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  • July 31, 2014
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  1. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

    Posted Jul 25th 2014, 01:35am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com CKI, Power Assets on acquisition trail after sizeable one-off gain from HK Electric sale Li firms seek new investments after windfall profit Cheung Kong ... infrastructure arena, both in new and existing sectors and geographies," chairman Victor Li Tzar-kuoi said in a statement while announcing a 367 per cent year-on-year jump in net profit to HK$24.11 ...

  2. Business - Companies - EARNINGS

    Tom gears up for growth on the back of e-commerce venture's gains

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... to a disposable gain of HK$157 million from new investments raised in January and the 354 per cent year on year growth posted by Ule, the company's offline-to-online shopping venture with China Post. ... of last year. Tom expected Ule to benefit from a new sales initiative across the mainland's rural areas. Supported by China Post's vast infrastructure, Ule is encouraging rural store ...

  3. Business - Companies - EARNINGS

    Hutchison Telecom expects better days ahead after drop in 1H net profit

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... rational market and [the] anticipated launch of exciting smart devices in the fourth quarter of this year are expected to bring new excitement and growth back to an otherwise stagnant mobile ... rivals HKT and CSL New World Mobility would help stabilise price competition in the city's mobile market, as the number of players were reduced to four from five previously. ...

  4. Business - Companies - EARNINGS

    China sales help Nissan close in on chief Carlos Ghosn's key targets

    Posted Jul 29th 2014, 01:05am by BLOOM

    ... per cent this year, compared with a 4.7 per cent decline for the benchmark Nikkei 225 Stock Average. "Encouraging demand for new products, benefits from recent plant investments, ... in the world's largest car market. Nissan still has to grapple with start-up costs with new plants in emerging markets. The carmaker opened its second plant in Thailand this month and will start ...

  5. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Bloomberg in New York IBM revenue falls further but beats market target International Business Machines Corp's second-quarter sales topped analysts' estimates, getting chief executive Ginni Rometty closer to her profit goals. While revenue fell 2 per cent from a year earlier to US$24.4 billion- the ninth consecutive quarterly drop- declines for products like mainframe ...

  6. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... time to pay off. LVMH's sales growth in the quarter reached 3 per cent on a like-for-like basis, below analysts' expectations for 5 to 6 per cent, while operating profit in the first ...

  7. Business - China Business - EARNINGS

    Mobile business boosts Baidu sales amid overseas expansion

    Posted Jul 26th 2014, 01:39am by Bien Perez and Sophie Yu

    ... to 11.99 billion yuan from 7.56 billion yuan. Baidu's mobile business, mostly search-related income, contributed 30 per cent to the company's revenue for the first time. "We hold ...

  8. Business - Companies - EARNINGS

    Facebook beats targets with 61pc boost in second-quarter revenue

    Posted Jul 25th 2014, 01:35am by Reuters

    ... was expecting this level of profitability RONALD JOSEY, JMP SECURITIES "We're seeing our existing advertisers spend more and we're seeing new people come on to the platform," ... of US$2.81 billion. Facebook executives stressed on a conference call that the company planned to invest aggressively in new projects, such as the Oculus virtual reality headset business ...

  9. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Bloomberg in Taipei iPhone maker to add 15,000 workers in Taiwan and boost automation in bid to tap new markets Foxconn chief calls for patience as growth slows Foxconn Technology chairman Terry Gou asked shareholders to give him time to invest in new businesses including car electronics and cloud computing as he chases clients such as Tesla Motors amid slowing sales. "Please ...

  10. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... Bloomberg in New York Outlook dims over China slowdown The most actively traded mainland companies in the United States are on track to report the smallest profits in two years as growth ... Prices of new homes declined last month in half the 70 mainland cities tracked by the government for the first time in two years. SouFun, the country's biggest real estate information ...




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