United States Dollar

Currency hedges trim profit for Goodbaby International

Goodbaby International said net profit fell 12.2 per cent to HK$100.7 million during the first six months of the year because of losses in hedges on the yuan-US dollar exchange rate.

Tuesday, 21 August, 2012, 3:56am

Home sales jump in month's first half

Hong Kong property sales surged in the first 16 days of August compared with the same period last month, according to the city's major estate agencies.

20 Aug 2012 - 4:51am

Net profits, revenue sink at West China Cement

West China Cement is looking for a better second half. Photo: Bloomberg

West China Cement expects better profits and revenue in the second half, after a dismal first half.

The cement producer's net profit plunged 64.6 per cent to 148.5 million yuan (HK$181.6 million) in the first half, while revenue dropped 7.2 per cent to 1.59 billion yuan. Net profit was 15 per cent below consensus forecasts, according to a CIMB report by Kevin You and Jeannette Sim.

17 Aug 2012 - 2:36am

Dual-currency IPO breaks cardinal rule of capital markets

Dual-currency IPO breaks cardinal rule of capital markets

According to yesterday's Business Post, mainland chemical manufacturer Meilan International Holdings is hoping to become the first company to launch a dual-currency yuan and Hong Kong dollar share offering on the city's stock market.

It's a lousy idea.

15 Aug 2012 - 12:34am

CDB lists dim sum bonds worth 6b yuan on HKEx

China Development Bank listed six billion (HK$7.36 billion) worth of yuan-denominated bonds on the Hong Kong stock exchange yesterday, giving investors an opportunity to trade securities with a maturity of up to 20 years.

The so-called dim sum bonds are listed on the Hong Kong stock exchange and also carry maturities of three years, five years and 15 years.

15 Aug 2012 - 10:58pm

The real European crisis still hasn't begun, but it will soon

The original meaning of the word 'crisis', dating back to the time of classical Greece, is the turning point of a disease, when the patient either begins to recover or sickens and dies.

27 Jul 2012 - 12:00am

HK$1,000 banknote is first choice for money laundering

On many occasions I have been standing in a queue in a branch of HSBC and other banks in Hong Kong and have seen someone depositing huge amounts of cash.

For example, once I saw a mainlander emptying a bag full of HK$1,000 notes. I estimated he must have had millions of dollars.

Letter to the editor, July 20

22 Jul 2012 - 12:00am

Profit warnings cast pall over reporting season

From smaller players to industry leaders, about 230 or 15 per cent of Hong Kong-listed firms have warned of sharply lower interim profits - and even losses - since April and analysts say the worst is yet to come.

18 Jul 2012 - 12:00am

Economy tipped to pick up in second half of year

Analysts at Standard Chartered Bank expect China's economy to pick up in the second half of the year on the back of lower interest rates and increased spending on infrastructure.

'The economy will not come roaring back, but it will at the very least stabilise and should regain a little bit of momentum,' the bank says.

8 May 2015 - 5:57pm

Big three fly into headwinds

All three big mainland airlines had to brace for headwinds in the first half - from high oil prices, yuan depreciation and slowing traffic.

But there are also hopeful signs for the rest of the year, with domestic passenger numbers starting to pick up towards the end of last month.

13 Jul 2012 - 12:00am

HK's young ready to bet on stocks and bonds

Two-thirds of young Hongkongers expect part of their retirement would have to be funded by investments in stocks and bonds.

That proportion was the highest of six East Asian markets surveyed in a study sponsored by insurer Prudential Assurance and conducted by a Washington-based think tank, the Centre for Strategic and International Studies (CSIS).

13 Jul 2012 - 12:00am


Macau home prices to grow 15-18 per cent

11 Jul 2012 - 12:00am

Rate cut reflects economic task ahead

China's surprise move to cut interest rates twice in a month underscores the task the mainland has ahead of it: spurring growth - and employment - to keep social unrest at bay.

7 Jul 2012 - 12:00am

Property outlook brightens on PBOC cut

An unexpected interest rate cut announced by the People's Bank of China on Thursday is almost certain to help a fragile recovery in the mainland's property market, analysts say, as they predict further gains for property stocks in the coming months.

7 Jul 2012 - 12:00am


London and Beijing were among the best-performing international property markets in the second quarter, according to IP Global. London's future housing sentiment index is close to a 20-month high, while May was the ninth consecutive month of price increases for prime properties. Beijing saw a 30 per cent month-on-month rise in sales volume in May.

6 Jul 2012 - 12:00am