Issue: May 22, 2015   (Archive)
Friday, May 22, 2015   



Two high-fliers plunge to earth
Two of Hong Kong's best-performing stocks plunged more than 40 percent yesterday, a day after a mysterious crash of almost 50 percent in mainland solar firm Hanergy Thin Film (0566).

Hanergy trashes rumors
Hanergy Thin Film Power Group (0566) denied all rumors yesterday behind the stock's more than 40 percent plunge on Wednesday that wiped off HK$144.30 billion in its market capitalization.

Asset boost on cards at BOC Hong Kong
Bank of China (3988) is looking to inject some of its Southeast Asian assets into BOC Hong Kong (2388), the lenders revealed last night in a filing to the stock exchange.

HTSC aims for top
Red-hot Huatai Securities, or HTSC, which is aiming for this year's largest H-share sale, is set to price its shares at the top of expectations.

CK Hutchison may raise prices
CK Hutchison (0001) yesterday priced a three-bedroom unit in its Tseung Kwan O project The Beaumount II at just HK$5.81 million, or HK$7,786 per sellable square foot, to entice buyers.

SJM sees pot shrink
SJM Holdings (0880) chief executive Ambrose So Shu-fai said the gaming business during this month's Golden Week holiday did not meet early expectations and the sharp fall in revenue during the first quarter is likely to be extended to the second quarter.

Low inflation to continue
Hong Kong's inflation sank to a low of more than 30 months in April, with prices held in check by cheaper imports due to a stronger local currency, a trend tipped to continue.

Jail crash course for Fast and Furious duo
Two unemployed men who crashed two luxury cars as they reportedly staged a "real-life Fast and Furious" race through Beijing were yesterday jailed for dangerous driving.

PMI flags slowing China economy
Chinese factory activity contracted for a third month in May and output shrank at the fastest rate in just over a year, a private survey showed, indicating persistent weakness in the world's second-largest economy.

Share-price heat for Li & Fung
Li & Fung (0494) management struggled to pacify individual investors grumbling about the firm's lifeless share price at a meeting yesterday.



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