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  • August 28, 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 - 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
  4. Business - Banking & Finance - EARNINGS

    Dah Sing profit climbs 29pc on lower China lending

    Posted Aug 28th 2014, 05:03am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Dah Sing profit up 29pc on lower China lending Dah Sing Banking Group, which owns Hong Kong's last family-owned bank, posted HK$1.4 billion in net ... to HK$1.01 billion in the same period, it said in a statement to the Hong Kong stock exchange. The two companies are part of unlisted parent Dah Sing Group. Dah Sing Banking Group also controls Banco ...

    http://www.scmp.com/business/banking-finance/article/1581319/dah-sing-profit-climbs-29pc-lower-china-lending
  5. Business - Companies - EARNINGS

    Sino Land's core earnings decline 24pc for year

    Posted Aug 28th 2014, 05:03am by Yvonne Liu

    ... property companies in Hong Kong. With the inclusion of investment property revaluation gains, net profit was HK$8.92 billion, down 23.66 per cent from HK$11.69 billion a year earlier. The result ... HK$7.82 billion. Kenny Tang Sing-hing, a general manager at AMTD Financial Planning, said: "The overall results of Hong Kong developers released recently are better than market expectations. ...

    http://www.scmp.com/business/companies/article/1581321/sino-lands-core-earnings-decline-24pc-year
  6. Property - Hong Kong & China - EARNINGS

    Henderson Land's underlying profit jumps 46pc

    Posted Aug 27th 2014, 01:28am by Peggy Sito

    ... sales, a slight improvement in rental income and a one-off gain from the sale of investment properties, Henderson said in a filing with the Hong Kong stock exchange. Looking forward, Lee said he ... on August 16, surpassing the record of 124 set the week before. The index dipped to 125.31 on Friday, but prices on Hong Kong Island set a record with a week-on-week rise of 0.22 per cent. Henderson ...

    http://www.scmp.com/property/hong-kong-china/article/1580962/henderson-lands-underlying-profit-jumps-46pc
  7. Business - Commodities - EARNINGS

    Towngas posts 2.96pc rise in net profit

    Posted Aug 26th 2014, 10:12am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of Hong Kong and China Gas (Towngas), Hong Kong’s only piped gas supplier, rose 0.44 per cent to HK$18.28 in early trading on Tuesday after it reported ... in gas sales volume from its largest profit contributor in piped gas distribution in Hong Kong. “Stable tourism and favourable overall local job conditions helped stimulate consumer spending,” ...

    http://www.scmp.com/business/commodities/article/1580740/towngas-posts-296pc-rise-net-profit
  8. Business - Companies - EARNINGS

    MTR to take HK$3 b hit over project delays

    Posted Aug 25th 2014, 05:36pm by CHIM SAU-WAI, JING YANG

    ... were overshadowed by the announcements of delays in its new rail projects in Hong Kong, in particular the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link. MTR said ... per cent to HK$19.5 billion. Revenue from its Hong Kong transport operations grew 6.5 per cent to HK$7.7 million. The company said it would continue to seek opportunities for rail-related ...

    http://www.scmp.com/business/companies/article/1580581/mtr-net-grows-285pc-profit-property-development-slumps
  9. Business - China Business - EARNINGS

    Sinopharm sees first-half profit jump 27pc on government incentives

    Posted Aug 25th 2014, 10:58am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Sinopharm, the mainland’s largest pharmaceutical company, jumped to 17-month high in Hong Kong trading after it reported a 27 per cent increase in net profit for the first half of this year. Shares of Sinopharm jumped as much as 6.4 per cent to trade at HK$27.4 at 9.30am in Hong Kong, the highest since March 11 last year. It fell back to trade at HK$26.50 ...

    http://www.scmp.com/business/china-business/article/1580515/sinopharm-sees-first-half-profit-jump-27pc-government
  10. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... first-half earnings. The mainland's largest insurer said in a filing to the Hong Kong stock exchange its net profit for the first six months rose by 13.6 per cent to 18.4 billion yuan (HK$21.1 ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit

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