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  • August 22, 2014
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  1. Business - Companies - EARNINGS

    Wynn Macau faces tough times as wages and resort design costs rise

    Posted Aug 21st 2014, 09:40am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Increase in design costs for a new resort puts further pressure on the casino operator's margins after profit edges down 1.24pc in first half Tough times in store for Wynn Macau as wages rise Casino and hotel operator Wynn Macau reported flat interim results and faces a tough second half as rising wages and design costs for its new resort, ...

    http://www.scmp.com/business/companies/article/1578275/wynn-macau-first-half-profit-down-124pc
  2. Business - China Business - EARNINGS

    Youku Tudou expects new growth prospects from Alibaba collaboration

    Posted Aug 21st 2014, 01:28am by BIEN PEREZ

    ... companies. "The partnership with Alibaba is very healthy and positive," Youku chief executive Victor Koo Wing-cheung said yesterday in a conference call with analysts. New York-traded Youku ... later this quarter and next quarter. Koo also said Alibaba and Youku were working on new opportunities in the home entertainment market. ...

    http://www.scmp.com/business/china-business/article/1577968/youku-tudou-expects-new-growth-prospects-alibaba
  3. Business - Companies - EARNINGS

    Shangri-La unveils new hotel brand 'Jen' as profit leaps 39 pc

    Posted Aug 21st 2014, 01:28am by TIFFANY AP

    ... new brand as profit leaps 39 pc Shangri-La Asia announced yesterday consolidated profit for the first half to June rose 39 per cent as the luxury chain relaunched its affordable business hotel brand to replace many of the Traders properties in its portfolio. The operator of the Shangri-La, Kerry and Traders chain of hotels said the new brand would be called "Hotel Jen". ...

    http://www.scmp.com/business/companies/article/1577991/shangri-la-unveils-new-hotel-brand-jen-profit-leaps-39-pc
  4. Business - Companies - EARNINGS

    Lenovo in 'attack' mode after record market share gains

    Posted Aug 14th 2014, 10:28am by BIEN PEREZ

    ... call from New York City. Yang said the company will bring more innovative consumer and enterprise products to market once its US$2.91 billion takeover of Google's Motorola Mobility ... technology giant Lenovo is gearing up to launch its new generation of smart devices, after posting strong earnings in the quarter to June on record global market share gains in personal computers, ...

    http://www.scmp.com/business/companies/article/1573353/gains-market-share-drive-23pc-jump-lenovos-earnings
  5. Business - Banking & Finance - EARNINGS

    Standard Chartered first-half profits plummet 20pc

    Posted Aug 06th 2014, 05:07pm by DON WEINLAND

    ... Like HSBC, Standard Chartered has also been hit with massive compliance costs in the US. New York state's financial regulator is preparing legal action against the bank for inadequate protection against money laundering, The New York Times reported on Tuesday. ...

    http://www.scmp.com/business/banking-finance/article/1567684/stanchart-first-half-pre-tax-profits-fall-20pc-line-market
  6. Business - Companies - EARNINGS

    Li & Fung warns of tough second half after 9pc fall in core operating profit

    Posted Aug 22nd 2014, 01:21am by CHIM SAU-WAI AND TIFFANY AP

    ... as the company's chief executive for the first time at its results briefing. "But our businesses still have growth and our order book is still healthy." American supermarket giant Wal-Mart ... business generated 60 per cent of its top line from the second half due to the addition of new brands. Global Brands' dividend payout ratio would be much lower than Li & Fung's, ...

    http://www.scmp.com/business/companies/article/1578732/li-fung-warns-tough-second-half-after-9pc-fall-core-operating
  7. Property - Hong Kong & China - EARNINGS

    Poly Property to step up sales drive to meet annual target

    Posted Aug 21st 2014, 03:58pm by LANGI CHIANG AND PEGGY SITO

    ... for sale, including three new ones. In the second half, it plans to launch eight projects for sale, making available products worth 24.6 billion yuan. The company bought nine land parcels in the first half, including land in Hong Kong and Guilin, in Guangxi province, for the first time. That pushed land reserves to 2.25 million sqmetres, and saw its gearing ratio rise to 73 per cent ...

    http://www.scmp.com/property/hong-kong-china/article/1578489/poly-property-profit-down-422pc
  8. Business - Companies - EARNINGS

    Singamas braces for big rush in container orders

    Posted Aug 21st 2014, 04:04pm by JING YANG

    ... it was facing in the United States had no merit. "New containers on the ground in China are about 0.5 million [teu], equivalent to two months' production, which is a fairly low level. I'm cautiously optimistic about a rush [for new orders] soon," chairman and chief executive Teo Siong Seng said at a media briefing yesterday. The bulk of containers currently in service are about ...

    http://www.scmp.com/business/companies/article/1578490/singamas-container-profits-sink
  9. Business - Companies - EARNINGS

    SCMP profit buoyed by strong print and online ad sales

    Posted Aug 22nd 2014, 01:21am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Focus on traditional and new media segments delivers 6pc gain in core profit for first half SCMP buoyed by strong print and online ad sales SCMP Group, publisher of the South China Morning Post, expects its core business to remain sturdy as the company sharpened its focus on developing strategic opportunities in both traditional print and new media ...

    http://www.scmp.com/business/companies/article/1578738/scmp-profit-buoyed-strong-print-and-online-ad-sales
  10. Business - Companies - EARNINGS

    Coolpad looks overseas to expand smartphone sales

    Posted Aug 21st 2014, 01:22pm by BIEN PEREZ

    ... customised smartphones for mobile network operators in Asia, North America, Europe and other markets. "The group will launch more new 4G models to the market in the second half of 2014, which ... earlier, on higher gross margins and brisk 4G smartphone sales. The group will launch more new 4G models … in the second half of 2014 GUO DEYING, CHAIRMAN, COOLPAD Revenue grew 55 per cent ...

    http://www.scmp.com/business/companies/article/1578382/coolpad-looks-overseas-expand-smartphone-sales

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