Issue: November 08, 2010   (Archive)
Sunday, April 26, 2015   

Smart-device sales expand for TCL in quarter
First-quarter net profit of mobile gadget maker TCL Communication Technology (2618) rose 4.7 percent to HK$185 million from a year earlier.

Allure of local stocks
The flash HSBC PMI showed China's factory activity in April contracted at its fastest pace in a year, suggesting that economic conditions are still deteriorating.

HKT unveils plan for high-speed network
Smartphone users could enjoy internet speed 50s percent faster on the 4G network next year with a solution born of collaboration between HKT (6823) and mainland electronics and communications company Huawei.

Sands finds going tough
Sands China (1928) shares dropped to a low for the month after the casino operator reported worse-than-expected earnings and its billionaire chairman Sheldon Adelson said he was uncertain about the industry's recovery.

Gloom in factories
Chinese factory activity contracted to its lowest level in a year this month while euro zone private sector growth was weaker than forecast on slowing new orders in the region, surveys showed.

CSG to take switch route
Shenzhen-listed glass maker CSG Holdings has decided to list in the SAR through introduction by switching its HK$4.66 billion worth of B shares to H shares.

New tax drags China Unicom profit lower
China Unicom Hong Kong (0762) said yesterday that first-quarter net income fell more than 4 percent from a year earlier as the country's recently enforced value-added tax exacerbated the telecom carrier's declining business.

Penny stocks turn to soar as HSI slips back
Hong Kong shares slipped from a seven-year peak as investors hunted for penny stocks instead of heavyweights while mainland stocks rose to fresh seven-year highs yesterday.

Top funds laugh all the way to banks
Big shareholders of listed banks have cashed in on the ongoing bull run after shares jumped to their highest in years.

Postal bank stamps its IPO authority
Singapore's Temasek Holdings, UBS and French bank BNP Paribas are among six bidders for a stake of up to 10 percent in state-owned Postal Savings Bank of China costing at least HK$23.4 billion ahead of its initial public offering next year.

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