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  • July 23, 2014
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  1. Sinopec rapped over online drive to get backing for higher fuel prices

    Posted Feb 15th 2011, 12:00am by Raymond Li

    ... China Petrochemical Corp (Sinopec) has come under fire for trying to manipulate online opinion in favour of fuel price increases amid rising world oil prices. A Sinopec notice made public on a Shenzhen professor's microblog service last week called f ...

  2. Property plays slide as investors take profits

    Posted Feb 03rd 2009, 12:00am by Sandy Li

    ... Sandy Li Property stocks fell across the board yesterday amid profit taking and concern the depressed economy could cut developers' earnings. Mainland developer Shimao Property ... pressure, as it gained so much once the market opened last Thursday after the Lunar New Year break,' said Li Kwok-suen, a fund manager at Phillip Capital Management. Most property stocks gained ...

  3. Swire adds extra 1b yuan to Sanlitun project

    Posted Apr 07th 2008, 12:00am by Sandy Li

    ... Large-scale improvement work at the Village at Sanlitun, a mega retail-hotel development in Beijing, has prompted Swire Properties to pump in a further 1 billion yuan (HK$1.11 billion) investment at its first mainland project, which is due for opening bef ...

  4. Expatriates buying as rents climb

    Posted Mar 26th 2008, 12:00am by Sandy Li

    ... Sandy Li Falling mortgage costs boost growing trend to own homes in HK A growing number of young middle-income expatriates are being lured into buying units in mass residential properties or old apartment blocks after years of renting their homes. Helping to drive the new trend are expectations that rents could rise about 50 per cent as leases fall due for renewal during the year, ...

  5. Questions over SHKP as home launches are cut

    Posted Mar 10th 2008, 12:00am by Sandy Li

    ... Sandy Li Brushing aside the unresolved chairmanship issue, Sun Hung Kai Properties (SHKP) unveiled a sharp decline in new home launches for this year, putting its earnings prospects ... and not its previous record, but management is having an abrupt change,' said Li Kwok-suen, a fund manager at Philip Capital Management. 'We understand the daily operations remain unchanged, ...

  6. SHKP profit rises 17pc to HK$6.2b

    Posted Mar 07th 2008, 12:00am by Sandy Li

    ... Sandy Li Developer sticks with business strategy as underlying earnings swell in the first half Sun Hung Kai Properties yesterday unveiled a 17.04 per cent rise in its underlying interim profit and a jump of 132.5 times in investment disposal gains. It also reassured investors that it would keep its business strategy and direction, despite its chairman taking a leave of absence. ...

  7. Country Garden falls on news of suspect land deal

    Posted Dec 25th 2007, 12:00am by Sandy Li

    ... Sandy Li Shares of Country Garden Holdings, the mainland's biggest developer in terms of land bank size, fell yesterday on a report the company had colluded with a local government to buy a large plot of land in Anhui province at a low price - the third scandal in two months. While most Hong Kong and mainland property stocks rose, Country Garden bucked the trend, dropping ...

  8. Hung Hom housing project sees strong demand despite high prices

    Posted Dec 21st 2007, 12:00am by Sandy Li

    ... Sandy Li Sun Hung Kai Properties and New World Development will have an additional reason to celebrate this Christmas, as flats offered for sale at their Harbour Place development in Hung Hom have attracted strong demand amid falling interest rates and rising household incomes. Hundreds of home-seekers and property agents were queueing outside the sales office in Tsim Sha Tsui ...

  9. Property, financial stocks dive over tightening fears

    Posted Dec 18th 2007, 12:00am by Sandy Li

    ... Sandy Li and Natalie Chiu Rates and stricter lending worries spark sell-off in markets Mainland property and financial stocks tumbled yesterday over concerns the central government will announce a new round of policies aimed at reining in the overheated economy. Investors worried that Beijing will continue to raise interest rates, tighten lending policies to slow home prices ...

  10. Secondary market surges on rate cuts

    Posted Nov 14th 2007, 12:00am by Sandy Li

    ... Sandy Li Last week's 25 basis point cut in prime lending rates - the second reduction in nine days - gave a further shot in the arm to the already vibrant residential market with major housing estates registering more sales growth. The number of deals done in the secondary market has now been on the rise for the 11th consecutive week and agents are also reporting a jump ...




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