• Sat
  • Oct 25, 2014
  • Updated: 5:39am

Daiwa Securities Group

100 HK employees axed by Daiwa Securities

Daiwa Securities, Japan's No 2 brokerage by revenue, gave its Hong Kong office a nasty shock on Wednesday - letting more than 100 employees go in one of the largest lay-offs of bankers in the city's finance sector so far this year.

Friday, 17 February, 2012, 12:00am

Daiwa Securities tips break even next year

Daiwa Securities Group, Japan's second-largest brokerage, said it expected its equities business in Asia excluding Japan to break even by the middle of next year after investing 100 billion yen (HK$9.3 billion) to expand in Asia last year.

20 Nov 2010 - 12:00am

Underwriters differ on AviChina's earnings prospects

BOCI and Daiwa Securities fail to agree on whether the firm's profit growth will accelerate or slow

Two of the underwriters for listing candidate AviChina Industry & Technology, the mainland's biggest helicopter maker, have forecast a conflicting net profit growth trend for the firm between this year and 2005.

10 Oct 2003 - 12:00am

Sumitomo, Jardines link

SUMITOMO Bank and Daiwa Securities have agreed to tie up with T Rowe Price Associates and Jardine Fleming in asset management. Under the four-party agreement, Sumitomo, Daiwa and T Rowe would set up an asset management firm in Japan in April with two billion yen (about HK$135.71 million) capital, Yomiuri Shimbun said.

24 Jan 1999 - 12:00am

Daiwa loans beyond recovery

Daiwa Securities Co probably will be unable to recover $42 million in loans made to investors backed by shares of Leading Spirit Holding Co, Daiwa Securities said. Shares in Leading Spirit Holdings were suspended on January 16, after it defaulted on loans of $96 million.

23 Jan 1998 - 12:00am

Daiwa hit by latest securities scandal

A third member of Japan's 'big four' securities companies has funnelled money to corporate racketeer Ryuichi Koike, the Nihon Keizai Shimbun newspaper said.

22 Aug 1997 - 12:00am

Shanghai Industrial defies index's drop

Shanghai Industrial Holdings pushed towards the $40-mark yesterday, defying the wider market's US-inspired decline.

The investment arm of the Shanghai municipal government added 3.71 per cent to $39.10, after hitting a new high of $39.30.

15 Apr 1997 - 12:00am

Japanese investors 'still need assurance'

When it comes to Japanese investment in Chinese companies, there has been little progress since 1992 when Japanese investors were first offered shares in a Chinese company.

A Japan analyst, who wished to remain anonymous, said Japanese institutions held the same approach towards China stocks as they had for Shanghai Vacuum Electron Device.

26 Mar 1996 - 12:00am

Daiwa office approved

THE Philippines has approved an application by Japan's Daiwa Bank to set up operations in Manila. It will be the seventh Japanese bank to open in the country.

Daiwa has commercial relations with key Philippine companies and its inward and outward trade transactions with the Philippines amounted to US$52.6 million last year.

18 Sep 1995 - 12:00am

Earnings outlook darkens for Magang

ANALYSTS have made drastic cuts to profit forecasts for mainland steel giant, Maanshan Iron & Steel (Magang), some saying profits could drop by as much as 84 per cent from the 1994 level.

23 Jul 1995 - 12:00am