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  • April 20, 2014
  • Last updated: 8:57am
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  1. Business - Commodities - ENERGY

    Gas sales growth eyed by Beijing Enterprises

    Posted Apr 01st 2014, 01:20am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Distribution arm Beijing Enterprises enjoys 29.3 per cent earnings increase despite mild winter and targets growing urbanisation Beijing gas unit to speed sales after profit rise Beijing Enterprises Holdings, the Hong Kong-listed natural gas distribution arm of the Beijing municipal government, said it is targeting faster gas sales growth this year, ...

  2. Business - Companies - ENERGY

    Power Assets plans overseas acquisitions after Hong Kong sale

    Posted Feb 26th 2014, 01:14am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Li Ka-shing's utilities firm will target overseas assets after selling stake in Hongkong Electric Power Assets plans acquisitions after HK sale Power Assets Holdings, an international utilities firm controlled by tycoon Li Ka-shing, says it will seek to buy assets in developed markets to plug a profit gap after it sold a large chunk of its Hong Kong ...

  3. Business - Commodities - ENERGY

    China’s coal miners in crisis

    Posted Apr 02nd 2014, 09:45am by Reuters

    ... expansion spree. With banks acting as sales agents for the high-yield products shadow banks offer, major lenders risk severe losses if weak corporate borrowers default. While the fire sale of luxury ...

  4. Business - Commodities - ENERGY

    Husky bullish on gas exploration potential in South China Sea

    Posted Apr 02nd 2014, 05:45am by Eric Ng

    ... demand, which has been rising about 15 per cent a year and amounted to 167 billion cubic metres last year. No sales contract has been fixed for the third field, with Hong Kong being one potential ...

  5. Business - Companies - ENERGY

    SPT dismisses concerns over cost cuts at oil giants

    Posted Mar 31st 2014, 05:27am by Eric Ng

    ... its products are of a better quality than those of most makers. Last week, SPT posted a 21.3 per cent rise in net profit to 300.4 million yuan (HK$378 million) for last year as sales grew 31.9 ...

  6. Business - Commodities - ENERGY

    Falling margin fails to hold back ENN Energy's expansion plans

    Posted Mar 31st 2014, 05:27am by Eric Ng

    ... sales surged 34.2 per cent to 3.1 billion yuan last year, accounting for 13.4 per cent of the total, up from 12.8 per cent in 2012 but behind ENN's goal of 20 per cent next year. Cheung ...

  7. News - Hong Kong - ENERGY

    Deadline looms for sales of incandescent light bulbs in city

    Posted Dec 30th 2013, 04:57am by Edward Tang

    ... energy-efficiency," she said. "The incandescent bulb makes up only a minimal share of overall sales. The volume is not increasing." Local lighting chain PLC said it had not signed the charter ... cut-off date for incandescent light bulbs, because some in the industry are still carrying a huge quantity," PLC senior marketing executive Yennis Ng said. She attributed the decline in sales ...

  8. Business - Commodities - ENERGY

    CRP 'has no plans' to play Hong Kong's power game

    Posted Mar 18th 2014, 01:11am by Eric Ng

    ... with analysts' estimate. Sales grew 11.4 per cent to HK$69.58 billion on the back of a 12 per cent rise in sales volume due to new plant startups and a 0.6 per cent fall in average selling price. ...

  9. Business - Commodities - ENERGY

    Mongolian Mining sees weakness ahead for coking coal prices

    Posted Mar 12th 2014, 01:26am by Eric Ng

    ... doubled to US$95.1 million. Revenue fell 7.8 per cent to US$437.3 million as the 15 per cent fall in the average selling price offset a 26 per cent jump in hard coking coal sales volume to 4.3 ...

  10. Business - Commodities - ENERGY

    PetroChina, Sinopec to seek private capital

    Posted Mar 05th 2014, 12:24pm by Eric Ng

    ... to sell up to 30 per cent of its fuel marketing division to non-state entities. The division owns over 30,000 fuel stations, the world's largest network, but the sales and profits per station are low compared with those in developed markets, since high-margin non-fuel sales are at an early stage of development, analysts said. Fu said natural gas development will also be an area ...




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