Issue: March 22, 2006   (Archive)
Friday, April 25, 2014   




Good news but no rush
Slower growth and disappointing data about production has prompted Chinese authorities to shape stimulus policies. And yesterday we learned that private capital will be allowed in 80 projects until now monopolized by state enterprises.

Fabric maker sews gains before debut
Wang Tai (1400) rose more than 5 percent in the gray market before today's trading debut, generating a paper gain of HK$200 for one board lot of 5,000 shares.

Locals most bullish: poll
Local affluent investors are the most bullish in the world on Asian stocks, a survey has found.

PetroChina profit down with oil prices
PetroChina (0857) posted a 4.9 percent decline in first-quarter profit as lower oil prices eroded earnings. Net income fell to 34.2 billion yuan (HK$42.4 billion), or 0.19 yuan a share, in the three months ended March 31 from 36 billion yuan, or 0.20 yuan, a year ago, the energy explorer and refiner said yesterday.

China a mall monster
China, especially Shanghai, has the largest amount of shopping area under construction in the world, a survey by international property consultants CBRE has found.

Henderson aims for the Pinnacle in TST
Henderson Land Development's (0012) Harbour Pinnacle in Tsim Sha Tsui will open show flats for the public tomorrow with units are expected to cost between HK$12.18 million and HK$123.28 million.

SHKP warrants seen staying very volatile
The price of Sun Hung Kai Properties' (0016) bonus warrants (1441) is expected to remain volatile in the short- run following their debut yesterday.

BOC net profit surges 13.8pc
Bank of China (3988) said first-quarter net profit jumped 13.88 percent to 45.36 billion yuan (HK$56.33 billion), beating estimates as an expansion in lending margins and overseas credit growth offset higher default charges.

Expert on debt default trail
There will be at least one corporate default every week in the mainland from next month, Credit Suisse warns, and the number is likely to rise toward the end of the year when more debts fall due.

LME yes on yuan back-up
The London Metal Exchange will start accepting collateral denominated in yuan after setting up a clearing house in September as Asia increases its hold over the bourse.



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