Prudent concern about economy

A board overlooking the floor of the New York Stock Exchange shows an intraday number above 1,600 for the S&P 500. Photo: AP

To judge by the rally in financial markets you would think the world economy is in good shape. The latest US employment figures for April, along with strong upward revisions for February and March, spurred the S&P index to a record high.

Friday, 10 May, 2013, 4:43am

Chong Hing rises after 'for sale' notice

Chong Hing's net profit fell 3.1 per cent last year. Photo: Warton Li

The sharp rise in the share price followed a statement from chief executive Felton Lau Wai-man at a press conference on Thursday that Chong Hing was open to proposals from potential buyers for all or part of the bank.

9 Mar 2013 - 4:40am

Top stock picker Derek Kwong says 'be boring'

Derek Kwong, co-founder and CIO of Basic Asset Management, prefers 'boring names' to hot stocks. Photo: Jonathan Wong

For Derek Kwong, one of the best-performing China-focused asset managers, it is more important to pick the right stocks than to forecast the upper limit of the stock index.

4 Mar 2013 - 8:27am

Sands China shares rise on clearance for 200 more gaming tables

Sands' biggest hotel in Macau.

Sands China shares rose 1.6 per cent yesterday after the casino operator said it had received government approval for 200 more gaming tables.

There was little change in the benchmark Hang Seng Index.

30 Jan 2013 - 4:40am

Zoomlion shares tumble on claims over sales

Zoomlion’s share price (HK$)

Zoomlion Heavy Industry Science and Technology, the country's second-biggest construction equipment maker, fell the most in eight months in Hong Kong yesterday after a newspaper said an anonymous letter questioned its sales.

10 Jan 2013 - 4:21am

Stock price fall and analyst downgrade greet new Esprit chief

Esprit Holdings welcomed its newest chief executive with a two-day stock decline and an analyst downgrade as the apparel retailer's earnings missed estimates for the fifth consecutive year.

After Jose Manuel Martinez Gutierrez took control on Wednesday, the stock fell 5.67 per cent to HK$11.64 yesterday.

28 Sep 2012 - 2:54am

Seeking a cure for capitalism

Modern market capitalism used to be heralded as the best way to run an economic system, especially after the collapse of the Soviet Union.

It was said that it promoted rapid growth and encouraged invention and enterprise; it offered freedom and opportunities for all, the advantages of competition, efficient use of finances, fairness and equality.

25 Jul 2012 - 12:00am

Catching small fry while the big fish dives

The Eastern Magistracy today sentenced broker Mr Chan Yuk Hing and his client, Mr Paul Frederic Chane Yin, after they were found guilty of manipulating the share price of Multifield International Holdings Limited.

Securities and Futures Commission, July 13

24 Jul 2012 - 12:00am

Logic goes out the window

Human beings are affected by a myriad of social, psychological and emotional factors which often make them behave irrationally and illogically.

Behavioural finance tries to explain why and how investors make suboptimal decisions, which create anomalies, such as during stock market bubbles and crashes.

22 Apr 2012 - 12:00am

Yield of dreams

It is axiomatic that a company's current share price simply reflects the present value of all dividends paid out over the lifetime of a firm. In other words, it's all about the dividends. Investors some day need to be repaid for their capital, through dividends or a share buyback.

26 Mar 2012 - 12:00am

Country Garden share sale knocks property stocks

Mainland property stocks fell across the board yesterday after Country Garden Holding said it would raise money by selling shares at a discount, triggering fears of a fresh round of fund-rasing amid credit tightening and shrinking home sales.

2 Mar 2012 - 12:00am

Third of mainland companies forecast 2011 losses

About a third of mainland-listed companies have forecast an earnings drop or losses for 2011, the latest sign that the stock markets are still struggling with weak fundamentals even though investors are hoping for a rebound.

2 Feb 2012 - 12:00am

Chicken broth

Swanson Chicken Broth

Swanson is one of Hong Kong's most loved brands and recently released this MSG-free product. But it still contains additives and flavour enhancers.

26 Jan 2012 - 12:00am

For money happy returns

In a week when the money markets have yet again shown that decent investment yields are hard to find, we see that bank deposit rates remain truly miserable, yields on better quality bonds are falling and other monetary instruments also offer meagre returns. So, it's hard to even retain the value of an investment after taking inflation into account.

16 Jan 2012 - 12:00am

Fortune favours the brave

It has been a quarter of a century since the second Big Bang, the sudden deregulation of financial markets which included the abolition of fixed commission charges and the end of open-cry trading at the London Stock Exchange.

28 Nov 2011 - 12:00am