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  • April 20, 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. SHKP, Shun Tak earnings reports likely to please despite mixed views

    Posted Sep 14th 2009, 12:00am by Sandy Li

    ... Sandy Li and Fulton Mak Analysts are divided over what Sun Hung Kai Properties will report for its full-year results tomorrow, with estimates ranging from a 2 per cent decline in core earnings to 6 per cent growth. CCB International Securities said SHKP would announce a 4 per cent rise in underlying profit to HK$12.7 billion. Royal Bank of Scotland estimated profit would ...

  3. Swire cuts payout after 73.8pc profit dive

    Posted Aug 07th 2009, 12:00am by Sandy Li

    ... Sandy Li Swire Pacific yesterday cut its interim dividend by a third as profits from Cathay Pacific Airways failed to offset a sharp fall in property earnings, sending net earnings for the company plunging 73.82 per cent. The conglomerate, which is engaged in the property, aviation and beverage businesses, reported net income of HK$3.23 billion for the six months to June, compared ...

  4. Land premium deal may trigger more supply

    Posted Aug 05th 2009, 12:00am by Sandy Li

    ... Sandy Li A land premium settlement concluded between Cheung Kong (Holdings) and the government that paves the way for the development of its 258,000 square foot site could signal a turn in the tide for housing supply, say analysts. Cheung Kong reportedly agreed to pay about HK$530 million, or HK$2,050 per square foot, to obtain the right to develop the site adjacent to its completed ...

  5. Cheung Kong fire-sale flats draw strong buyer response

    Posted Apr 17th 2009, 12:00am by Sandy Li

    ... Sandy Li The steep discounts being offered by Cheung Kong (Holdings) for its residential project in Tin Shui Wai have generated a strong response as the company gambles the tactic will allow it to launch another upcoming project at higher prices. A Cheung Kong spokesman said more than 600 units at Central Park Towers II had been sold by 11pm yesterday, four hours after ...

  6. Home resales surpass first quarter

    Posted May 25th 2009, 12:00am by Sandy Li

    ... Sandy Li Home sales in Hong Kong's secondary market last month and this month are expected to total at least 18,000 units, a survey says. The Midland Realty survey says the number of completed deals in the second-hand residential market was 15,821 between April 1 and May 21, compared with 15,366 deals logged in the entire first quarter. 'The second quarter to next month ...

  7. New World posts HK$992m loss as property sales plunge

    Posted Mar 18th 2009, 12:00am by Sandy Li

    ... Sandy Li New World Development reported an interim loss of HK$992.2 million yesterday, its first since 2004, and said it expected Hong Kong home prices to drop up to 10 per cent this year if the economic downturn persisted. The developer, which issued a profit warning last week, said the loss was mainly because of a HK$2.35 billion revaluation deficit on investment properties and a HK$330 ...

  8. Sun Hung Kai Properties interim profit expected to drop up to 9pc

    Posted Mar 09th 2009, 12:00am by Sandy Li

    ... Sandy Li Analysts expect Sun Hung Kai Properties (SHKP), Hong Kong's largest developer by market value, to report a 5 per cent to 9 per cent drop in interim core earnings. This excludes any revaluation that might be made on investment properties owing to lower property sales. Nomura International (Hong Kong) estimated SHKP's core profit would drop 9 per cent ...

  9. Cheung Kong, SHKP reap HK$5b from sales

    Posted Apr 25th 2009, 12:00am by Sandy Li

    ... Sandy Li Hong Kong's two largest developers pulled in more than HK$5 billion from property sales last weekend, a move analysts believe will help them build up their war chests in preparation for a land acquisition spree. Cheung Kong (Holdings) reaped HK$2 billion from the sale of all its 1,068 units at Central Park Towers II in Tin Shui Wai in two days. Rival Sun Hung Kai ...

  10. Agents in line for windfall from bumper deals

    Posted Apr 22nd 2009, 12:00am by Sandy Li

    ... Sandy Li An estimated HK$5 billion in revenue generated by the sale of 1,500 new flats in less than 72 hours has thrown a multimillion-dollar commission lifeline to thousands of property agents. Cheung Kong (Holdings) attracted HK$2 billion in revenue from the sale of 1,068 units at Central Park Towers II in Tin Shui Wai. The sale opened on Thursday evening and by Friday, 1,020 ...




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