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  • November 23, 2014
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  1. Analysts bullish on good start for mainland stocks

    Posted Feb 02nd 2009, 12:00am by Nick Westra

    ... Wong Ka-chun and Nick Westra Mainland shares could open trade in the Year of the Ox today on a bullish note as a result of further stimulus measures taken around the world during the Lunar ... around the region rallied last week while the mainland market was shut for the holidays. Hong Kong's benchmark Hang Seng Index has risen 700 points in the past two trading days. Chan ...

  2. Volatile trade marks start of HSBC offering

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

    ... by April 3 whether to take up the new shares. They can trade their rights to the shares between March 23 and March 31. 'The rights issue will be 100 per cent okay, but what I'm doubtful ... to 2.19 billion yuan (HK$2.48 billion). ...

  3. Foreign firms cleared for listing in Shanghai

    Posted Apr 30th 2009, 12:00am by Nick Westra

    ... Daniel Ren in Shanghai and Nick Westra Beijing will allow foreign companies to list on the Shanghai Stock Exchange and use the yuan for trade settlements on a trial basis in the city- two ... the long-heralded stock index futures market, the introduction of more foreign funds to the yuan-denominated A-share market, and the use of the yuan in international trade settlement. 'The State ...

  4. ICBC profit rises 6.2pc on lending, fee income gains

    Posted Apr 28th 2009, 12:00am by Nick Westra

    ... fee income helped offset a shrinking net interest spread. ICBC, the world's biggest bank by market value, said attributable earnings rose to 35.15 billion yuan (HK$39.9 billion) from 33.11 billion yuan a year ago and were 94 per cent higher than profit in the fourth quarter of last year. The result beat the 33.6 billion yuan average estimate of five analysts in a Bloomberg ...

  5. Oil hub bid does not hold water

    Posted Jun 26th 2008, 12:00am by Eric Ng, Nick Westra

    ... delivery of fuel oil could exchange yuan into US dollars to execute trades. An industry source said: 'The HKMEx is more tailored for hedgers and speculators that do not need physical ... Nick Westra and Eric Ng Experts say HK's importance as trading centre overestimated The government's ambitions to develop Hong Kong into an oil trading hub was met ...

  6. Asian equity capital markets take hit as slump keeps investors away

    Posted Sep 26th 2008, 12:00am by Nick Westra

    ... Thomson Reuters. And initial public offerings of mainland companies plummeted 54.4 per cent in the domestic market and 80.4 per cent in offshore listings excluding Hong Kong. Increasing economic ... month year on year, compared with a 26.9 per cent jump in July. The government has already tried to support the export sector by reducing export levies and slowing the yuan's appreciation. ...

  7. Haitong deal heralds rush from mainland

    Posted Nov 24th 2009, 12:00am by Amanda Lee, Nick Westra

    ... benefited from the expansion of the stock market. For the first half of this year, Haitong's net profit was 2.45 billion yuan (HK$2.78 billion), up 21.9 per cent from 2.01 billion yuan last year. Revenue increased 2.2 per cent to 4.13 billion yuan from 4.04 billion yuan. Its larger rival, Citic Securities, which has been advising a number of mainland firms such as Fantasia Holdings ...

  8. Growth in region to surpass expectations

    Posted Sep 23rd 2009, 12:00am by Nick Westra

    ... show the recovery.' Most economies in the region have improved on the back of strong domestic-led growth that has helped them survive shrinking trade revenues resulting from slumping ... system. Mainland markets have been flooded with the combination of Beijing's four trillion yuan (HK$4.54 trillion) stimulus plan and more than 8.1 trillion yuan worth of new bank lending so ...

  9. China Eastern cash call plan brings little joy

    Posted Dec 31st 2008, 12:00am by Nick Westra

    ... position by raising 7 billion yuan (HK$7.94 billion) through an issue of A and H shares to state-owned parent China Eastern Air Holding. 'The market was talking about a 9 billion to 10 billion yuan injection but now it is only 7 billion and investors were a little bit disappointed,' said Kelvin Lau, a transport analyst at Daiwa Institute of Research. 'And in the long term, ...

  10. Full regional recovery a long way off, says Deutsche Bank expert

    Posted Aug 24th 2009, 12:00am by Nick Westra

    ... Nick Westra While key Asian economies have shown signs of a turnaround, a full recovery may still be a long way off as trading levels continue to tumble amid the prolonged slump ... but near-term improvement would be neither strong nor steady. Countries with economies that are not dependent on external trade- such as India, Indonesia and Vietnam- may be the ones that stand the best ...




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