holdings saw same-store sales growth in Hong Kong and Macau slow to 2.4 per cent year on year from the start of last month to Sunday, down from 6.9 per cent in the six months to September. Chief executive Simon Kwok Siu-ming said the decline could be attributed ...

    http://www.scmp.com/business/companies/article/1643407/sa-sa-sales-growth-slows-amid-occupy-protests-ceo-sees
  3. Business - Companies - EARNINGS

    China Resources Enterprise sinks into losses

    Posted Nov 14th 2014, 03:09pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Revamp costs and anti-graft campaign push supermarket operator into red in third quarter Tesco stores to cloud CRE outlook Supermarket operator China Resources Enterprise (CRE) sank into a HK$71 million loss for the third quarter, compared with a profit of HK$920 million for the same period last year. In a statement to the Hong Kong stock ...

    http://www.scmp.com/business/companies/article/1639702/china-resources-sinks-losses
  4. Business - Money - EARNINGS

    HKEx says net profit growth up 7.25pc, but staff and legal fees from LME a drag

    Posted Nov 05th 2014, 02:36pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong Exchanges and Clearing, the operator of the city’s stock and futures markets, reported a 7.25 per cent year-on-year net profit growth in the third ... the profit growth was due to higher turnover as some investors were actively trading in anticipation of the plan to connect the Hong Kong and Shanghai stock markets in October. The launch ...

    http://www.scmp.com/business/money/markets-investing/article/1632536/hkex-says-net-profit-growth-725pc-staff-and-legal
  5. Business - Companies - EARNINGS

    Hong Kong Jockey Club seeks higher returns from alternative investments

    Posted Sep 16th 2014, 03:23am by Enoch Yiu

    ... funds for higher returns The Hong Kong Jockey Club says it increased its alternative investments last year, seeking to achieve better returns than traditional investments in bonds and equities. ... investments are properly hedged to make sure the Jockey Club does not bear too high a risk," he said. The city's de facto central bank, the Hong Kong Monetary Authority, has also increased ...

    http://www.scmp.com/business/companies/article/1593468/hong-kong-jockey-club-seeks-higher-returns-alternative
  6. 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

    ... would escalate further next year and bidding for land would also heat up. The company said it aimed to complete 30 per cent more flats in Hong Kong during this financial year, taking the total ... to meet market demand. "With the changing of the Hong Kong family size, demand for units to accommodate a family of two to three is stronger than the previous five to six people," Wong ...

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

    Asia continued to drive Samsonite luggage sales in third quarter

    Posted Nov 03rd 2014, 10:28am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Samsonite, the world’s largest travel luggage company, saw strong sales in the third-quarter boosted by demand in Asia, but reported that net income was relatively flat year on year. The Luxembourg-based firm said in a filing with the Hong Kong stock exchange that sales worldwide rose 18.6 per cent to US$627.4 million in the quarter to September, up ...

    http://www.scmp.com/business/companies/article/1631036/asia-continued-drive-samsonite-luggage-sales-third-quarter
  8. Business - Banking & Finance - EARNINGS

    HSBC pre-tax profit up 2pc in third quarter

    Posted Nov 03rd 2014, 05:30pm by DON WEINLAND

    ... announced. The stock has lost 5 per cent so far this year in London. In Hong Kong, it has shed 6.5 per cent. The bank is in the second phase of a turnaround plan that began in 2011, aimed at making ...

    http://www.scmp.com/business/banking-finance/article/1631216/hsbc-pre-tax-profit-2pc-third-quarter
  9. Business - Companies - EARNINGS

    Casino operator Wynn Macau’s revenue slumps 5.6pc in third quarter

    Posted Oct 29th 2014, 10:03am by undefined

    ... to US$220.87 million for the third quarter. "The new regulations on smoking, the turmoil in Hong Kong, and of course the policy of the central government in being very aggressive about what ... that in a 2.7 per cent or 2.9 per cent gain." The month-long democracy protests in Hong Kong, which have no clear end in sight, have led to a drop in the number of gamblers in Macau despite a surge ...

    http://www.scmp.com/article/1627316/casino-operator-wynn-macaus-revenue-slumps-56pc-third-quarter
  10. Business - Banking & Finance - EARNINGS

    Standard Chartered operating profit sinks 16.4pc as markets, regulations weigh

    Posted Oct 28th 2014, 02:00pm by DON WEINLAND

    ... cent in the third quarter of the year and prospects for a quick turnaround seem unlikely over the short-term. The bank's Hong Kong shares dropped to a fresh 52-week low of HK$131.10, ... the session. The lender's shares in both Hong Kong and London also reeled from news that underlying profit for the second half would fall below that of last year. In the first nine months ...

    http://www.scmp.com/business/banking-finance/article/1626645/standard-chartered-operating-profit-sinks-164pc-markets

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