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  • July 31, 2014
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  1. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... in sales from Louis Vuitton, its main cash cow, had dropped in China in the second quarter from the first, while revenue from Chinese tourists declined in major European markets such as France. It also said fewer tourists, particularly from mainland China, were shopping in Hong Kong because of pro-democracy protests. Many leading luxury brands generate more than 10 per cent ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  2. Business - Companies - EARNINGS

    Houseware retailer takes MTR route to expansion

    Posted Jul 28th 2014, 04:27am by TIFFANY AP

    ... by the end of the year. While luxury and tourist-oriented retailers, especially jewellery and watches, have experienced significant drops in growth, chief executive Peter Lau Pak-fai said ... consumption habits to its home market. Business in mainland China, Malaysia and Macau were not as strong. The company attributed the former two's performance to its recent entry, saying it still ...

    http://www.scmp.com/business/companies/article/1560741/houseware-retailer-takes-mtr-route-expansion
  3. Business - Companies - EARNINGS

    Mainland Chinese tourists help push up sales at Prada

    Posted Feb 20th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Mainland tourists help push up sales at Prada The Italian fashion house Prada saw sales in Europe outside its home market leap by a third in the year to January, surpassing even the fast-growing Asia-Pacific region, with one analyst crediting mainland tourists for the rise. In a filing to the Hong Kong exchange on Tuesday, the luxury leather goods ...

    http://www.scmp.com/business/companies/article/1154253/mainland-chinese-tourists-help-push-sales-prada
  4. 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

    ... 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 ... of last year. Tom expected Ule to benefit from a new sales initiative across the mainland's rural areas. Supported by China Post's vast infrastructure, Ule is encouraging rural store ...

    http://www.scmp.com/business/companies/article/1562990/tom-gears-growth-back-e-commerce-ventures-gains
  5. Business - China Business - EARNINGS

    Mobile business boosts Baidu sales amid overseas expansion

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

    ... Bien Perez and Sophie Yu Mainland internet search giant pushes expansion into overseas markets after recording 34 per cent increase in income for the second quarter Baidu profit buoyed ... Baidu, said yesterday. The mainland's largest online search provider said its fast-growing mobile business helped drive its net profit to 3.55 billion yuan (HK$4.44 billion) in the three ...

    http://www.scmp.com/business/china-business/article/1559381/mobile-business-boosts-baidu-sales-amid-overseas-expansion
  6. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

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

    ... in Australia, waste management and power distribution in New Zealand, waste-to-energy projects in Holland, power generation in Canada, and toll roads and bridges on the mainland. Power Assets posted ...

    http://www.scmp.com/business/companies/article/1558514/cki-seeks-new-investments-after-windfall-profit
  7. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... Bloomberg in New York Outlook dims over China slowdown The most actively traded mainland companies in the United States are on track to report the smallest profits in two years as growth ... as economists predict the mainland's gross domestic product growth will slow to 7.4 per cent this year, the weakest pace in 24 years, after back-to-back annual increases of 7.7 per cent. While ...

    http://www.scmp.com/business/money/markets-investing/article/1543911/profit-outlook-dims-mainland-china-firms-traded-us
  8. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

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

    ... 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 ... revenue to increase 14 per cent to US$515 million from US$451 million in the three months to March. But on a year-on-year basis, the mainland chipmaker's revenue is estimated to be down 4.8 ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  9. 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

    ... are frequented by more mainland tourists, he said. The company is unlikely to expand further in Macau in the coming financial year given that it recently opened a flagship outlet there- its largest ... in prominent locations, including in Wuhan May last year, which serves as the mainland flagship. It also launched its first store in Sydney in December last year. Wong said Luk Fook's outlook ...

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

    China's airlines hit hard by weaker yuan

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

    ... Sijia Jiang sijia.jiang@scmp.com Leading carriers have issued profit warnings for the first half because of exchange losses from dollar-based debts caused by aircraft purchases Mainland airlines hit hard by weaker yuan The weaker yuan is emerging as a major downside risk for mainland airlines already wrestling with a challenging business environment brought on by increased ...

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

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