China Everbright (0165) says some overseas investments made by mainland firms are beneficial to development of China's new economy.
Chief executive Chen Shuang said yesterday it is hard to judge if an overseas investment is right or wrong. He took Wang Jianlin's Dalian Wanda as example, saying the acquisition of the US theater chain AMC can boost mainland consumption.
Meanwhile, Everbright will continue exiting its strategic investment in Everbright Securities (6178) and China Everbright Bank (6818), due to unsatisfactory rate of return.
The firm posted a HK$1.49 billion interim net profit, up 5.6 percent year- on-year, as revenues grew 2.4 percent to HK$3.9 billion.
It declared an interim dividend of 25 HK cents per share, unchanged from last year.
For future investment, the company is positive on industries like medical treatment and semiconductors, Chen said. He noted that old-age care is another potential area with high possibilities to team up with insurance companies on pension products.
Everbright owns 33.6 percent stake in China Aircraft Leasing Group Holdings (1848). Chen said businesses of the associate leasing firm not only include aircraft leasing, but also wealth management.
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