Issue: November 08, 2010   (Archive)
Monday, January 26, 2015   




StanChart urged to act fast on Sands
Standard Chartered's (2888) two largest investors, Temasek and Aberdeen Asset Management, have reportedly urged the bank's chairman John Peace to replace embattled chief executive Peter Sands by the end of this year.

Low valuations to help HSI catch up
Last week, the Dow and Nasdaq gained 0.9 percent and 2.7 percent respectively. Fourth-quarter earnings were mixed but as the European Central Bank finally announced its expanded stimulus steps, the recent pullback in global equities proved to be a chance for bargains.

Deflation threat for US
The European Central Bank has finally embarked on quantitative easing. The scale of buying euro-zone sovereign debt is up to 60 billion euros (HK$521 billion) a month, more than market expectations.

Buyers pile into fourth batch of flats
The latest batch of 204 flats at Century Link by Sun Hung Kai Properties (0016) went within seven hours after they were launched on Saturday, extending a record of same-day clearance to a fourth round of sales.

Biggest MPF trustee HSBC slashes fees
Hong Kong's largest Mandatory Provident Fund trustee, HSBC, will lower management fees for funds under both its HSBC and Hang Seng Bank schemes amid growing competition for clients.

Kaisa bonds rallying
Bonds of struggling property company Kaisa Group (1638) rallied sharply yesterday on hopes it may be rescued through a capital injection from rival firms, after it had missed payment deadlines on a bank loan and bond coupon.

Inflation rate slows to 3.5pc
Local underlying inflation rose at a slower rate of 3.5 percent last year, down from 4 percent in 2013, after excluding all of the government's one-off relief measures.

Final approach for Jetstar license
Two years after it filed an application, Jetstar Hong Kong moved closer yesterday to acquiring a local operating license.

Bonds are safe haven amid volatility
From time to time, investors will ask how they can be more conservative, achieve a balanced portfolio and keep reasonable and more stable returns, especially amid market volatilities just like what transpired in the past few days.

Fortune eyes private malls
Fortune REIT (0778) is looking to acquire malls at private housing estates to capture booming local demand for day-to-day goods as wages grow.



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