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  • November 28, 2014
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  1. MTR core profit jumps 43pc but outlook unclear

    Posted Aug 12th 2009, 12:00am by Denise Tsang

    ... executive Chow Chung-kong said yesterday. Mr Chow said MTR would focus on keeping a lid on costs and expected the economic outlook to remain uncertain for the rest of the year. 'Sentiment in the stock and property markets has improved significantly, but economic recovery is less clear,' he said. 'How strongly and how fast the economy will recover remain to be seen.' ...

  2. Jardine forecasts mixed outlook for group units

    Posted Mar 07th 2009, 12:00am by Denise Tsang

    ... The warning came even though the company reported a 14 per cent rise in underlying earnings to a record US$822 million last year. Taking into account a deficit in property revaluation and non-trading items, attributable profit fell 64 per cent to US$666 million on a 14 per cent rise in revenue to US$36.15 billion last year. With the revaluation of properties- primarily from Hongkong Land, ...

  3. Li & Fung outlook cloudy despite stake sale

    Posted Sep 09th 2008, 12:00am by Denise Tsang

    ... outlook in Li & Fung's core market and analysts' fears that it would miss its 2010 growth target sent the stock tumbling almost 14 per cent from August 13 to last Friday. The trade ... consumer market, which hinged on crude oil prices and the property sector, was unlikely to see growth until the end of next year. 'Housing prices have come down a lot, but the question is when ...

  4. NWS says weak markets cloud earnings outlook

    Posted Oct 09th 2008, 12:00am by Denise Tsang

    ... prices could ease negative pressure on profitability, but Mr Tsang said the bus companies posted losses even at lower petrol prices. A portion of the proceeds from property sales was distributed ...

  5. Early gains evaporate as outlook catches bird flu

    Posted Oct 26th 2005, 12:00am by Denise Tsang

    ... haunted investors and erased the 100-point plus gains in the benchmark Hang Seng Index earlier in the day, brokers said. Interest rate-sensitive property counters extended losses whereas mainland ... for a fresh round of interest-rate increases at a Fed meeting on Tuesday. Leading the fall in property counters was New World Development, which closed down 1.05 per cent to $9.45, taking its losses ...

  6. China Resources bullish on outlook

    Posted Sep 09th 2005, 12:00am by Denise Tsang

    ... according to managing director Mark Chen Shulin. Although $326 million of the growth came from revaluation of investment properties in accordance with new accounting policies, the conglomerate saw a double-digit rise in underlying profit across its core businesses of retail, beer, foodstuff distribution, textile and property in the six months to June. A favourable economic outlook ...

  7. Shanghai home prices fall 24pc

    Posted Sep 06th 2008, 12:00am by Denise Tsang, Yvonne Liu

    ... to a bleak economic outlook and slowing corporate profit growth. He feared that the property slump could ultimately hurt economic growth and the quality of banks' property-related assets. Lee ... since July 2005, according to a report in Shanghai Securities News. The property report by an 'authoritative market research institution' said prices of new homes fell 24 per cent from ...

  8. Xinao revenue swells despite factory closures

    Posted Apr 14th 2009, 12:00am by Denise Tsang

    ... in a US$700 million gas project in Vietnam, a plan originally considered by the group and his privately owned company, because of the poor economic outlook of the Southeast Asian country. The decision ... Wang said. The remaining 6 billion yuan would be spent by 2013. ...

  9. Peninsula owner eyes tourism lift after profit drop

    Posted Aug 27th 2009, 12:00am by Denise Tsang

    ... Beijing and Manila and the Quail Lodge golf resort in California. 'The immediate outlook of our hotel business will remain soft across our main markets, even though we have recently seen some ... net profit slumped 71 per cent to HK$462 million, or 32 HK cents per share, after including various exceptional items such as the revaluation surplus of its investment properties. Turnover ...

  10. Business index drops as credit crisis worsens

    Posted Oct 10th 2008, 12:00am by Denise Tsang

    ... of this year are expected to provide an even bleaker outlook as Hong Kong-owned firms across the border widely fear crumbling appetite for consumer goods. Economists do not believe the unprecedented, ... Hong Kong manufacturers and exporters face tighter cash flow, receivable problems and a bearish outlook for spring orders. Hong Kong Chamber of Small and Medium Business president Dennis Ng ...




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