Issue: May 10, 2006   (Archive)
Thursday, August 28, 2014   

Link prices debut bonds
The Link Real Estate Investment Trust (0823) has priced its inaugural US$500 million (HK$3.9 billion) 10-year notes at a 3.6 percent fixed rate.

China Telecom earnings grow 12pc on data surge
China Telecom (0728) met estimates in posting a 12 percent jump in first-half net profit to 11.4 billion yuan (HK$14.4 billion).

Profit climb for China Life
China Life Insurance (2628), the nation's largest insurer, said profit rose 14 percent in the first half as impairment losses from investments fell.

Robust 21pc rise in Sing Tao net
Sing Tao News Corporation (1105) said net profit for the six months to June 30 climbed 21.2 percent from a year back to HK$30.30 million, thanks to robust media operations despite a slowdown in the local ad market.

Shui On earnings take a dive on back of exchange loss
First-half net profit at Shui On Land (0272) declined 9 percent from a year earlier to 764 million yuan (HK$964.15 million), while at Guangzhou-based Yuexiu Property Company (0123) it dived 28.4 percent to 1.68 billion yuan.

An age-old problem
Hong Kong employers and employees may have to pay more every month if the elderly, without the need for means testing, are to receive HK$3,000 a month after reaching age 65.

Falling sales depress Sino profit by 24pc
Full-year underlying profit, excluding revaluation gains, at Sino Land (0083) dropped 24 percent to HK$5.02 billion amid a plunge in property sales.

Bank on brokerage as shadow risks rise
A report by US-based rating agency Standard & Poor's has highlighted the risks of the global debt market, saying higher risk for mainland borrowers means higher risk for the world.

Bad loans grieve AgBank
Agricultural Bank of China (1288), the nation's third-largest lender by market value, posted the smallest gain in quarterly profit in more than a year as it set aside more money for bad loans and fee income fell.

Snack maker tucks in
Snacks producer Want Want China (0151) yesterday said interim net profit rose 5 percent to US$303.18 million (HK$2.36 billion), amid a drop in the gross profit margin and rise in inventory turnover days.

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