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China Merchants Groupi

China Merchants Holdings (International) Co (HK stock code 0144) is a major Hong Kong-based conglomerate, whose activities span port operation, general and bulk cargo transportation, container and shipping business, air cargo, logistics park operation and paint products.

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China Merchants Holdings (International) - which saw net profit jump 10.2 per cent to HK$1.94 billion in the first six months of the year - expects to perform even better during the second half, as two acquisitions start to contribute to its bottom line.

China's largest land-based oil and gas drilling rigs maker Honghua Group is aiming for sales of at least 10 billion yuan (HK$12.2 billion) next year.