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Issue: February 11, 2009 (Archive)

Sunday, May 19, 2013

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Sinopec Engineering IPO lures $26b retail demand
Sinopec Engineering - the biggest initial public offering so far this year - attracted HK$26 billion in retail subscription.

Third batch of iBonds nears
The third batch of inflation-linked bonds - which may offer an annual yield of 4 percent - is about to be launched by the government.

SJM executives seek windfall as stock soars
Top SJM Holdings (0880) executives are placing a combined 20 million shares to cash in up to HK$440 million after the stock hit a record high yesterday.

Avery in slow start after relaunch
Sino Land (0083) sold just one unit after relaunching The Avery in Kowloon City, the third new project to be put back on the market after new rules on first-hand sales took effect on April 29.

Tencent turns in tidy 37pc profit
Tencent (0700) announced a better than expected first-quarter profit of 4.04 billion yuan (HK$5.1 billion), up 37percent from a year ago.

VTech dials profit on N America call
VTech Holdings (0303) saw annual net profits jump 5.4 percent to US$202.3 million (HK$1.6 billion) for the year ended March 31 as sales hit a record on the back of major western markets.

Watchdog to arm investors
The Securities and Futures Commission proposed to raise the bar for professional investors, who now will have to undergo a suitability test before making investments.

Enterprising turn of the tap, but what's that worth?
Asian markets rose yesterday amid continuous gains on Wall Street and a weaker yen. The Hang Seng Index followed US shares to revisit the 23,000 level.

More debt trouble is rolling along rails
Urban rail transit projects across the mainland costing 800 billion yuan (HK$1.01 trillion) are going to weigh heavily on the already high level of local government debt.

Li & Fung expects rebound
Li & Fung (0494) expects earnings growth to rebound to the strong level of 2011 as most performance targets have been met this year, chairman William Fung Kwok-lun said.

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