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  • July 31, 2014
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  1. 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

    ... Bien Perez bien.perez@scmp.com Tom plans expansion after e-commerce success Tom Group, the media conglomerate controlled by Li Ka-shing, plans to build up its core operations after reporting a profit in the first half of this year and solid gains by its e-commerce joint venture on the mainland. Chairman Frank John Sixt expressed confidence in pursuing that strategy even after ...

  2. Business - China Business - EARNINGS

    Mobile business boosts Baidu sales amid overseas expansion

    Posted Jul 26th 2014, 01:39am by Bien Perez and Sophie Yu

    ... focus on international markets. "We had a great quarter as we continued to build a very strong mobile momentum," Robin Li Yanhong, the chairman and chief executive of Nasdaq-listed ... months to June, up from 2.64 billion yuan a year earlier. We are in a very early stage of launching our international services and products JENNIFER LI, BAIDU Revenue increased 58.5 per cent ...

  3. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

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

    ... Eric Ng eric.mpng@scmp.com CKI, Power Assets on acquisition trail after sizeable one-off gain from HK Electric sale Li firms seek new investments after windfall profit Cheung Kong Infrastructure (CKI) and its associate firm Power Assets, the international utilities and infrastructure firms controlled by tycoon Li Ka-shing, are seeking investment opportunities after posting ...

  4. Business - Banking & Finance - EARNINGS

    Competition for deposits to weigh on BOCHK

    Posted Aug 30th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Profit rises marginally at the bank amid intense competition from smaller lenders who offer higher interest rates on deposits Scramble for deposits set to weigh on BOCHK Intensified competition for deposits is likely to cast a cloud over returns on lending at BOC Hong Kong (Holdings) - BOCHK - for the rest of the year, the bank's chief executive said ...

  5. Business - Banking & Finance - EARNINGS

    Wing Hang Bank net falls but beats forecasts

    Posted Aug 15th 2013, 03:38pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com Bank expects earnings growth for the year after reporting 1.8 per cent weaker profit for first half that is still better than market estimates Wing Hang net falls but beats forecasts Wing Hang Bank, the second-largest family-owned bank in the city by market capitalisation, expects net profit to grow this year as its margins improve. The bank ...

  6. Business - Companies - EARNINGS

    Li confident on developer's path

    Posted Aug 02nd 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com The Cheung Kong chairman cites low debt ratio as boost for investment options after first-half earnings slide Li confident on developer's path Cheung Kong (Holdings), controlled by billionaire Li Ka-shing, says it will continue to pursue quality investments in Hong Kong and abroad. It reported a 30 per cent fall in first-half profit, excluding ...

  7. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... per cent from US$541 million recorded in the three months to June last year. Mark Li, a senior analyst at Bernstein, said in a report that SMIC's management was confident of improving ...

  8. Business - Banking & Finance - EARNINGS

    HSBC expected to report big surge in profit

    Posted May 07th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Average forecast of 80 per cent gain for the first quarter, a strong season for the banking giant HSBC expected to report big surge in profit HSBC may post first-quarter pre-tax profit of US$8 billion, 80 per cent higher than in the previous quarter, according to an average estimate of five analysts. Deutsche Bank, Mizuho Securities, Nomura, Societe ...

  9. Business - Companies - EARNINGS

    Hang Lung has no timetable for sale of 1,400-flat stockpile

    Posted Feb 01st 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Property firm says sitting on 1,400 homes for 10 years costs less than 1pc of development costs as it records rise in underlying profit of 98pc No timetable on saleof flats stockpile Hang Lung Properties, which has held on to 1,400 completed flats for 10 years, said yesterday the annual holding cost for stockpiles of unsold units was less than 1 per ...

  10. Business - Companies - EARNINGS

    Hard landing for mainland China airlines

    Posted Apr 27th 2013, 12:00am by Charlotte So, KANIS LI

    ... Charlotte So and Kanis Li Hard landing for mainland airlines Mainland airlines faced turbulence in the first quarter, with China Eastern Airlines yesterday going from a profit to a loss and China Southern Airlines stocks taking a hammering after the company barely managed to stay in the black. China Eastern reported last night a loss of 132 million yuan (HK$164.5 million) ...




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