Earnings

Higher profits, lower bonuses at HSBC, analysts estimate

4 Mar 2013

Analysts' estimates of HSBC's pre-tax profit for last year shows an average forecast of US$23.3 billion, up 6.3 per cent from a year earlier and the highest since 2008. That will translate into...

Asia Financial returns to the black on surge in investment gains

2 Mar 2013

Asia Financial bounced back into the black last year following a large improvement in investment gains in the second half.

The company yesterday reported net profit of HK$403.8 million,...

Beijing Capital targets 66pc revenue increase despite profit fall

2 Mar 2013

Mainland developer Beijing Capital Land has raised its sales revenue target for this year by two-thirds to 20 billion yuan (HK$24.9 billion), despite reporting a 14 per cent decline in underlying...

Genting profits triple after sale of power plant

2 Mar 2013

Net income surged to 2.48 billion ringgit (HK$6.21 billion) for the three months ended December 31, from 772.9 million ringgit a year earlier. Revenue dropped 7 per cent to 4.49 billion ringgit....

Rising China Everbright profit beats expectations

1 Mar 2013

China Everbright International's net profit surged 40 per cent to HK$1.12 billion last year, beating a Bloomberg consensus estimate of HK$982 million.

The environmental protection company's...

Opinion

Wang Xiangwei

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Alex Lo

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George Chen

A house is not a home until it becomes affordable

China Life Insurance expects 40pc dive in earnings

China Life, the world's biggest insurer by market value, blamed a drop in investment yield and an increase in impairment losses as the value of its investments fell because of continued weakness...

Prosperity shareholders reap higher rewards

Prosperity Real Estate Investment Trust yesterday announced a 12.6 per cent increase in distributable income per unit for last year, thanks to a rise in revenue.

SHKP cuts property sales target as first-half profit falls

The fall in sales for the full year would be unavoidable, said Victor Lui Ting, a deputy managing director of SHKP, because of the measures imposed by the government to rein in property price...

EARNINGS

LME deal and poor market trade cut HKEx profit

An expensive acquisition and poor market turnover contributed to Hong Kong Exchanges and Clearing's 20 per cent drop in net profit last year. Analysts say the outlook for the operator of the stock...

EARNINGS

Hopewell sees profits balloon

Hopewell Holdings, the property and infrastructure firm chaired by Gordon Wu Ying-sheung, saw interim net profits rise almost sixfold, helped by its Hopewell Centre II project in Wan Chai.

Yum’s China woes slam sales and profits

KFC parent Yum Brands warned it expects this year earnings to shrink rather than grow as it struggles to manage a food safety scare in China, and sees no return to growth in restaurant sales there...