Sportswear firm defeats curse on first-day trading

The sport and underwear manufacturer Hosa International ended the curse on new listings by closing on par with its offer price on its trading debut yesterday.

Saturday, 17 December, 2011, 12:00am

Le Saunda misses sales-growth target as shoe inventory climbs

Footwear retailer Le Saunda Holdings plunged as much as 14 per cent yesterday after reporting lower-than-expected same-store sales growth and a significant increase in inventory.

26 Oct 2011 - 12:00am

I.T pins revenue hopes on mainland

Fashion retailer I.T yesterday said it expected the mainland market to be its largest revenue contributor within five years, after reporting a 41 per cent increase in net profit.

25 Oct 2011 - 12:00am

Hang Seng ends among bears

Fears about a global recession sent the Hang Seng Index plunging below the 17,000-point level at one stage yesterday, taking the Hong Kong benchmark into bear market territory.

The 46-member index ended the day down 1.48 per cent at 17,407.8 points, its lowest in more than two years, and reached 16,999.5 points during intra-day trading.

27 Sep 2011 - 12:00am

Restaurant chain begins HK$165m IPO to fund push into new cities

Mainland restaurant chain Tang Palace (China) Holdings is hoping to list on the main board of the Hong Kong stock market as it sets out to raise up to HK$165 million.

Of the 100,000,000 shares for global offering, 10 per cent are earmarked for the Hong Kong public offering.

7 Apr 2011 - 12:00am

Sinotruk, Jinan Truck dip on profit warnings

The Hong Kong-listed shares of Sinotruk (Hong Kong) and its Shenzhen-listed subsidiary, CNHTC Jinan Truck, dropped yesterday after both truck makers issued profit warnings.

Sinotruk fell 7.23 per cent to HK$6.67, while Jinan Truck dropped 4.4 per cent to 21.30 yuan (HK$24.07).

20 Jun 2009 - 12:00am

In Brief

China Coal, Sinotruk parents buy back shares in secondary market

Two key mainland enterprises said their controlling shareholders bought back more shares in the secondary market. China Coal Energy said its parent company China National Coal Group bought 4.05 million A shares in Shanghai yesterday, increasing its shareholding to 57.55 per cent from 57.52per cent.

24 Sep 2008 - 12:00am

Weichai Power to offset surging steel costs by raising truck prices

Mainland diesel-engine and truck maker Weichai Power is hoping to offset the rising price of steel by charging higher prices for its heavy trucks and generating more sales with vehicles that meet higher emission standards.

6 May 2008 - 12:00am

Hang Fung to boost mainland retail network

Hang Fung Gold Technology, a Hong Kong jewellery maker and retailer, targets 80 per cent retail sales growth on the mainland by next year as it opens more outlets to capitalise on rising spending on luxury goods.

The growth target, if achieved, would boost the proportion of the company's mainland retail business to 70 per cent of its total retail sales from 66 per cent.

15 Feb 2008 - 12:00am

HSI joins Asian rally as mood lifts

HK market rises 1.86pc, ignoring Wall Street's slump and betting on region's resilience

Hong Kong stocks rallied yesterday to their highest level this year as investors shrugged off a Wall Street sell-off and bet the region will withstand a global economic slowdown.

10 Jan 2008 - 12:00am

Fresh highs tipped for HSI after banner year

The Hang Seng Index will hit record highs again this year after finishing last year with its best gain in eight years, fund managers predict.

1 Jan 2008 - 12:00am

Investors show lukewarm response to new share offerings

Investors are continuing to pull back from initial public share offerings in Hong Kong, with brokerages recording lacklustre demand for margin financing for three new offerings.

Margin financing for shares of Anton Oilfield Services Group, a mainland provider of drilling and field services, closed yesterday following less than thrilling demand from investors.

6 Dec 2007 - 12:00am

Vietnamese motorcycle firm delays HK offering

Vietnam Manufacturing and Export Processing, the country's third-largest foreign-owned motorcycle maker, will delay the retail subscription of its planned HK$1.05 billion initial public offering.

3 Dec 2007 - 12:00am

Xiashun offering may be foiled as sentiment softens for new listings

Xiashun Holdings, the mainland's largest light-gauge aluminium foil maker, is unlikely to attract many retail investors in its initial public offering because of the weak sentiment towards new stocks, according to analysts.

30 Nov 2007 - 12:00am

Hong Kong stocks stage rebound on strong US Thanksgiving sales

Hong Kong stocks yesterday posted the second-biggest rally since mid-August as they joined a regional market rebound cheered by strong retail sales in the United States.

The blue-chip Hang Seng Index climbed 1,085.53 points or 4.09 per cent to close at 27,626.62. Japan ended 1.66 per cent higher while South Korea surged 4.65 per cent.

27 Nov 2007 - 12:00am