Cosco International in quest for fuels firm

Cosco International, the shipping services subsidiary of the mainland's largest shipping company, might complete the purchase of marine fuels company China Marine Bunker (PetroChina) from parent Cosco by the end of this year.

Friday, 25 March, 2011, 12:00am

Li & Fung to have another go at doubling profit by 2013

Trading house Li & Fung aims to double its core operating profit to US$1.5 billion in three years despite having missed a similar goal last year.

25 Mar 2011 - 12:00am

CMU Fund seeks HK and mainland listings

China Mining United Fund (CMU Fund), the mainland's first private equity fund focusing on resources and mining, says it is preparing for listings in Hong Kong and on the mainland next year.

CMU chairman Zheng Zhi said assets in the potash, precious metals and new energy sectors could be included in the company's H- and A-share listings.

25 Mar 2011 - 12:00am

Twice Over's wide draw should open up Dubai World Cup

The US$10 million Dubai World Cup has been opened up by what appears to be a dismal gate position for warm favourite Twice Over.

25 Mar 2011 - 12:00am

Profits of Boom

The big profits made by developers over the past year are tangible testimony to the residential market's continued strength, characterised by strong demand and tight supply, a solid economy and record low mortgage rates.

Not surprisingly, luxury home sales have contributed a substantial amount of earnings to the stellar financial results of property giants.

25 Mar 2011 - 12:00am

Interesting times

For the past two years, mortgage interest rates have remained at ultra-low levels, but some analysts anticipate an upward trend later this year.

In fact, a few leading lenders have recently readjusted their mortgage rates, suggesting the interest rate cycle may have turned.

25 Mar 2011 - 12:00am

Huiyuan Juice profits from new products

China Huiyuan Juice Group, the biggest juice producer on the mainland, bounced back to the black last year after it diversified its product range and increased market share.

The company said net profit was 181.03 million yuan (HK$215.46 million), against a loss of 99.75 million yuan in 2009. Overall revenue rose 30.9 per cent to 3.71 billion yuan.

23 Mar 2011 - 12:00am

Hanny eyes commercial property

Hanny Holdings will shift its focus to mainland commercial property development because of the strong demand for high-end commercial property there.

Hanny invests in a wide range of industries. About 20 per cent of its revenue in the six months to September last year came from the business of water supply for industrial use.

22 Mar 2011 - 12:00am

IPOs not a good option for companies in mining industry

The Hong Kong government may want to make the city an IPO destination for resource industries, but for small mining and mining-related companies it makes much more sense to seek funding here through other platforms, such as venture capital and private equity, rather than initial public offerings.

22 Mar 2011 - 12:00am

Market primed to see 3 Group in profit at last

After nine years of red ink, investors are eagerly waiting for Hutchison Whampoa's controversial foray into third-generation (3G) mobile phones to finally turn a profit.

The 3 Group lost HK$998 million before interest and tax in the first half of last year, significantly less than the HK$5.45 billion deficit in the same period the previous year.

21 Mar 2011 - 12:00am

CLP reviews mainland nuclear investments

CLP Holdings is reviewing its mainland atomic power investments following the nuclear crisis in Japan and Beijing's rethink on its own nuclear policy.

21 Mar 2011 - 12:00am

Travellers' checks

Flying high

20 Mar 2011 - 12:00am

'Iodide' tablets seller may face charges

The owner of a Sheung Wan pharmacy may face charges after he was found selling what he alleged were iodide tablets, the food and health chief says.

Polysurplus Pharmaceutical store in Wing Lok Street was found to be offering for sale about 30 bottles of tablets labelled as potassium iodine.

19 Mar 2011 - 12:00am

Hidden risks of further turbulence

I was at an International Monetary Fund conference, in Bali, when the Japanese earthquake and tsunami occurred. As the tragedy unfolded over the weekend, it became clear that the crisis was complicated by nuclear considerations. All our sympathies and condolences go to our Japanese friends as they go through this terrible disaster.

19 Mar 2011 - 12:00am

Sino-Ocean targets record 30b yuan in sales

The central government's cooling measures in the property market have not stopped Sino-Ocean Land Holdings aiming for record contract sales of 30 billion yuan (HK$35.62 billion) this year, nearly 39 per cent more than last year.

19 Mar 2011 - 12:00am