Issue: November 08, 2010   (Archive)
Friday, October 3, 2014   




Lighting chain sparks expansion plan
Shares of local lighting products and furniture retailer E Lighting Group (8222) starts trading on the Growth Enterprise Market today.

Tours to riches
Local travel company EGL Holdings Company, which built its reputation through package tours to Japan, has filed for a mainboard listing.

Budget carriers loom big on profit
Panama's Copa Airlines and US low-cost carriers Spirit and Allegiant are the three most profitable carriers in the world by operating margin, respectively, according to a ranking of 75 companies published last week by Airline Weekly.

Showtime amid downtime
High-end watchmakers are once again in Hong Kong to display the latest tourbillons, chronographs, and complications among other things that reflect technical innovations, craftsmanship and heritage, in the backdrop of a softening in exports.

Resort in the city
Henderson Land (0012) has opened show flats of The Hudson, the 134 apartment project in Kennedy Town on Hong Kong Island.

New MPF family member
BOCI-Prudential Trust Limited in cooperation with Allianz Global Investors, has added a new constituent fund in the Mandatory Provident Fund Scheme. Named MPF RMB & HKD Money Market Fund, the new Hong Kong dollar denominated fund will be managed by Allianz's RCM Asia Pacific Limited.

BoCom revises loan rate
The local branch of Bank of Communications (3328) revised its mortgage rate at P-2.8 percent to P-3.1 percent, (P equals 5.25 percent), or an HIBOR-based plan by taking the lower of HIBOR+1.7 percent or P-3.1 percent.

Allianz yuan products
Allianz Global Investors launched five new yuan-denominated mutual funds under its Allianz Selection Fund Series, available for subscription from September 22 with the inception date set on October 14.

CCB gives to go online
China Construction Bank (Asia) is offering customers, who successfully subscribe to mutual fund units before October 31 via its online banking platform, an array of subscription fee waiver programs from HK$388 to HK$8,888, for transaction amount HK$100,000 or more.

Asian assets next big story
More listed companies in Asia are paying dividends, having improved their balance sheets in the aftermath of the financial crisis. For dividend-focused investors in Asia, companies with better financial health may mean attractive dividend payouts now or in the future.



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