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  • September 18, 2014
  • Last updated: 5:25am
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  1. Business - Companies - EARNINGS

    Hong Kong Jockey Club seeks higher returns from alternative investments

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

    ... said traditional investments in stock markets had been hurt in recent years by the financial crisis, while bond prices had been hurt by concerns over interest rate increases. "This has led ...

  2. 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

    ... Agency. "We will actively pursue land acquisition opportunities except small sites," Kwok said, pointing out SHKP's interest in bidding for MTR Corp's Tai Wai Station ...

  3. Business - Banking & Finance - EARNINGS

    ICBC profit up 7 per cent as bad loans held in check

    Posted Aug 29th 2014, 01:14am by DON WEINLAND

    ... where some rivals have experienced a slowdown- to an increase in net interest margin boosted by "optimised credit structure and increased yield on bonds investment". Net interest ... also helped drive growth. Net interest income grew about 10 per cent year on year to 237.6 billion yuan, pulled down slightly by People's Bank of China regulations, analysts said. ...

  4. Business - Banking & Finance - EARNINGS

    China Construction Bank posts slower 9pc gain in first-half profit

    Posted Aug 30th 2014, 01:29am by DON WEINLAND

    ... interest margin, a gauge on loan profitability, rose to 2.8 per cent from 2.71 per cent a year earlier. The bank's non-performing loan ratio was 1.04 per cent, 5 basis points more than ...

  5. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... interest-bearing foreign currency debt equal to 66.71 billion yuan at the end of June, 96.2 per cent of which was in US dollars. "As a result, large fluctuations in the exchange rate caused large ...

  6. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

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

    ... by 6.9 per cent to 13.5 billion yuan. Fu Chengyu, chairman of the Sinopec, said on Monday that it has received 37 non-binding expressions of interest from would-be investors in its open tender ...

  7. Business - Companies - EARNINGS

    Net income triples at Alibaba as revenue jumps 46pc

    Posted Aug 28th 2014, 01:53pm by Reuters

    ... States regulatory filing on Wednesday. The firm, expected by some to price its flotation as early as next week, will have a roadshow next month that is likely to attract interest from a wide ...

  8. Business - China Business - EARNINGS

    China Telecom user base shrinks amid rivalry

    Posted Aug 28th 2014, 05:03am by Sophie Yu

    ... and China Unicom got the TD-LTE licence at the same time as China Mobile, they are more interested in operating the FDD-LTE system, a popular global standard. The two were granted the licence to run ...

  9. Business - Commodities - EARNINGS

    Towngas posts 2.96pc rise in net profit

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

    ... on the mainland. First-half operating profit which are earnings before interest, taxes, depreciation and amortisation rose 6.3 per cent year-on-year to HK$2.45 billion on the back of a 4.1 per cent rise ...

  10. Business - Banking & Finance - EARNINGS

    Huishang Bank net profit up 15.78pc

    Posted Aug 22nd 2014, 10:17am by Enoch Yiu

    ... yuan (HK$3.58 billion), driven by strong growth in interest and fee income that helped offset rising bad debts. The Anhui-based lender reported a net profit of 2.45 billion yuan in the same period last year. The profit growth was driven by 13.48 per cent year-on-year growth in net interest income to 5.36 billion yuan due to a strong 8.36 per cent growth in loans and advances ...




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