Issue: February 10, 2010 (Archive)

Wednesday, February 10, 2010

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Rail hub to have offices
MTR Corporation (0066) plans to build three commercial landmarks at the proposed West Kowloon express rail link terminus.

HSBC targets 1.2m `mid-market' Hongkongers with new service
Hongkong and Shanghai Banking Corp is targeting the growing "mid-market" segment in Hong Kong and a number of countries as one of its profit growth drivers.

Welcome-mat thins
Investors' appetite for new listings appears to be waning as shares of two firms fell in the gray market yesterday, prompting one broker to warn that some companies may postpone their IPOs.

Beijing Capital to bank on first home buys
Beijing Capital Land (2868) is looking to maintain contracted sales for this year at the 2009 level of 10 billion yuan (HK$11.3 billion).

Zhongwang shares dive 27pc
Shares of aluminum producer China Zhongwang Holdings (1333) plunged when they resumed trading yesterday after the firm denied newspaper reports challenging the accuracy of its accounts.

OFTA to get tough if complaints rise
The Office of the Telecommunications Authority may launch compulsory measures to boost customer protection.

Seeds of hope in tractor maker
Amid global stock market turmoil brought on by fears of an impending crisis in the eurozone, Dr Check recommends rebuilding your portfolio after the Lunar New Year.

Yam offers warning
The hot money in emerging markets waiting to be withdrawn may intensify the difficulties for monetary policy in the region and pose a threat of further financial crises if not handled well, warns former Hong Kong Monetary Authority chief Joseph Yam Chi-kwong.

Lending at stable pace, says PBOC
Central bank governor Zhou Xiaochuan says the pace of bank lending in the mainland is stable, and while inflation is edging up overall price pressures remained moderate.

Equities reclaim ground amid bleak forecasts
Hong Kong shares snapped a three- session losing streak yesterday, boosted by higher commodity prices - but the rally may not be sustainable, analysts warned.

Greece help `in the works'
European Central Bank president Jean- Claude Trichet is cutting short a trip to Australia to attend a special European Union summit, prompting market speculation that initiatives are in the works to help resolve Greece's debt problems.

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