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  • July 23, 2014
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  1. Business - China Business - EARNINGS

    China Telecom loses subscribers in 4G race

    Posted Apr 29th 2014, 01:15am by Sophie Yu

    ... to increasing market competition driven by the launch of 4G services and strengthened marketing promotion by rivals, China Telecom said in a filing to the Hong Kong stock exchange yesterday. Ricky Lai, ... loses subscribers in 4G race China Telecom saw a drop in the number of mobile subscribers in the first quarter as competition intensified after Beijing gave approval for the three major ...

    http://www.scmp.com/business/china-business/article/1499525/china-telecom-loses-subscribers-4g-race
  2. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

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

    ... Bien Perez bien.perez@scmp.com Chipmaker set for ninth consecutive profitable quarter as Beijing backs semiconductor sector SMIC boosts margins as 4G looms Semiconductor Manufacturing International Corp, the mainland's largest contract chipmaker, has raised its guidance for gross margin in the three months to June after achieving greater use of its production capacity ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  3. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Bloomberg in New York IBM revenue falls further but beats market target International Business Machines Corp's second-quarter sales topped analysts' estimates, getting chief executive Ginni Rometty closer to her profit goals. While revenue fell 2 per cent from a year earlier to US$24.4 billion- the ninth consecutive quarterly drop- declines for products like mainframe ...

    http://www.scmp.com/business/companies/article/1556525/ibm-revenue-falls-further-second-quarter-beats-market-target
  4. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... But foreign exchange distortion aside, business is not as bad as the balance sheet looks, analysts say. Geoffrey Cheng, the head of transport at Bocom International, said there was little evidence ...

    http://www.scmp.com/business/china-business/article/1555470/chinas-airlines-hit-hard-weaker-yuan
  5. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Bloomberg in Taipei iPhone maker to add 15,000 workers in Taiwan and boost automation in bid to tap new markets Foxconn chief calls for patience as growth slows Foxconn Technology chairman Terry Gou asked shareholders to give him time to invest in new bus ...

    http://www.scmp.com/business/companies/article/1540545/foxconn-chief-gou-calls-patience-he-invests-tap-new-markets
  6. 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
  7. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... but in Macau our rental expense is still rising very fast. "In Hong Kong we will work on finding more attractive spaces." Over the past year, the group has focused on opening landmark stores ... on the Hong Kong market was very cautious. This year the company would open one to three stores in Hong Kong, most likely in the New Territories districts of Sha Tin, Yuen Long or Sheung Shui, which ...

    http://www.scmp.com/business/companies/article/1541297/jeweller-luk-fook-posts-record-profit-hk186b-after-gold-binge
  8. Business - Banking & Finance - EARNINGS

    Bank of China (Hong Kong) flags cut to dividend payout ratio

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... 60 per cent to 70 per cent previously, because of increased capital requirements from the Hong Kong Monetary Authority and the Basel 3 international standard, which will be fully implemented ... standard of Hong Kong banks than the international standard, leading banks to think of ways to strength their capital ratios. Besides cutting dividends and capital raising, banks could also scale ...

    http://www.scmp.com/business/banking-finance/article/1458119/bank-china-hong-kong-flags-cut-dividend-payout-ratio
  9. Business - China Business - EARNINGS

    Car dealer Sparkle seeks to regain glitter with new products

    Posted Jun 24th 2014, 05:58am by Sophie Yu

    ... in a filing to the Hong Kong stock exchange. A study issued by Bain & Co in December last year expected growth in the mainland's luxury goods market to slow to 2 per cent from 7 per cent ...

    http://www.scmp.com/business/china-business/article/1539230/car-dealer-sparkle-seeks-regain-glitter-new-products
  10. Business - China Business - EARNINGS

    Shift in business focus pays off for Haitong International Securities

    Posted Mar 05th 2014, 01:38am by Ray Chan

    ... million from HK$51 million, thanks to a robust trading environment overseas that offset persistent weakness in Hong Kong. With our savvy risk management system … [we] can boost our performance LIN ... Ray Chan ray.utchan@scmp.com Shift in business focus pays off for Haitong Haitong International Securities, the overseas arm of the mainland's second-largest brokerage, said net ...

    http://www.scmp.com/business/china-business/article/1440544/shift-business-focus-pays-haitong-international-securities

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