Issue: March 22, 2006   (Archive)
Thursday, April 17, 2014   

Losses keep rising on sale of old flats
A mainlander was forced to sell a flat at Hill Paramount in Tai Wai at a loss of up to HK$3.8 million due to the gloomy secondary market.

Weak yuan drags carrier into red
China Southern Airlines (1055) turned red in the first quarter amid exchange losses due to the weakening yuan.

PCCW cashes in shares of unit amid surge
PCCW (0008) said it has sold 9.05 million Pacific Century Premium Development (0432) shares at about HK$5.55 apiece, raking in over HK$50 million.

Hands-off stance on China loans
The Hong Kong Monetary Authority said it will not impose any quotas on local banks for mainland-related lending despite concerns over rising bad debt levels in China.

Slim pickings for pork firm
WH Group raised just HK$18 million from margin orders on the first day of retail bookbuilding, representing less than 1 percent of its retail tranche.

Sell on optimism
Shanghai and local shares fell yesterday as weak banking and mainland property picks weighed on sentiment.

Cheng puts store in rebound
Chow Tai Fook Jewellery Group (1929) chairman Henry Cheng Kar-shun expects same-store sales in Hong Kong and Macau to turn positive this year, boosted by a continuing influx of mainland travelers.

Market focus on China GDP growth
Following the US stock market correction, most Asian-Pacific markets turned soft yesterday. The Hang Seng Index wasn't that bad - closing slightly up.

Auto-supplier skids
Auto-parts supplier Minth Group (0425) plunged the most on record in Hong Kong trading after the securities regulator accused the company of inaccuracies in its disclosures for two acquisitions.

CITIC listing lift
Shares of CITIC Pacific (0267) rose 2 percent yesterday on news that it is to disclose this week details of its parent listing through it.

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