Issue: February 11, 2009   (Archive)
Sunday, October 26, 2014   

3G buoys Unicom
China Unicom Hong Kong (0762) saw net income for the first three quarters rise 26.1 percent to 10.56 billion yuan (HK$13.38 billion), as its high-paying 3G subscriber base continued to grow.

Sino shows confidence with $18b investment
Sino Land (0083) has "no hesitation" in investing in Hong Kong despite the ongoing Occupy Central movement, said chairman Robert Ng Chee-siong.

Gambling revenues tipped to weaken
Macau forecast the city's drop in gaming revenue will worsen this month, but a recovery will come in the second half of next year.

Property lags equities: poll
The performance of investments for wealthy Asian families who concentrated on property lagged behind their global counterparts investing in developed market equities, a survey has found.

Loan provisions hit CCB growth
China Construction Bank (0939), the mainland's second-largest lender, reported its slowest quarterly profit growth in more than five years as bad loans climbed and the economy weakened.

Lines remain steady
HSBC's China manufacturing purchasing managers' index showed a marginal uptick to 50.4 this month after a 50.2 reading for September. Output, new orders and additional export orders remained in expansionary territory, though the pace eased.

Dollar's rise hits reserves
China's foreign exchange reserves fell by about US$100 billion (HK$7.78 billion) in the third quarter. That puts them at US$3.89 trillion.

Wings takes flight again
Sun Hung Kai Properties (0016) priced the first batch of 108 units at its Tseung Kwan O project The Wings IIIB from HK$4.9 million to HK$18.35 million, with a 27-month presale period.

Mature markets come up trumps
Japan and Australia are tops for investors looking to invest in Asia-Pacific property markets, a poll has found, with mature markets trumping emerging ones.

Shimao shows hotel clout
Mainland developer Shimao Property (0813) outbid five others to acquire a Tung Chung hotel plot for HK$1.83 billion, meeting estimates.

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