Ajisen, Cathay, China Mobile, PCCW: 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 (HSI) rose 0.1 percent to 19,620.01. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, declined 0.5 percent to 10,452.64.
Ajisen (China) Holdings Ltd. (538 HK): The restaurant chain being investigated by the government for how it discloses the nutritional content of its soup said it has applied to resume trading today after being suspended since Aug. 5.
Cathay Pacific Airways Ltd. (293) (293 HK): The world’s largest international cargo carrier may postpone a global advertising campaign after photos of a flight attendant and a pilot having sex were published in newspapers and on the Internet, the South China Morning Post reported, citing an unidentified person who is close to the carrier’s management. The stock declined 2.5 percent to HK$15.62.
Cheung Kong (Holdings) Ltd. (1 HK): Chairman Li Ka-Shing bought 258,000 shares of the company at an average price of HK$107.985 each on Aug. 10, according to a disclosure filing to the Hong Kong stock exchange. Cheung Kong, Hong Kong’s No. 2 developer by market value, retreated 0.8 percent to HK$105.40.
China Hongqiao Group Ltd. (1378 HK): The aluminum products maker said first-half net income rose to 2.91 billion yuan ($455 million) from 2.02 billion yuan a year earlier. The stock gained 1.3 percent to HK$6.05.
China Mobile Ltd. (941) (941 HK): The phone carrier said the company and its controlling shareholder China Mobile Communications Corp. agreed to set up a finance company with a registered capital of 5 billion yuan. China Mobile slipped 0.1 percent to HK$73.95.
China Pacific Insurance (Group) Co. (2601 HK): The insurer said seven-month income from insurance premiums was 97.4 billion yuan. The stock slid 0.4 percent to HK$27.75.
China Resources Cement Holdings Ltd. (1313) (1313 HK): The cement maker said its first-half profit rose to HK$2.05 billion from HK$607.2 million a year earlier. The stock sank 0.2 percent to HK$6.60.
China Yurun Food Group Ltd. (1068) (1068 HK): The meat supplier said all the land owned by the company is “legally obtained with no irregularity,” responding to what it said was an “untrue” media report. The stock tumbled 6.9 percent to HK$20.20.
ChinaVision Media Group Ltd. (1060) (1060 HK): The producer of television programs said it expects to record a loss for the first-half, compared with a profit a year earlier. The stock surged 10 percent to 33 Hong Kong cents.
Chongqing Rural Commercial Bank (3618) Co. (3618 HK): The financial services provider said first-half profit rose 35 percent to 2.24 billion yuan from a year earlier. The stock gained 0.6 percent to HK$3.61.
PCCW Ltd. (8) (8 HK): Hong Kong’s biggest telephone company by market value said first-half net income rose 8 percent to HK$824 million ($106 million) from a year earlier. That compares with the median HK$810 million estimate of three analysts in a Bloomberg News survey. PCCW rose 2.3 percent to HK$3.07.
PICC Property and Casualty Co. (2328 HK): The insurer said first-half profit rose to 5.3 billion yuan from 2.69 billion yuan a year earlier. That compares with the median 4.1 billion yuan profit estimate of six analysts surveyed by Bloomberg News. The stock gained 0.5 percent to HK$12.14.
Shanghai Pharmaceuticals Holding Co. (2607 HK): China’s drug distributor said first-half net income jumped 66 percent to 1.3 billion yuan from a year earlier. The shares declined 1.3 percent to HK$16.26.
Shenzhen Expressway Co. (548 HK): The operator of toll highways and expressways in China said first-half net income was 352.5 million yuan, compared with 359.5 million yuan a year earlier. The stock slid 2.3 percent to HK$3.79.
Tsingtao Brewery Co. (168 HK): China’s second-largest brewer by market value said first-half profit rose 22 percent to 989.9 million yuan from a year earlier. The stock fell 0.5 percent to HK$48.45.
Zhaojin Mining Industry Co. (1818 HK): The Shandong-based gold producer said first-half net income rose to 720.1 million yuan from 561.2 million yuan a year earlier. The stock fell 3.2 percent to HK$16.96.
To contact the reporter on this story: Kana Nishizawa in Hong Kong at firstname.lastname@example.org.
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