Issue: November 08, 2010   (Archive)
Saturday, August 1, 2015   

ASM reports shrinking revenue
ASM Pacific (0522), the world's largest assembly and packaging equipment supplier for the semiconductor and LED industries, said first-half revenue fell from a record high in the second half of last year to US$879 million (HK$6.85 billion), as new orders shrank and outlook turned dim.

Noble Group falls further
Hong Kong-based Noble Group said it is not aware of any information that could explain the 14 percent tumble in its shares yesterday.

Mix bonds with shares portfolio
Hong Kong shares fell 0.5 percent to 24,497 yesterday as the Shanghai market dipped 2.2 percent.

Outlook bright but Fed offers no clear signs on hike
Federal Reserve officials said they felt the US economy had overcome a first-quarter slowdown and was "expanding moderately" despite a downturn in the energy sector and headwinds from overseas.

China stocks slide amid futures deals
China stocks suffered a sell-off in the last hour of trading yesterday, dragging down the benchmark by 2.2 percent. The sharp fall coincided with the settlement of Singapore FTSE China A50 Index Futures and H-share index futures.

SFC hits Nomura with $4.5m fine
Hong Kong's securities regulator has fined Japanese bank Nomura HK$4.5 million for failing to promptly report trading misconduct in 2013 by an employee who falsified his position in a bid to conceal a loss of US$3.3 million (HK$25.7 million).

Old urban buildings targeted by property giants
Property giants are forking out large sums to acquire tenement buildings for redevelopment to shore up their land banks in land-strapped urban areas.

CK Hutchison expands in multi-front drive
Li Ka-shing-chaired conglomerate CK Hutchison (0001) is expanding on several fronts.

CEC profit up 16.6pc
CEC International (0759), the operator of local retail chain 759 Store, saw annual net profit surge 16.6 percent to HK$27.7 million from the previous fiscal year, thanks to its fast-growing retail business.

Wynn takes a hit
Casino operator Wynn Macau (1128) reported its worst quarterly profit in six years yesterday, saying it had plunged 62.49 percent between April to June from a year earlier due to the sluggish gaming market.

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