-September 28, 2010 Hong Kong exports has increased 36 percent in August, and also seen as the strongest jump in 18 years is due to strong demand in the mainland and a gradual recovery in orders from both the United States and Europe. The exports, which was comprised of re-exports and domestic exports, soared to [...]
-September 13, 2010 Victor chu Lap-lik, a verteran investor has said that icreasing uncertainty about a global recovery will fuel opportunity for low-cost airlines in the region. Chu’s family private equity firm, called First Eastern Investment has set up a joint venture with All Nippon Airlines for the first budget airline in Japan under a [...]
-August 31, 2010 Members of the Provisional Minimum Wage Commission have on a minimum wage of HK$29, plus or minus a few cents. The Commision will pass their recommendations to the Chief Executive of Hong Kong, and he will then decide whether to accept the recommendation or recommend other ideas on the minimum wage that [...]
-August 26, 2010 Strong performance by its core titles helped Sing Tao News Corporation(1105) has posted a Net profit of HK$104.9 million for the first six months of the year due to strong advertising sales generated from its publishing including The Standard, and Headline Daily . Daily average circulation of The Standard increased to 230,000 [...]
-August 25, 2010 Thanks to rapid growth in all aspects of their businesses, Ping An Insurance (2318) reported net profit in the first half of the year of 9.87 billion yuan(HK$11.29 billion), an increase of 29.7%, surpassing analysts forecasts. An interim dividend of 15 fen per share was also declared.
-August 23, 2010 The People’s Insurance Co of China, the parent company of PICC Property & Casualty (2328), is considering expanding its overseas investment portfolio once Beijing eases restrictions. American International Group, bought a 9.9 percent stake in PICC Property & Casualty back in 2003 when the company listed in Hong Kong. Net profit of [...]
-August 11, 2010 Pay-television network i-Cable Communications (1097) posted a first-half loss on rising operating costs after winning broadcasting rights for events including the World Cup. The TV operator posted a loss of HK$146 million for the six months to June, unlike a year ago, where they announced a profit of HK$4.91 million. Operating expenses [...]
-August 6, 2010 Restaurant chain Tao Heung Holdings (0573) has said that it will not be greatly affected by the yuans’ appreciation as higher costs of food will be offset by better business in China. There are a total of 13 Tao Heung restaurants across the border, with another one due to open this September. [...]
-August 3,2010 Hong Kong’s retail sales increased for a 10th month in June previously from a year ago due to tourists, especially from from the mainland spending in the City. Sales surged 15.3 percent to HK$24.3 billion after gaining 19.7 percent in May, the Census and Statistics Department announced yesterday. “Retail sales continued to grow [...]
-August 3, 2010 Hang Seng Bank (0011) posted a profit of HK$6.97 billion for the first half, up 8.4 percent year-on-year, due to a recovery in fee income and an increase in wealth management business. A second interim dividend of HK$1.10 was declared, bringing the total dividend in the first half to HK$2.20, unchanged from [...]