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  • August 2, 2014
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  1. Business - Money - STOCKS

    Gift crackdown takes toll on store operators

    Posted Feb 19th 2013, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com High-end retailers hit by fears of further fallout from campaign against government spending Gift crackdown takes toll on store operators ... further hurt high-end retail sales. Leading the sales plunge was Intime Department Store, which fell 3.7 per cent to HK$10 yesterday. Jiangsu-based Golden Eagle Retail dropped 3.1 per cent ...

  2. Business - Money - STOCKS

    Shares of retailers sold down on weak holiday sales

    Posted Oct 09th 2012, 12:00am by Sophie Yu, Christy Choi

    ... Sophie Yu and Christy Choi Retailers drop on weak holiday sales Shares of retailers, especially gold and jewellery sellers, fell yesterday, the first day after the "golden week" holiday on the mainland, amid concerns that retail sales during the period had been much weaker than expected. The Hong Kong Retail Management Association said it had revised expected sales growth ...

  3. Business - China Business - STOCKS

    No golden week for retail stocks

    Posted Oct 04th 2012, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Shares in the sector plunge on fears mainland shoppers are buying less during holidays No golden week for retail stocks Retailing stocks declined ... disappointing for some Hong Kong retailers who had expected to boost their businesses during the week between September 30 and October 7. "The customer traffic for the past few days is definitely ...

  4. Business - Banking & Finance - STOCKS

    Relaxed travel rules spark rally in shares of HK retailers

    Posted Aug 28th 2012, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Relaxed travel rules spark rally in retailers The share prices of Hong Kong retailers surged yesterday on expectations that eased regulations for mainlanders visiting the city would bring more shoppers from across the border. Cosmetics retailers, department store operators, and high-end jewellery and watch sellers, which may benefit from ...

  5. Business - China Business - STOCKS

    Shareholders eye slice of Gome founder's cash

    Posted Apr 18th 2014, 01:17am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Vote to accept HK$420m compensation from Wong Kwong-yu brings call for special dividend Shareholders eye slice of Gome founder's cash Shareholders of mainland retailer Gome Electrical Appliances yesterday voted almost unanimously for the company to accept HK$420 million from its jailed founder and his wife as compensation for their misconduct ...

  6. Business - Money - STOCKS

    Rakuten's Viber purchase sparks share sell-off

    Posted Feb 18th 2014, 04:34am by Bloomberg

    ... Bloomberg in Tokyo Rakuten's Viber purchase sparks share sell-off Shares in Rakuten, the Japanese online retailer controlled by billionaire Hiroshi Mikitani, plunged in Tokyo trading after the company announced plans to buy the Viber internet messaging and calling service for US$900 million. The deal adds to Rakuten's recent acquisitions of stakes in social-network ...

  7. Business - Money - STOCKS

    Strong rally fuels gamble on Tencent

    Posted Feb 22nd 2014, 01:15am by Sophie Yu

    ... company's shares almost doubled in value to end last year at HK$494.60, against HK$249 at the end of 2012. Shirley Kwok, a director and head of retail and listed product sales at BNP, said the bank ...

  8. Business - Money - STOCKS

    Chinalco Mining tumbles 6.3pc on trading debut

    Posted Jan 31st 2013, 12:02pm by Eric Ng

    ... a copper mine in Peru, closed 6.3 per cent lower than their offered price on their trading debut yesterday. The sharp price fall might have been caused by retail investors, who tended to have ... of HK$1.75 and a high of HK$1.67 before closing at HK$1.64. Retail investor sentiment for metals stocks was probably also dampened by comments from the China Iron & Steel Association yesterday ...

  9. Business - China Business - STOCKS

    Mainland bosses 'feel brunt' of stock slump

    Posted Dec 08th 2012, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Report says the 10 wealthiest lost more than 35 billion yuan in value of their shares this year Super rich bosses big losers in stock slump Retail ... to the journal. The value of his shares on Thursday had fallen 31.4 per cent since the end of last year. The mainland stock market has been among the world's worst-performers since 2010. Retail ...

  10. Business - Companies - STOCKS

    Prince Frog's market value plummets after accusations of fake sales data

    Posted Oct 16th 2013, 03:37pm by Jeanny Yu

    ... moisturising lotions last year, but in fact it only sold 135 million yuan worth, the report said, citing Nielsen, which acquired independent data directly from retailers. Prince Frog shares plummeted ...




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