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.
Chinese developers: China’s new home prices rose in May from a year earlier in 67 of the 70 cities monitored by the government, the statistics bureau said on its website on June 18.
China Resources Land Ltd. (1109) (1109 HK), a state-controlled developer, declined 0.5 percent to HK$12.54. China Overseas Land & Investment Ltd. (688) (688 HK), controlled by the nation’s construction ministry, gained 0.8 percent to HK$15.
Hong Kong developers: Hong Kong may increase efforts to stabilize the city’s property market if necessary, Financial Secretary John Tsang wrote in his blog yesterday.
Henderson Land Development Co. (12 HK), the Hong Kong builder controlled by billionaire Lee Shau-kee, advanced 1 percent to HK$48.55. Sino Land Co. (83 HK), a Hong Kong developer controlled by billionaire Robert Ng, sank 1 percent to HK$12.10.
Retailers: China may cut import tariffs on cosmetics, cigarettes and liquor by between 2 percentage points and 15 percentage points, China Times reported, citing an unidentified person who helped make the proposal to the State Council.
Other goods, such as jewelry, clothes, bags and watches, will follow the tariff cuts, the Standard said.
Sa Sa International Holdings Ltd. (178) (178 HK), Hong Kong’s biggest listed cosmetics retailer by market value, rose 2.7 percent to HK$4.89. Hengdeli Holdings Ltd. (3389) (3389 HK), the retail partner of Swatch Group AG in China, retreated 1 percent to HK$4.10. Emperor Watch & Jewellery Ltd. (887) (887 HK), a Hong Kong- based retailer of luxury watches and jewelry, was unchanged at HK$1.18.
BYD Co. (1211 HK): The Chinese carmaker backed by Warren Buffett said it will price its Shenzhen share offering at 18 yuan per share, and will sell 79 million shares in the offering. The stock retreated 1.2 percent to HK$21.40.
China Minsheng Banking Corp. (1988 HK): The lender’s President Hong Qi said loan quality to local governments’ financing vehicles “aren’t bad” given the lender’s strict risk controls. The stock gained 1.1 percent to HK$7.19.
Comba Telecom Systems Holdings Ltd. (2342) (2342 HK): The provider of wireless coverage said it has been sued for patent infringement on its RET Antenna in China by Andrews LLC, which is seeking 12 million yuan ($1.85 million). The stock slid 1.9 percent to HK$8.24.
CSR Corp. (1766 HK): The trainmaker won a 600 million yuan order to supply equipment for a metro rail system in China’s Changsha, Caixin online reported. The shares gained 0.4 percent to HK$7.64.
GCL-Poly Energy Holdings Ltd. (3800) (3800 HK): The polysilicon maker’s Chairman Zhu Gongshan bought 2.5 million shares of the company and Sun Wei, executive director, bought 1 million shares on June 15, according to an e-mailed statement. The stock surged 14 percent to HK$3.79.
Lenovo Group Ltd. (992) (992 HK): Chief Executive Officer Yang Yuanqing bought shares valued at HK$3.3 billion ($423 million), increasing his stake in China’s biggest maker of personal computers by market value.
Yang acquired 797 million Lenovo shares from Legend Holdings Ltd., the computer maker said in an e-mailed statement, without providing financial details. The stock fell 1 percent to HK$4.17.
Nine Dragons Paper Holdings Ltd. (2689) (2689 HK): Cheung Yan, the paper-products company’s chairwoman, bought 5.1 million company shares at an average price of HK$6.226 each on June 16, according to disclosure posted on the Hong Kong stock exchange website. The stock fell 1.8 percent to HK$6.13.
PCCW Ltd. (8) (8 HK): Chairman Richard Li bought 2.9 million shares of Hong Kong’s biggest phone carrier by market value at an average price of HK$3.004 each on June 13, according to a disclosure statement from the Hong Kong stock exchange. The stock advanced 2.2 percent to HK$3.23.
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