Issue: February 11, 2009   (Archive)
Thursday, October 23, 2014   

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.

Stimulus for stocks surge
Hong Kong shares had their biggest daily gain since early September, underpinned by a rally in US shares and optimism the Chinese government will roll out more stimulus to prop up growth.

Disconnect reigns amid `train' delay
Some international and mainland financial institutions have shown concern about the launch of the Shanghai-Hong Kong Stock Connect as many issues are yet to be clarified.

Be on the mark if bourse keeps rising
Despite the lack of results from the Occupy Central talks, the stock market continued to rebound yesterday following the good showing by US tech shares on the back of Apple's bright earnings.

Capital flow faster, wider
China's overseas direct investment is projected to rise at least 10 percent annually for the next five years a trend that will soon make the country a net exporter of capital.

Builder sees profit halved
Developer China Overseas Land & Investment (0688) said operating profit plunged nearly 50 percent in the third quarter amid a slowing mainland economy, and warned of future downside risks.

Underlying inflation hits 3.3 pc
Hong Kong's underlying inflation rate, excluding government one-off relief measures, hit 3.3 percent in September, up from 3.2 percent the previous month, according to the Census and Statistics Department.

Number puts stimulus on edge
China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth.

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