• Sat
  • Nov 1, 2014
  • Updated: 3:18am

Credit Rating

Bank of East Asia shares fluctuate as analysts lower profit forecasts

Shares of Bank of East Asia fluctuated yesterday as analysts revised down their earnings forecast for the bank, which issued its first profit warning on Monday.

Wednesday, 29 October, 2008, 12:00am

Citic Pacific shares dive 55pc after loss warning

Reeling giant's potential loss on currency bets exceeds its value

Citic Pacific shares lost more than half their value yesterday after the blue-chip company shocked markets by warning of a huge potential loss from unauthorised currency bets.

22 Oct 2008 - 12:00am

BEA given negative outlook after bank run

Fitch Ratings lowered Bank of East Asia's rating outlook to negative from stable yesterday after the bank suffered a significant run on deposits last week due to rumours it faced financial difficulties.

30 Sep 2008 - 12:00am

HK, watchdog monitor AIA as crisis hits parent

Officials, regulator will keep eye on city's largest life insurer

The Hong Kong government and the insurance regulator are keeping a close eye on American International Assurance, the largest life insurer in the city, after parent company AIG became the latest focus of the US financial meltdown.

17 Sep 2008 - 12:00am

Li & Fung shares retreat 7.63pc after brokers slash price targets

Shares of global sourcing group Li & Fung dived yesterday after major brokerages lowered their price targets on fears of crumbling consumer demand in its core market, the United States.

The blue chip shed HK$2 or 7.63 per cent to HK$24.20 yesterday after trading between HK$25.80 and HK$23.80, bucking a 0.47 per cent advancein the benchmark Hang Seng Index.

15 Aug 2008 - 12:00am

Moody's downgrades Shimao Property rating on liquidity concerns

Shimao Property Holdings, a Shanghai-based developer controlled by billionaire Hui Wing-mau, has had its credit rating downgraded to non-investment grade.

25 Jul 2008 - 12:00am

Wall St braces for Fed rate call as woes spread

Investors seen staying on sidelines

Whipsawed by fresh worries on the financial sector, Wall Street enters the summer season with investors in a sour mood before a meeting of increasingly hawkish United States Federal Reserve policymakers.

23 Jun 2008 - 12:00am

Airport Authority set to sell first Islamic bond

Government approval on tax exemption final hurdle to clear

Hong Kong's highly publicised ambition to become an Islamic financial centre has received a boost from an Airport Authority plan to sell the territory's first Islamic bond.

5 Jun 2008 - 12:00am

Merchants Bank rises after Wing Lung deal

Takeover spurs rally and buying in small lenders

Shares of China Merchants Bank rose as much as 5.72 per cent yesterday after the country's sixth-largest lender announced that it would buy the controlling stake in Wing Lung Bank from the founding Wu family.

4 Jun 2008 - 12:00am

Race on for digital TV in time for Olympics

The city's largest free television broadcaster says it is speeding up conversion to digital terrestrial broadcasting, to meet the government deadline for extending coverage to most of Kowloon and the New Territories by the end of next month.

28 May 2008 - 12:00am

In Brief

S&P's upgrades long-term rating of Towngas China

24 Aug 2007 - 12:00am

In Brief

Clp's ratings affirmed

Moody's Investors Service has affirmed the A1 credit rating of electricity utility CLP Holdings and an Aa3 rating of its wholly owned subsidiary, CLP Power, as it finds no changes in their credit fundamentals as a result of new accounting standards.

22 Aug 2006 - 12:00am

Business Digest

developers' $8.2b bid secures singapore site

A consortium of Cheung Kong Group, Hongkong Land Holdings and Keppel Land has been awarded a prime 3.55-hectare site in Singapore's central business district. The group put in the highest bid of S$1.8 billion ($8.28 billion) in a land tender earlier this month, Singapore's Urban Redevelopment Authority said.

19 Jul 2005 - 12:00am