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  • August 2, 2014
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  1. Business - Banking & Finance - EARNINGS

    Bank of East profits rise 6pc, thanks to increase in mainland lending

    Posted Aug 02nd 2014, 12:50am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Bank increases net income 6pc as it steps up lending across borderdespite credit risks BEA profits from mainland loans Bank of East Asia's net profit rose 6 per cent to HK$3.58 billion in the first six months of the year as it expanded offshore lending to mainland clients. The bank said yesterday asset quality on the mainland would stay ...

    http://www.scmp.com/business/banking-finance/article/1564557/bank-east-profits-rise-6pc-thanks-increase-mainland-lending
  2. Property - Hong Kong & China - EARNINGS

    COLI aims to launch property projects worth up to HK$110b in second half

    Posted Aug 02nd 2014, 01:31am by Langi Chiang

    ... Land & Investment (COLI), the biggest mainland developer listed in Hong Kong by market value, yesterday said core profit in the first half of the year jumped 33.7 per cent to HK$10.79 ... billion in a Bloomberg survey. Turnover, excluding those of the joint ventures and associates, increased 54 per cent from a year earlier to HK$49.57 billion, with 96.7 per cent from the mainland ...

    http://www.scmp.com/property/hong-kong-china/article/1564531/coli-aims-launch-property-projects-worth-hk110b-second-half
  3. Business - Companies - EARNINGS

    Hutchison Whampoa's first-half earnings beat analyst forecasts

    Posted Aug 01st 2014, 02:02am by CHIM SAU-WAI

    ... into 2014, leading to a constructive outlook for the group's businesses overall for the second half of 2014," said chairman Li, whose empire spans commercial properties in mainland China ... and amortisation (ebitda) fell 35 per cent to HK$3.9 billion, primarily due to lower sales and deferrals of various development projects on the mainland and Singapore to the second half of this year. ...

    http://www.scmp.com/business/companies/article/1563770/hutchison-whampoas-first-half-earnings-beats-analyst-forecasts
  4. Property - Hong Kong & China - EARNINGS

    Cheung Kong blames profit fall on developer discounts and incentives

    Posted Aug 01st 2014, 02:06am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Property company blames dent in sales margins on price discounts and other buyer incentives from local and mainland developers Cheung Kong's first-half core ... Kong and on the mainland to entice buyers have adversely affected the profit margin of property sales. "We continue to increase our interests in the infrastructure sector and we ...

    http://www.scmp.com/property/hong-kong-china/article/1563759/cheung-kong-blames-profit-fall-developer-discounts-and
  5. 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
  6. Property - Hong Kong & China - EARNINGS

    Hang Lung 'optimistic' as profit up 29pc to HK$2.48b in first half

    Posted Jul 31st 2014, 02:59pm by Yvonne Liu

    ... gearing ratio. They have sufficient resources for land acquisition. It is not easy for us to buy a plot," he added. Chan said on the mainland it was also difficult to buy a large site ...

    http://www.scmp.com/property/hong-kong-china/article/1563405/hang-lung-interim-core-profit-leaps-29pc
  7. Business - Companies - EARNINGS

    Houseware retailer takes MTR route to expansion

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

    ... 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
  8. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

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

    ... 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 ... term. Regarding mainland China, Guiony did not provide an explanation for the decline in growth other than pointing to a general difficult business climate affected by the government's ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  9. 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
  10. 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

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