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  • November 23, 2014
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  1. Retailers thrive as policy support boosts consumer mood, spending

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

    ... Nick Westra Hong Kong and mainland retailers have just closed the book on a strong set of interim results, signalling that government efforts to improve domestic consumption and offset ... department stores also improved their bottom lines. Analysts expect that all boats may be lifted by the rising tide of mainland retail sales growth, which jumped 15.4 per cent last month for its ...

  2. Renhe offering fails to attract retail investors

    Posted Oct 01st 2008, 12:00am by Nick Westra

    ... Wong Ka-chun and Nick Westra Hong Kong retail investors are shying away from the HK$5.1 billion initial public offering of mainland underground shopping centre operator Renhe Commercial Holdings amid the volatile stock market. Four local brokerages- Phillip Securities, Bright Securities, Taifook Securities and Celestial Securities- said they did not receive any orders from retail ...

  3. Economic news sees export, retail stocks flounder

    Posted Aug 16th 2008, 12:00am by Nick Westra

    ... Nick Westra Export and retail stocks slumped yesterday as local investors cut back their exposure to the global market after mounting evidence from overseas economies this week suggesting ... began in earnest yesterday as Foxconn slid 9.42 per cent to HK$7.69, outpacing the decline of the Hang Seng Index yesterday. Esprit Holdings, a global retailer, and Li & Fung, a supplier ...

  4. Bossini shares surge on speculation of fresh takeover bid

    Posted Aug 25th 2009, 12:00am by Nick Westra

    ... talks that fizzled out last month. The retailer of casual clothing climbed as much as 36 per cent before finishing the day up 24 per cent at 46.5 HK cents. It has gained 30.99 per cent since ... said discussions had been terminated. Investors had hoped the takeover talks would trigger a mandatory offer for the retailer's outstanding stock. Mr Law's departure gave a fresh jolt ...

  5. Online start-up puts city's shops on map

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

    ... Nick Westra Technology start-up Diggraph says it has come up with the next big idea on how to navigate through Hong Kong's retail options and has already put it on the map. Literally. ... to the user's preference. The map, which was started in October 2007, added the shopping dimension last month. Retailers do not currently pay Diggraph to display their outlet locations, ...

  6. Big profit fall likely at China Resources

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

    ... Nick Westra China Resources Enterprise, a conglomerate with core interests in retail, breweries and food distribution, is likely to report sharply lower profits for last year after ... Erica Poon Werkun wrote in a report released last week. 'China Resources' retail business also suffered a meaningful decline in the fourth quarter.' The company will not have many ...

  7. Esprit slumps 15pc on gloomy profit outlook

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

    ... Nick Westra Shares of Esprit Holdings plummeted the most in 10 months after a spate of brokerages warned that tough times are still ahead for the global clothing retailer, which announced ... on Wednesday. The retailer reported net profit fell 26 per cent to HK$4.7 billion for the year to June. Total turnover in Hong Kong shrank 6.6 per cent. Twelve brokerages have updated their coverage ...

  8. Chigo's shares cool down after feverish debut

    Posted Jul 14th 2009, 12:00am by Nick Westra

    ... 10.57 per cent at HK$2.51, with almost HK$280 million worth of shares changing hands. The retail portion of the offering was 346 times oversubscribed. Investors gained up to HK$480 for each ... on the HK$5.9 billion offering by BBMG Corp, a building-materials provider, despite the weakened market sentiment. BBMG is due to open its offering for retail orders this Friday, and the margin ...

  9. HSI extends slide amid regional market sell-off

    Posted Jan 16th 2009, 12:00am by Nick Westra

    ... Nick Westra HK stocks retreat to 7-week low after grim US retail figures Sellers descended on the stock market during yesterday's global rout after news of a historic collapse in United States retail sales and a wave of corporate profit warnings. The Hang Seng Index declined to a seven-week low, dropping 461.65 points or 3.37 per cent to 13,242.96. All quarters ...

  10. Electronics producers find favour in rally

    Posted Apr 18th 2009, 12:00am by Nick Westra

    ... economy would benefit retailers. BYD Electronic International soared 16.51 per cent yesterday to HK$3.60. The handset component maker finished up 29.96 per cent on the week for its best ... given way to consumer-related stocks that may benefit from the economic rebound across the border. Investors were encouraged by recent data that showed retail sales on the mainland rose 14.7 per ...




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