Credit Rating

Arroyo set to cull the fat cows

They used to be called - with equal measures of fear and loathing - the government-owned or controlled cows: fat cows, milking cows, holy cows.

Wednesday, 13 October, 2004, 12:00am

In Brief

picc property mulls fate of assets at hantang

14 Sep 2004 - 12:00am

ICBC gets US$400m boost for expansion

ICBC (Asia), the Hong Kong-listed unit of the mainland's biggest bank, has raised US$400 million to finance its continued aggressive expansion.

13 Sep 2004 - 12:00am

CKI bags British gas network as its largest foreign purchase

Cheung Kong Infrastructure Holdings (CKI) has made its largest overseas acquisition, buying a profitable gas distribution project in north England for GBP1.39 billion (HK$19.45 billion).

1 Sep 2004 - 12:00am

In Brief

China life blames format for results report error

31 Aug 2004 - 12:00am

Standard & Poor's says BOC, CCB are solvent

Bank of China and China Construction Bank were declared technically solvent yesterday for the first time by Standard & Poor's.

The decision comes after a capital injection into the two state-owned commercial banks by the government and recent sales of non-performing loans.

30 Jul 2004 - 12:00am

Citigroup settles US$2.6b fraud suit

WorldCom stake holders provided for as investment bank raises legal reserves

Citigroup will pay US$2.65 billion to settle a class-action suit brought by holders of WorldCom stocks and bonds who claimed it had participated in the massive fraud with the telephone company, now known as MCI.

11 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Johnson Electric Holdings

Closing price: $7.25

Target price: $10.26

Share price performance (%)

1wk: 5.07

3mths:27.63

1mth:17.71

1yr:19.55

8 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Harbin Brewery Group

Closing price: $3.225

Target price: $4.20

Share price performance (%)

1wk: 3

3mths:0.78

1mth:10.41

1yr:40.21

5 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Denway Motors

Closing price: $8.85

Target price: $11.10

Share price performance (%)

1wk: 3.27

3mths:7.36

1mth:0.56

1yr:173.4

24 Mar 2004 - 12:00am

Ratings agencies don't always get it right, says Tang

Financial Secretary Henry Tang Ying-yen has hit out at criticism of his budget by international ratings agencies.

'They're not always right,' Mr Tang told a post-budget Legislative Council session yesterday when asked about the criticism.

12 Mar 2004 - 12:00am

Moody's may upgrade China Mobile

Moody's Investors Service has placed China Mobile under review for a possible upgrade due to its stronger financial profile.

The credit ratings agency yesterday said China Mobile, the world's largest mobile carrier with 160 million users, had demonstrated its ability to manage growth - both organic and through acquisitions - leading to a more sustainable business.

3 Mar 2004 - 12:00am

Moody's may upgrade China Mobile

Moody's Investors Service has placed China Mobile under review for a possible upgrade due to its stronger financial profile.

The credit ratings agency yesterday said China Mobile, the world's largest mobile carrier with 160 million users, had demonstrated its ability to manage growth - both organic and through acquisitions - leading to a more sustainable business.

3 Mar 2004 - 12:00am

Swiss Re launches mainland branch

Leading reinsurer Swiss Re has opened a branch office in Beijing as the first step in expansion into China.

The China branch will offer national reinsurance in both life and property to domestic Chinese life insurance companies.

20 Dec 2003 - 12:00am

Hutchison takes the long view with '3'

In Hong Kong, Hutchison Whampoa's bold advertisements for its new '3' service ask customers, 'are you curious?' However, the question investors are itching to ask management is, 'are you serious?', especially after each reaffirmation of overly optimistic European subscriber targets.

18 Nov 2003 - 12:00am