• Fri
  • Dec 19, 2014
  • Updated: 8:26am


Chaoda tumbles as analysts question spending policies

Shares in mainland vegetable farmer Chaoda Modern Agriculture tumbled 5 per cent yesterday after analysts raised strong questions about the company's high levels of capital expenditure, with one saying he had no idea where the money was going.

Wednesday, 2 March, 2011, 12:00am

Resourcehouse revives plan for US$3b offering

Australian billionaire Clive Palmer's mining company Resourcehouse has revived its US$3 billion Hong Kong listing plan despite recent market jitters from the political tensions in the Middle East and North Africa.

2 Mar 2011 - 12:00am

Samling defends its business after Norwegian fund dumps holding

Samling Global, the Hong Kong-listed forestry firm, said yesterday that the Norwegian Pension Fund may not have understood its business when the sovereign wealth fund dumped its entire holding in a Samling subsidiary last month over environmental concerns.

2 Mar 2011 - 12:00am

Second BOC officer on minibond charges

A Bank of China manager faced the District Court yesterday accused of misrepresenting Lehman Brothers minibonds to customers - two weeks after colleague Cheung Kwai-kwai was acquitted of similar charges.

2 Mar 2011 - 12:00am

Thieves target wealthy street

Police have stepped up patrols and are warning Sai Kung residents to be more aware of security after the fourth home robbery in the past three months.

Three burglars broke into a luxury house in Fei Ngo Shan early yesterday and escaped with cash, valuables and ginseng worth HK$300,000.

2 Mar 2011 - 12:00am

Lai See

Assessing the true value of INEDS

1 Mar 2011 - 12:00am

Integration of markets on the cards

One in 10 brokerage firms in Hong Kong is from the mainland - a figure that Securities and Futures Commission chairman Eddy Fong Ching expects will rise in the next few years.

1 Mar 2011 - 12:00am

California dreaming

One of the first things Chris Lau Wing-nam did when he returned from his studies in Australia this year was head to Lan Kwai Fong for a fun night out. But as he made the familiar trek up D'Aguilar Street, the 22-year-old was taken aback to see a gaping hole where the California Tower and California Entertainment Building once stood.

28 Feb 2011 - 12:00am

AIA beats market forecast with 54pc jump in earnings

AIA Group, Asia's biggest insurer in terms of premium income, has reported a better-than-expected 54 per cent increase in its first full-year profit after its listing.

26 Feb 2011 - 12:00am

Sino Land's core profits up 20pc

Sino Land recorded 20 per cent growth in its underlying profit in the second half of last year on the back of strong property sales in Hong Kong.

The sixth-largest developer in the city by market capitalisation, the firm said yesterday its underlying profit - which excludes property revaluation gains - increased to HK$2.43 billion from HK$2.03 billion a year ago.

26 Feb 2011 - 12:00am

If Lenovo can make it in US, so can Huawei - or so the thinking goes

Huawei Technologies is hoping to follow in Lenovo's footsteps.

The Chinese telecommunications equipment maker asked US authorities yesterday to investigate the company in an attempt to allay fears that it was a threat to American national security.

26 Feb 2011 - 12:00am

Huawei forges on with US plans despite security issues

Undeterred by lingering security concerns that have hurt its business in the United States, Huawei Technologies aims to push ahead with expansion plans in the country.

25 Feb 2011 - 12:00am

Global trade, higher oil prices put Moller-Maersk back in black

Recovering global trade and higher oil prices led Moller-Maersk, the Danish shipping, port terminals and oil exploration company, to return to the black last year, reporting a healthy net profit of 28.2 billion kroner (HK$40.5 billion) yesterday.

This compared with a 5.5 billion kroner loss in 2009 following the collapse in world trade cause by the global financial contagion.

24 Feb 2011 - 12:00am

Best Buy closes branded stores to grow Five Star Appliance chain

Best Buy, the world's largest consumer electronics retailer, will close all nine of its branded stores in China and concentrate on the profitable domestic chain it acquired in 2006.

23 Feb 2011 - 12:00am

HK$10,000 per sq ft price likely for Lions Rise

Kerry Properties is set to launch the Lions Rise residential project as early as April with an asking price of at least HK$10,000 per sqft.

'We're waiting for the government's consent and we hope to launch it around Easter,' executive director Chu Ip-pui said.

'We haven't set the prices yet but we believe they will be over HK$10,000 per sqft,' he said.

23 Feb 2011 - 12:00am