Cash Flow

Cash flow is king?

European companies are limiting payouts to shareholders to preserve cash in the wake of the uncertain economic outlook. Photo: Bloomberg

European companies are hoarding more than three times the cash they held a decade ago as the region heads for a second year of recession, putting them at risk of losing out to US rivals boosting acquisitions and investment.

Tuesday, 26 February, 2013, 4:54am

Things could be worse in the worst of all possible worlds

While Asian investors are known for their speculative attitude to the stock market, many investors do not make a snap response to a stock drop.

What is the worst thing that can happen to a company's share price? An attack by computer hackers? A product recall? Or a lawsuit?

British law firm Freshfields Bruckhaus Deringer sought an answer by studying 78 crisis-hit listed firms around the world.

10 Dec 2012 - 4:23pm

China Resources Gas raises HK$2.77b in share placement

Gas consumption is growing and CR Gas posted a 28 per cent increase in net profit and higher connection fees. Photo: Reuters

China Resources Gas, a mainland gas distributor, raised HK$2.77 billion in a share placement yesterday after its shares hit a record high.

21 Nov 2012 - 1:56am

High debt burden stymies Sinopec's quest to buy parent's overseas assets

Fu Chengyu says development of shale gas resources on the mainland will take years. Photo: Nora Tam

China Petroleum & Chemical (Sinopec) is being constrained in its quest to buy its parent's overseas assets.

Its high debt burden and tight cash flow amid adverse market conditions mean that will not happen any time soon, Sinopec's chairman says.

28 Aug 2012 - 3:38am

Market Calls

Evergrande Real Estate (3333), China's second-largest property developer, was a big mover last week, up 14 per cent.

17 Oct 2011 - 12:00am

Shopping coupons will enable people to start spending again

Referring to my letter ('Tax cuts, shopping coupons are appropriate moves in recession', December 1) where I suggested tax cuts and shopping coupons as short-term measures during the recession, Denise Tam said such measures would not help deal with the long-term situation ('Coupons not the answer to deal with crisis', December 10).

16 Dec 2008 - 12:00am

Media firm needs assistant financial controller

A leading media and marketing company with offices in more than 50 countries is seeking an assistant financial controller in Hong Kong.

27 Aug 2005 - 12:00am


Morgan Stanley has upgraded its recommendation on Tsingtao Brewery, China's biggest brewer, to 'equal weight', meaning the stock's return is expected to be in line with the industry average over the next 12 to 18 months. Its price target moves to $8.70.

24 Jul 2005 - 12:00am

Corrections & clarifications

Macquarie Securities estimated free cash flow at China Mobile at US$5 billion next year.

A report yesterday incorrectly suggested the figure was for this year.

20 Aug 2004 - 12:00am

CASH online changes name

CASH online is changing its name to CASH Financial Services Group. The electronic-brokerage firm says the new name reflects more appropriately the business operation of the company and its subsidiaries.

11 Sep 2001 - 12:00am

Kosonic results behind times

Kosonic International Holdings said a staff shortage caused the electronics group to postpone announcing results in the year to last September. It said the shortage arose from an existing cash flow problem and that it was in talks with its auditor to determine the date for the announcement.

25 Mar 1998 - 12:00am

Cash-strapped Kosonic tries to raise funds

Cash-strapped audio-product maker Kosonic International Holdings says the $30 million in monthly turnover from its Shenzhen video-compact disc (VCD) factory - its main operation - is providing it with cash flow while it awaits the outcome of a rescue proposal.

3 Apr 1997 - 12:00am

Englong cash flow position 'critical'

Loss-making property developer Englong International says its cash flow position is 'extremely critical'.

It said the problems had arisen from a combination of over-expansion and an inability to achieve an orderly disposal of its assets in time to manage its liquidity position.

18 Jul 1996 - 12:00am