Bank of China, Guangzhou R&F, Foxconn: Hong Kong Stock Preview
Stock Chart for Guangzhou R&F Properties Co Ltd (2777)
The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the close on June 30.
Automakers: China’s automobile sales growth may recover in the second half of the year after a slowdown in the first six months, the official Xinhua News Agency said, citing Dong Yang, deputy head of the China Association of Automobile Manufacturers.
Geely Automobile Holdings Ltd. (175) (175 HK) gained 2 percent to HK$3.04. Dongfeng Motor Group Co. (489 HK) fell 0.4 percent to HK$14.70.
Developers: Large home prices in Hong Kong rose 13 percent in the six months ending June 26, according to Centaline Property Agency Ltd.
Guangzhou R&F Properties Co. (2777 HK) rose 3.3 percent to HK$10.60. KWG Property Holding Ltd. (1813) (1813 HK) was unchanged at HK$5.18.
Bank of China Ltd. (3988) (3988 HK): The lender has no plans to acquire Lloyds Bank, the official Xinhua News Agency cited President Li Lihui as saying. The bank plans to further expand its overseas business, Li said, according to Xinhua. The stock gained 0.8 percent to A$3.79.
Foxconn Technology Group (2038 HK): Foxconn may build a liquid-crystal-display plant in Brazil, the Taipei-based company said, without providing further details. Its shares were unchanged at HK$3.42.
Intime Department Store Group Co. (1833 HK): Intime said it has hired Citicorp International Ltd., Nomura International Plc and Industrial and Commercial Bank of China (Asia) Ltd. as joint lead managers for a planned issue of yuan-denominated bonds. The shares gained 3.3 percent to HK$13.22.
Li & Fung Ltd. (494) (494 HK): The world’s biggest supplier of clothes and toys to retailers agreed to sell about $84.2 million of assets to controlling shareholders as the company refines its focus. The stock dropped 1.8 percent to HK$15.50.
PetroChina Co. (857 HK): PetroEcuador, the South American country’s state-owned oil company, will sell PetroChina Co. 130 million barrels of crude oil and 18 million barrels of fuel oil over the next six years, Andes reported. PetroChina’s shares advanced 1.3 percent to HK$11.38.
Shandong Chenming Paper Holdings Ltd. (1812) (1812 HK): The paper manufacturer said it will sell up to 2 billion yuan of five-year bonds on July 6. Its shares climbed 1.7 percent to HK$5.34.
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