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.
Property developers: Chinese Premier Wen Jiabao said the nation will continue efforts to curb speculative investments in the real-estate market and will also use legal and economic measures against the hoarding of land. Wen answered questions from internet users on the website of the official Xinhua News Agency.
China Resources Land Ltd. (1109 HK), a state-controlled developer, increased 3.6 percent to HK$12.52. China Overseas Land & Investment Ltd. (688 HK), controlled by the nation’s construction ministry, gained 1.9 percent to HK$12.94.
China Minsheng Banking Corp. (1988 HK): The nation’s first non-state lender said it plans to raise as much as 29.4 billion yuan ($4.5 billion) by selling shares and convertible bonds to boost its capital adequacy ratio. Shares of Minsheng Bank will resume trading today, it said. They were suspended from trading on Feb. 25.
HSBC Holdings Plc (5 HK): The lender is set to announce a pre-tax profit of $20 billion, the largest by a British bank since the financial crisis, the London-based Sunday Times reported, without saying where it got the information. The stock advanced 2.2 percent to HK$89.05.
Sino Land Co. (83 HK): The Hong Kong developer controlled by Singapore billionaire Robert Ng said first-half profit excluding revaluation gains rose 20 percent to HK$2.43 billion ($312 million) after it completed more apartments in projects including the Hermitage. That fell short of the HK$2.8 billion median estimate of five analysts surveyed by Bloomberg News. The stock gained 2.5 percent to HK$14.22.
TCL Multimedia Technology Holdings Ltd. (1070 HK): The television maker reported a net loss of HK$983 million for the year ended Dec. 31, compared with a profit of HK$397 million a year earlier, according to a statement. The stock increased 0.4 percent to HK$2.78.
The Hong Kong Building and Loan Agency Ltd. (145 HK): The company said a subsidiary acquired Weldtech Technology Co. Ltd. on Feb. 23 for HK$2.8 billion, according to an statement filed to the Hong Kong Stock Exchange. The stock was unchanged at 20 cents.
Xinjiang Goldwind Science & Technology Co. (2208 HK): China’s biggest listed maker of wind turbines said preliminary 2010 net profit rose 31 percent from the previous year to 2.29 billion yuan. The stock fell 2.9 percent to HK$12.20.
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