Turnover keeps going up - locally and simulcast

Lord Kanaloa

The trend of local turnover has far exceeded any expectations this season and so too has the trend of simulcast betting.

Wednesday, 27 March, 2013, 4:27am

HKEx to reduce fees for trading stock options

Hong Kong Exchanges and Clearing hopes market activity in stock options will pick up when fees are cut in May. Photo: David Wong

Twenty-six series of stock options will have their fees reduced by up to 83 per cent from May 2, as part of a range of measures unveiled yesterday to promote stock options, after the market operator recorded a drop in turnover last year.

21 Mar 2013 - 5:20am

Feature races pay the price as trainers keep their stars waiting in the wings

Packing OK ran away with the National Day Cup on Monday, but the race lacked star appeal. Photo: Kenneth Chan

While the benefits of the extra five meetings per season granted three years are obvious, the negatives have steadily made their way forward, too. The move from 78 to 83 meetings has contributed to the rise in turnover for the past three seasons but it is also showing  there is an inevitable give and take in that process.

3 Oct 2012 - 1:55am

Convention centre calls for space

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A lack of space and a shortage of potential future leaders will hinder the city's exhibition industry, the new head of the Convention and Exhibition Centre says.

15 Aug 2012 - 10:54pm

Build and they'll come: fans flock to the tracks

While chief executive Winfried Engelbrecht-Bresges (pictured) continues to tread the conservative path and suggest wagering growth this season of 3 to 3.5 per cent, he has looked on in (joyous) amazement as Jockey Club racing customers have simply laughed at those estimates with three strong meetings.

21 Sep 2011 - 12:00am

8 hours only: firm calls time on office taboo

Sunny Han routinely worked more than 12 hours a day at Asustek Computer to manage the Taiwanese PC maker's marketing and publicity machine. He would often leave the office after 10pm, joining throngs of white-collar workers in Taipei and other Asian cities where, while the written rules call for eight-hour shifts, the unspoken rule is to show loyalty by staying into the night.

10 Sep 2011 - 12:00am

ASM Pacific's turnover up by 76pc in first half

29 Jul 2011 - 12:00am

Courage Marine undeterred by profit slump

Courage Marine, the dry bulk shipping company planning an initial public offering in Hong Kong, plunged into the red with a US$3.7 million net loss in the first quarter of this year, compared with a US$3 million net profit last year. Turnover dropped 54.8 per cent to US$5.8 million between January and March, down from US$12.9 million.

14 May 2011 - 12:00am

On the Rails

It is hard to escape the notion the Jockey Club has shot itself in the foot over the composition of the Mercedes-Benz Hong Kong Derby this Sunday and we can't quite work out to what benefit.

16 Mar 2011 - 12:00am

Competition bill penalty 'too harsh'

Opponents of the forthcoming competition bill say the proposed penalty is too steep.

The business-sector lawmakers say a penalty of up to 10 per cent of global turnover for companies violating the proposed bill - which aims to provide a level playing field for companies in Hong Kong - is too severe.

26 Jan 2011 - 12:00am

On the Rails

Executive director of racing Bill Nader hit the nail on the head with his view that the Jockey Club needs to examine the programming of course selection at Happy Valley.

22 Dec 2010 - 12:00am

Mainland chipmakers face surge in staff turnover, wages

While China's semiconductor consumption grows, chip companies on the mainland face increased pressure from high staff turnover and escalating labour costs, according to PricewaterhouseCoopers (PwC).

A new PwC industry survey found mainland semiconductor firms experienced annual employee turnover rates of 10 to 80 per cent, with a median of about 29 per cent.

18 Nov 2010 - 12:00am

On the Rails

Where was Samuel L. Jackson when we needed him on Saturday? And why did turnovernoia strike at Sha Tin?

The Jockey Club's version of Steve Irwin (sans stingray) managed to catch a python, which was doubtless minding its own business, perhaps catching a few rays of sun, near the tying up stalls on the members' car park side of the racecourse.

22 Sep 2010 - 12:00am

Betting rule for staff is half-hearted solution

The club's policy change to allow its employees to bet this season, in specific circumstances, probably belongs in the yawn, so-what category since the provisos attached to it became known.

We were already aware that those in sensitive positions would be excluded from the new freedom, along with those actually on duty. All fair enough.

15 Sep 2010 - 12:00am

Lower turnover, but Club smiles

The crowd was very slightly down, the betting turnover significantly so, yet punters were happy as it rained favourites and the Jockey Club had to make do with the paradox that yesterday's season-opening day was an improved dollar result.

6 Sep 2010 - 12:00am