Guangzhou R&F, HSBC, ITC, Luk Fook: Hong Kong Equities Preview

The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index climbed 0.2 percent to 23,482.95. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, dropped 0.2 percent to 12,534.86.

The city’s market trades for half a day today on the day before the Lunar New Year, and will be closed for the rest of the week.

Retailers: Hong Kong’s retail sales rose 18.5 percent in December from a year earlier to HK$34.9 billion ($4.5 billion), the government said. That’s more than the 15.5 percent median estimate of nine economists in a Bloomberg News survey.

Sa Sa International Holdings Ltd. (178 HK), a cosmetics products retailer, gained 1.2 percent to HK$4.31. Luk Fook Holdings (International) Ltd. (590 HK), a jewelry retailer, slid 2.5 percent to HK$23.55.

CT Holdings (International) Ltd. (1008 HK): The company will acquire Brilliant Circle Holdings International Ltd. for HK$2.4 billion, according to a statement. The company will issue 480 million new shares to its controlling stockholder and chairman, Tsoi Tak, to pay for the acquisition, the statement said. Trading in CT, which offers commercial printing services, will resume today after being halted Dec. 30.

Guangzhou R&F Properties Co. (2777 HK): The developer said its January contracted sales rose 11 percent from a year earlier to 2.84 billion yuan. The stock advanced 0.4 percent to HK$11.50.

HSBC Holdings Plc (5 HK): Europe’s biggest bank’ Chairman Douglas Flint said the Asian banking centers of Hong Kong and Singapore are taking work from London as the bank decides whether to move its headquarters from the U.K. The stock climbed 0.7 percent to HK$85.30.

Television Broadcasts Ltd. (511 HK): ITC Corp. (372 HK) Chairman Charles Chan and his investment group paid HK$55 each for 113.9 million shares, or a 26 percent stake, in TVB, according to a Hong Kong stock-exchange filing. TVB, the city’s biggest TV company, rose 2.2 percent to HK$42.80. ITC, an investment company, plunged 7 percent to 40 Hong Kong cents.

To contact the reporter on this story: Hanny Wan in Hong Kong at hwan3@bloomberg.net

To contact the editor responsible for this story: Nicolas Johnson at nicojohnson@bloomberg.net.

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