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  • August 29, 2014
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  1. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer targeting petrol station chain after reporting 13pc rise in first-half net profit China Life in bid for Sinopec unit China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  2. Business - Commodities - EARNINGS

    Oil and gas producer PetroChina posts 4pc first-half profit rise

    Posted Aug 29th 2014, 01:14am by Eric Ng

    ... to two oil and gas production units as part of state enterprise reform. The profit is 3.7 per cent higher than the average 65.7 billion yuan forecast by analysts polled by Thomson Reuters ... also plans to make its oilfield services units' more market-oriented and let local units conduct their own materials procurement to enhance efficiency, he added. "In the long term, ...

    http://www.scmp.com/business/commodities/article/1581588/oil-and-gas-producer-petrochina-posts-4pc-first-half-profit
  3. Business - China Business - EARNINGS

    BYD pins hopes on new-energy vehicles after profit drops

    Posted Aug 26th 2014, 01:10am by Kwong Man-ki

    ... of this year would continue to rise. BYD has a full-year NEV sales target of 20,000 units after selling 7,600 units in the first half. Revenue contribution from NEV sales could be increased to between ... said BYD would expand its production capacity, which at present cannot meet the strong demand for the Qin. Monthly capacity for the model could be increased to more than 3,000 units next year ...

    http://www.scmp.com/business/china-business/article/1580659/byd-pins-hopes-new-energy-vehicles-after-profit-drops
  4. Business - Companies - EARNINGS

    Net income triples at Alibaba as revenue jumps 46pc

    Posted Aug 28th 2014, 01:53pm by Reuters

    ... have been investing heavily to develop their mobile platforms. "Our current focus is on increasing mobile [gross merchandise volume] and user engagement," Alibaba said in a United ...

    http://www.scmp.com/business/companies/article/1581422/net-income-triples-alibaba-revenue-jumps-46pc
  5. Business - Commodities - EARNINGS

    China Datang expects use of wind farms to rise in second half

    Posted Aug 27th 2014, 01:27am by Eric Ng

    ... Renewable Power, the wind and solar power unit of one of the mainland's big five national power generation groups, expects wind farms utilisation to pick up in the year's second half after dropping in the first half because of weak wind resources and causing the firm to fall into a net loss. The Hong Kong-listed unit of China Datang Group was aiming for full-year plant utilisation ...

    http://www.scmp.com/business/commodities/article/1580989/china-datang-expects-use-wind-farms-rise-second-half
  6. Business - China Business - EARNINGS

    Want Want profit rises 3.5pc as China Foods’ losses shrink 56pc

    Posted Aug 26th 2014, 03:36pm by Sophie Yu

    ... – respectively accounted for 16.4 per cent, 53.3 per cent and 30.1 per cent of total revenue. Meanwhile, China Foods, the edible-oil and beverage unit of the mainland’s largest food importer ...

    http://www.scmp.com/business/china-business/article/1580802/want-want-profit-rises-35pc-china-foods-losses-shrink-56pc
  7. Business - Companies - EARNINGS

    Singapore shooting-range builder Starburst to gain from Mideast unrest

    Posted Aug 26th 2014, 01:10am by BLOOM

    ... spending surges following the Arab Spring uprisings. The company was pursuing as many as six contracts to provide firearms training facilities to countries including the United Arab Emirates, ... earnings at the last close, compared with 36.5 at Cubic Corp, a United States supplier of combat training systems. "Order wins in Qatar, the UAE and Kuwait are possible, but the big upside ...

    http://www.scmp.com/business/companies/article/1580638/singapore-shooting-range-builder-starburst-gain-mideast-unrest
  8. Property - Hong Kong & China - EARNINGS

    Henderson Land's underlying profit jumps 46pc

    Posted Aug 27th 2014, 01:28am by Peggy Sito

    ... said it had a strong land bank with about 2,600 finished and unfinished units in Hong Kong available for sale, and 31 urban redevelopment projects with 80 to 100 per cent of their ownership ...

    http://www.scmp.com/property/hong-kong-china/article/1580962/henderson-lands-underlying-profit-jumps-46pc
  9. Business - Companies - EARNINGS

    MTR to take HK$3 b hit over project delays

    Posted Aug 25th 2014, 05:36pm by CHIM SAU-WAI, JING YANG

    ... "The drop in profit was mainly due to [lower] sales from inventory units and [lower] agency fees from the West Rail property developments," said acting chief executive Lincoln Leong. ...

    http://www.scmp.com/business/companies/article/1580581/mtr-net-grows-285pc-profit-property-development-slumps
  10. Business - Companies - EARNINGS

    Geely cuts annual sales target after 20.4pc fall in first-half earnings

    Posted Aug 20th 2014, 02:44pm by Kwong Man-ki

    ... 32 per cent to 10.2 billion yuan, with car sales falling 29 per cent year on year to 187,296 units, meeting just 32 per cent of its full-year target. In a statement to the Hong Kong stock exchange yesterday, the mainland carmaker said it had decided to revise its full-year sales target to 430,000 units from 580,000 units. The new target is about 22 per cent less than what ...

    http://www.scmp.com/business/companies/article/1577677/geely-cuts-annual-sales-target-after-204pc-fall-first-half

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