read all about it! AVALANCHE of free newspapers hits hong kong 'There is no free lunch in the world,' Nobel laureate economist Milton Friedman once proclaimed. What he didn't say was there are no free newspapers. Indeed, press freedom is greater than ever in Hong Kong this year, with two more give-away dailies preparing to challenge Metro's grip on the freebie segment. Yesterday Centaline Group chairman Shih Wing-ching (pictured) unveiled the title of his entrant, 'AM730'. Targeted at the youth market with an emphasis on 'hopeful' news, Mr Shih's good news gazette is scheduled to launch in the fourth quarter. Sing Tao News Corp, too, plans to launch a free daily within months. When ownership of a newspaper press in Hong Kong suddenly became a licence to print money is anyone's guess. Our fair city is home to a staggering 15 local dailies. At least the big papers are making money, and Hong Kong Economic Times is pressing ahead with a $180 million summer initial public offering. It has also been 10 years ago since a price war erupted, after Apple Daily debuted in 1995. Could another one be in the offing as the free dailies eat into the advertising pie? Apple Daily founder Jimmy Lai Chee-ying returns to his Tseung Kwan O headquarters next week, ready and rested after another long spell in France. You read it here first. happy little dinosaurs Over the weekend, Taikoo Shing became Jurassic Park. Last Friday, Cityplaza kicked off a five-week display of dinosaur fossils and eggs on loan from the Beijing Museum of National History and the Sichuan Zigong Dinosaur Museum. And it was a zoo in more ways than one. Over 190,000 visitors descended on the exhibition area like a tyrannosaurus rex on raw meat, and forced Swire Properties to introduce crowd control contingency plans. How are they coping? 'So far so good,' we are told. 'Everyone is happy, no matter whether they are old, middle aged, youth or children,' said Swire portfolio manager Elizabeth Kok Tong Wai-lee. top analyst shifts from tell to sell Award-winning research analyst Paul Cheung, who ranked fourth in a recent SCMP/Starmine survey for the accuracy of his earnings projections, has resigned from UBS after 12 years with the Swiss bank. Lai See understands that Mr Cheung, one of few surviving staff who joined UBS before its merger with SG Warburg 10 years ago, is going over to the sales side. He has signed up with Deutsche Bank as a hedge fund salesman. more agents in the millions Who wants to be a millionaire? Midland Realty has awarded 25 sales staff a $1 million commission (or better) in the first five months this year, compared to 21 over the same period last. That was on the back of a 28 per cent jump in the total value of property transactions to almost $180 billion as of Thursday, according to the Land Registry. Transaction volume is up 13 per cent to 60,188. If the trend continues, Midland estimates more than 100 of its property agents could collect a seven-figure commission. Last year 80 did. yo-yo ride for toy play What a toy story. Shares in Li Ka-shing's toy manufacturer, Hutchison Harbour Ring, jumped as much as 53.7 per cent yesterday, touching a five-year high, before closing the day with a more modest 18.7 per cent gain, at 95 cents. The roller-coaster ride increased Harbour Ring's market cap by $1 billion ahead of the half-year mark. The company issued the usual disclaimer, saying it was unaware of any reasons for the yo-yo performance.