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  • September 17, 2014
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  1. 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 in the world's second-largest economy decelerates to the slowest pace since 1990. Analysts covering stocks listed on the Bloomberg China-US Equity Index estimate that on average they will post earnings ...

    http://www.scmp.com/business/money/markets-investing/article/1543911/profit-outlook-dims-mainland-china-firms-traded-us
  2. Business - China Business - EARNINGS

    Titan Petrochemicals back in black after selling off assets

    Posted Sep 01st 2014, 11:06am by Ray Chan

    ... and legal advisers to further speed up the debt restructuring process and the resumption of trading of the company’s shares,” said Zhao Xuguang, the chairman of the firm, which is seeking to resume trading in its stock after a halt of more than two years. Though undergoing the final stage of debt restructuring with major creditors, Titan did not generate any revenue from continuing ...

    http://www.scmp.com/business/china-business/article/1582812/titan-petrochemicals-back-black-after-selling-assets
  3. Business - China Business - EARNINGS

    Sinopharm sees first-half profit jump 27pc on government incentives

    Posted Aug 25th 2014, 10:58am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Sinopharm, the mainland’s largest pharmaceutical company, jumped to 17-month high in Hong Kong trading after it reported a 27 per cent increase in net profit for the first half of this year. Shares of Sinopharm jumped as much as 6.4 per cent to trade at HK$27.4 at 9.30am in Hong Kong, the highest since March 11 last year. It fell back to trade at HK$26.50 ...

    http://www.scmp.com/business/china-business/article/1580515/sinopharm-sees-first-half-profit-jump-27pc-government
  4. Business - Commodities - EARNINGS

    Sinopec Kantons shares up 7pc after 63.4pc jump in first-half profit

    Posted Aug 22nd 2014, 11:41am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of Sinopec Kantons, the oil trading and energy logistics arm of the mainland’s second largest oil and gas producer, China Petroleum & Chemical ... cent year on year to HK$139.6 million. Anticipation of [the asset] injection in the coming weeks could help the stock outperform Gordon Kwan, Nomura Securities Crude oil trading and vessel ...

    http://www.scmp.com/business/commodities/article/1579039/sinopec-kantons-shares-7pc-after-634pc-jump-first-half-profit
  5. Business - Companies - EARNINGS

    Citic’s interim core profit flat, supported by earnings from property development

    Posted Aug 29th 2014, 02:14pm by Eric Ng

    ... the sale of a stake in Citic Telecom. First-half revenue grew 13.1 per cent to HK$46.7 billion this year. Citic’s share price traded 2.45 per cent higher to end at HK$15.08 on Friday, just off ... that of the tunnels operation grew 4 per cent to HK$309 million. Net earnings at trading unit Dah Chong Hong slid 8 per cent to HK$236 million. Standard Chartered analyst Judy Zhu said in a research report ...

    http://www.scmp.com/business/companies/article/1581677/citics-interim-core-profit-flat-supported-earnings-property
  6. Business - Commodities - EARNINGS

    Chalco shares take a beating on poor results

    Posted Aug 29th 2014, 12:48pm by Eric Ng

    ... note on Friday. Barclays’ analysts said Chalco’s smelting operation would need Shanghai’s aluminium price to be sustained at around 15,000 yuan a tonne to break even. It was trading at about ...

    http://www.scmp.com/business/commodities/article/1581668/chalco-shares-take-beating-poor-results
  7. Business - Companies - EARNINGS

    SmarTone eyes better days ahead

    Posted Sep 01st 2014, 04:21am by BIEN PEREZ

    ... to the increase in the number of Hong Kong adults with metabolic syndrome, which increases the risk of heart disease and diabetes. Shares of SmarTone last traded at HK$11.44. ...

    http://www.scmp.com/business/companies/article/1582454/smartone-eyes-better-days-ahead
  8. Business - Companies - EARNINGS

    Cosco Pacific and CIMC post slump in profits

    Posted Aug 26th 2014, 01:10pm by JING YANG

    ... Jing Yang jing.yang@scmp.com Container transport players report disappointing first-half results despite improving trade volumes and warn of more headwinds Cosco Pacific and CIMC post slump in profits Players in the container transport sector were buffeted by disappointing numbers despite an upturn in trade volumes during the first half, the latest corporate earnings showed. ...

    http://www.scmp.com/business/companies/article/1580764/cosco-pacific-profit-21pc
  9. Business - Commodities - EARNINGS

    Towngas posts 2.96pc rise in net profit

    Posted Aug 26th 2014, 10:12am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of Hong Kong and China Gas (Towngas), Hong Kong’s only piped gas supplier, rose 0.44 per cent to HK$18.28 in early trading on Tuesday after it reported a 2.96 per cent year-on-year rise in net profit to HK$3.73 billion for the year’s first-half after the market closed on Monday. Excluding a property revaluation gain last year’s first half ...

    http://www.scmp.com/business/commodities/article/1580740/towngas-posts-296pc-rise-net-profit
  10. Business - China Business - EARNINGS

    Drilling division’s 32.6pc jump in profit boosts China Oilfield Services

    Posted Aug 27th 2014, 10:15am by Eric Ng

    ... a 39.1 per cent year-on-year rise in first-half net profit to 4.42 billion yuan (HK$5.56 billion) on Tuesday night. They traded at HK$21.80 at 1.51pm, after surging as much as 13.4 per cent to HK$22.80 – the highest in seven months – in early morning trade. The profit was 22.5 per cent higher than the 3.61 billion yuan average estimate of analysts polled by Thomson Reuters. First-half ...

    http://www.scmp.com/business/china-business/article/1581056/drilling-divisions-326pc-jump-profit-boosts-china-oilfield

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